Catella plans to invest around €200M in Iberia

Catella plans to invest around €200M in Iberia


If, up until now, the Swedish company kept its radar on the housing and commercial spectrum, in the near future it should open its sights towards two other sectors.

One of those sectors is the office buildings sector. The Swedish company plans to invest between 100 and 150 million euro on this type of assets alone. And, according to Spanish newspaper Expansión, these operations should be carried out through its 400 million fund, specialized in the sector. 

The company’s other new investment focus are parking lots, a type of asset which has become «very interesting», as revealed by Catella Asset Management’s associates in Iberia Javier Hortelano and Eduardo Guardiola to the same newspaper. This is a segment where there are «few real estate investors present» and, at the same time, there is a lot of demand, especially in the great urban centres, explain the company’s associates. In order to invest in the sector, the Swedish management company set aside between 30 and 50 million euro.

Big cities such as Madrid in Spain and Lisbon and Porto in Portugal are under the company’s radar. In Spain, cities like Valencia, Malaga, Bilbao and Zaragoza are also targets for the Catella.

Concerning the company’s business focus – the housing market –, the company does not expect to slow down the pace of investment. Quite the opposite, Catella established a goal for the next two years: to double its current portfolio, which has 1.000 dwellings.

In the near future, it also plans to reinforce its investment both in student and senior residences in Spain. The company’s ultimate goal is to reach a 600 million euro portfolio, twice as much as it is worth right now.

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