News and Press Releases

The Catella European Residential III Fund (CER III) has acquired a 177-unit fully rented student housing development in Leipzig, in the eastern German state of Saxony for around €23 million from the Family Office Drengenberg. This latest investment takes CER III’s total assets under management to EUR 800 million. The Fund is managed by Berlin-based Catella Residential Investment Management (CRIM).

The Catella European Residential III Fund (CER III) has, in cooperation with Catella Asset Management Oy, acquired a portfolio of 243 new-build apartments, six commercial units and 122 parking spaces in the Finnish cities of Helsinki, Tampere, Turku and Vantaa, for approximately €50 million from Oivat Kaupunkikodit Ky, a fund managed by eQ Asset Management Ltd.   

Demand for housing in major European cities and urban centres remains high and is not being met by constrained construction supply, which is continuing to pushup rents. Following the downturn in recent quarters, the price trend for owner-occupied apartments is in a stabilization phase. High inflation is putting pressure on net household incomes and, together with the price trend of recent years and increased financing costs, is making private buyers much more cautious. These are the key findings of the latest Catella Residential Market Overview Q1/ 2024, which analyses the residential markets of 63 cities in 20 European countries.

Catella Group Management are happy to announce the promotion of Shauna Mehl as Head of ESG. The appointment underscores Catella’s steadfast commitment to sustainability excellence and corporate responsibility. In alignment with the group’s values, identifying the ideal candidate internally further emphasizes growth opportunities and empowerment of the employees retaining our talented workforce.

Retail is suffering across Europe! No, especially as generalized statements indicate a general trend, but a more in-depth market analysis reveals major differences within the EU member states and the UK. The fact is that there are many solutions in the largest retail sub-segment, shopping centers, to "return to pre-pandemic figures". However, this is where the first error in thinking lies: it was already foreseeable in the middle of the last decade that the times of steadily rising transaction volumes and increasing customer frequency had reached their peak - on a European average, mind you. There was hope immediately after the pandemic. However, this turned out to be a classic catch-up effect - in combination with the turnaround in interest rates, the war and consumer restraint.

Catella’s latest European Residential Vision 2024 research report concludes that the acceleration in global warming is building-up pressure on residential real estate investors to integrate fundamental ‘climate finance’ strategies into their portfolios if they are to avoid the risks of a stagnation in values and being left holding stranded assets.

More than ever, global developments are having a significant impact on the transportation, transport and logistics markets. On the surface, the tense geopolitical and economic environment, such asthe war in Ukraine, Houthi attacks in the Gulf of Aden, volatility in inflation rates, interest rate turnaround, and rise in freight rates is reflected in global supply chains and therefore also in the European transaction markets. According to data from Real Capital Analytics (RCA), the transaction volume on the European market for the industrial asset class in 2023 was around 46% below the previous year's level.

Catella Residential Investment Management has acquired an Elithis ‘energy-positive’ residential tower and attached low-rise building development in the city of Clermont-Ferrand in the Auvergne-Rhône-Alpes region of central France on behalf on an institutional mandate for an estimated investment of approx. € 29 million.