News and Press Releases

The CREDI Main Index increased by more than ten points from the previous survey, reaching 56.4 points. This is the first time since the rise in interest rates that the Main Index has surpassed the neutral 50-point threshold.

The Finnish real estate investment market remained subdued and the H1/24 transaction volume totaled ca. EUR 1.2 billion. Last year’s H1 volume of EUR 1.4 billion was reached by the end of July. Foreign investors accounted for 51 percent of the acquisitions, indicating that foreign investors have maintained their interest in the Finnish real estate market.

Catella Asset Management has been appointed as Asset Manager of Spektri Business Park the first Business Park in Finland.

eQ Community Properties has sold a hospital property located in the Pori city centre to NIAM.

Catella acted as financial advisor to the funds managed by OP in the sale of two modern logistics properties in the Helsinki region in Tuusula. The buyer is Logian, a joint venture between Keva and Mrec Investment Management Oy.

Ilmarinen Mutual Pension Insurance Company has sold a modern healthcare property in the city centre of Oulu to a fund managed by Swiss Life Asset Managers, which is dedicated to pan-European healthcare investments.

Catella has appointed Petteri Kokko, current Head of Transactions, as new Managing Director at Catella Corporate Finance Finland succeeding Antti Louko. Petteri Kokko will start his new position 1 July 2024.

Helsinki, 30th May 2024 – Catella Residential Investment Management GmbH (CRIM) has acquired four residential properties for the Article 9 compliant ‘dark green’ investment fund Catella European Residential III (CER III). The properties were acquired from Oivat Kaupunkikodit Ky, managed by eQ Asset Management Ltd. The properties are located in Helsinki, Vantaa, Tampere and Turku in excellent locations close to daily services. Catella Asset Management Oy (Catella AM) will manage the portfolio.

Jussi Artema joins Catella Asset Management Finland (CAM Finland) as Associate.

CORUM Origin and CORUM EURION (Corum) owns a Finnish real estate portfolio consisting of 21 properties with a total gross leasable area (GLA) of 142,000 sqm. The portfolio’s assets are located across Finland, and they are mainly leased to a single tenant on a long lease.

Catella acted as the exclusive financial advisor of Paavo Nurmi Foundation in the sale of two residential properties located in the districts of Töölö and Kallio in the inner city of Helsinki to Elo Mutual Pension Insurance Company.

The intense inflation that started in 2022, coupled with fast rise of interest rates, ultimately caused real estate transaction volume to collapse. We entered year 2023 with a very quiet market after the rapid increase in yields, and despite high hopes, the market did not show signs of recovery at any point. Last year’s transaction volume resulted in ca. EUR 2.5 billion, closely resembling the levels seen in the record weak years after the financial crisis.

The property is located at Lönnrotinkatu 20, and was built in 1972. The total lettable area is approximately 5,800 sqm. The ground floor is fully rented to Lidl, while the four upper floors are vacant. Catella Real Estate AG (CREAG) acquired the property in 2011 for the Special Fund Catella Scandia Chances. Due to several trends affecting the office market, the property was sold as a development project. Slättö, on behalf of the Slättö Value Add II fund, plans to convert the property for hotel use.

Jermu Kujanpää joins Catella Asset Management Finland (CAM) from Catella Property on January 29th, 2024.

Catella acted as the exclusive financial advisor of Ålandsbanken Asuntorahasto Erikoissijoitusrahasto in the sale of two new-built residential properties located in Espoo to CapMan Residential Fund in 2023.