The investment will be carried out through its fund Catella European Residential Fund III and is already aiming at several European markets. Besides Denmark, Holland, Germany and France, the plan is to also invest 50% of the available funds in Spain, Poland and other European markets, the Company disclosed in a release.
The fund expects to reach an investment volume of 1.000 million euro. The fund, managed by Catella Residential Investment Management (CRIM) from Berlin, is Catella’s first paneuropean vehicle, based in Luxembourg, it offers international investors access to a geographically diversified housing portfolio.
Michael Fink, CRIM’s CEO, states that «investment in the housing sector has grown very quickly and during the second half of last year, it surpassed the retail segment in Europe, becoming the second most important segment after the office segment ».
Catella is a leading company in the investment and real estate management sectors, fund management and banking, which operates in 14 countries among which Portugal and Spain. In Iberia, it operates under its subsidiary Catella Asset Management Iberia.
Press Released By Catella