Catella’s fund platform sells office building in Luxembourg for the Fund ‘Sarasin Sustainable Properties - European Cities’

Developed in 2021 by Lafayette, the SHOW office building comprises approx. 8,961 sqm of lettable space spread over 6 floors, including 2 underground parking levels with a total of 104 parking spaces. Thanks to its contemporary L-shaped design, the property blends in with the modern architecture of the neighbourhood. Outside, the building is surrounded by elaborately designed outdoor facilities and a green inner courtyard. The building features numerous ecological measures, such as energy-efficient triple-glazed windows, LED lighting, integrated sun blinds, a rainwater utilization system and 10 charging stations for electric cars. Thanks to the high ESG-standards in the project development, the building was certified BREEAM ‘very good’ upon completion.

The ‘Rue de Bruyeres 60’ property is centrally located in the municipality of Howald, which merges seamlessly with Luxembourg City and is currently developing rapidly from a traditional industrial and retail location into a flourishing mixed-use neighbourhood. The immediate proximity to the A3 motorway and the new railway station provide access to Luxembourg City's tram and tram-train system.

CREAG was supported by Catella IM Benelux B.V.(CIMB) on transactional advisory. Stibbe, Drees & Sommer and Deloitte advised on legal, technical and tax matters on this transaction.

Jaime Sarrà, Senior Investment Manager at CIM, mentions: ‘After a holding period of four years, the SSP Fund managed to obtain stable cash flow for this property since acquisition. The Fund was able to profit from positive capital gains, which in turbulent times for the office market is highly appreciated by investors.’

 Ralph Willems, Senior Acquisition Manager at CIMB, adds: ‘Luxembourg has proven once again to be a strong office market within Europe attracting solid occupier’s demand for financial and public entities. We will keep monitoring Benelux markets for new acquisitions, especially within the logistic and residential sectors, being both highly sought-after asset classes by investors nowadays.’

About the ‘Sarasin Sustainable Properties - European Cities’ fund

Sarasin Sustainable Properties - European Cities is a fund advised by Catella Investment Management GmbH in cooperation with Bank J. Safra Sarasin AG. The cooperation with Bank J. Safra Sarasin Ltd. with ESG-goals was launched back in 2011 and thus played a pioneering role in European property investments with ESG-focus. The fund is geared towards institutional investors in Switzerland, Austria and Germany. The sectoral target allocation of the portfolio provides for at least 75% to be invested in commercial property. Up to 25% each can be diversified into residential and logistics properties. Each property must comply with Bank J. Safra Sarasin's AG ESG-standards.

About Catella Investment Management GmbH (CIM)

Catella Investment Management GmbH (CIM) is an independent and entrepreneurial real estate investment advisor for funds and mandates with assets under management of approximately EUR 10 billion. As a subsidiary of the Stockholm-based Catella AB, CIM  advises more than 25 mutual funds and special real estate funds as well as several mandates across 15 European countries, with a focus on residential, mixed-use, parking, and logistics properties. CIM provides (advisory) services in research, portfolio management, acquisitions, disposals, and asset management. The company operates offices in Berlin, Munich, and Vienna.

Catella IM Benelux B.V. (CIMB) is a subsidiary of Catella AB. CIMB offers advice regarding fund, acquisition- and asset management for Catella-managed funds as well as for third parties with an allocation in the Benelux region. CIMB has been operating in the Benelux since 2015 and with its extensive knowledge of the markets and local expertise is a specialist in all aspects of real estate including unlocking the inherent value in distressed assets. CIMB currently advises about €2.0 billion in assets under management.

For further information:

Catella Investment Management GmbH

Stine Zöchling

Head of Marketing and PR

Office: +49 (0)30 887 285 29 76

Mobile: +49 (0)151 544 51 005
E-Mail: stine.zoechling@catella.de

Catella IM Benelux B.V.

Ralph Willems MRICS 

Mobile: +316 28945516

E-Mail: ralph.willems@catella.nl

Further information can also be found on the website at www.catella.com/immobilienfonds

Notes:

This is a marketing communication. It serves information purposes only and constitutes no investment advice, no investment recommendation, no offer and no invitation to buy or sell investment products. The information provided is not suitable to serve as basis for making a concrete investment decision. It includes no legal or tax advice. Disclosure of the information constitutes neither a contractual obligation nor any other liability towards the recipient or any third party. This marketing communication is not part of the legally required sales documents of the investment fund discussed in this marketing communication. Fund units are sold exclusively on the basis of the fund’s investment conditions, as amended, in combination with the information for semi-professional and professional investors, pursuant to Section 307 (1) and (2) of the German Capital Investment Act (KAGB) as amended. The decision to invest in the fund discussed in this marketing communication should take into account all characteristics and objectives of the fund as described in the legally required sales documents. The information for semi-professional and professional investors pursuant to Section 307 (1) and (2), KAGB, (including a description of the material risks), the investment conditions, the key information document and the most recently published annual report, each as amended, are available in paper form from Catella Real Estate AG, Alter Hof 5, 80331 Munich, or can be retrieved electronically under www.catella.com.