Catella Real Estate AG – the property business that is part of the Catella group listed on the First North Premier of Nasdaq in Stockholm – has said it is going to offer new residential funds for institutional clients, with a focus on both acquisitions of new property as well as developments.
The overall Property Investment Management business area has AUM of some €3.1bn , with a presence in Germany, Finland, France, Denmark, Spain and the Baltics. Thus far the focus has been on commercial real estate, meaning that the latest announcement represents a diversification of its property business lines.
Catella said that Xavier Jongen will head the new residential property platform.
Catella Real Estate AG has been a ‘cooperation partner’ in an existing €900m European open ended residential property fund since 2007. This area will be expanded following the establishment of the new platform for investors.