This investment is part of a wider operation of 84.45 million euros, and in the shelter of which the residential area of Catella Real Estate also invested in the purchase of other residential assets in Germany and Holland, strengthening the fund’s portfolio with 650 new homes distributed among these three European markets.
In Germany, a group of 96 business apartments in the centre of Mainz were bought for 13 million euros, as well as another 84 units in St. Augustin (between Bonn and Cologne) for 11 million euros.
Investment in Holland was 37 million euros, in the purchase of 254 homes in Almere, east of Amsterdam.
“Demand among our investors for attractive real estate investments in our market continues high. For this, we are very pleased to have secured these attractive properties for the fund. We will continue to look at good opportunities in the European residential markets and we will focus on securing attractive assets for our clients. In this way, we can guarantee that the fund will generate a sustainable cash flow for our investors", states Markus Wiegleb, Portfolio Director, Catella.
Managed by Catellas’s residential team in Berlin, the Catella Wohen Europa fund has already invested more than 339.8 million euros up to now. With Germany as its principal focus, the fund works on a strategy of diversity of risk with other investments in Europe, having in its portfolio assets in Spain, the Low Countries and Denmark.