Catella European Residential

(formerly: Bouwfonds European Residential)

The European Residential Property Fund.

The "Catella European Residential" (CER) (formerly: Bouwfonds European Residential) was a product of Bouwfonds Group under the overall responsibility of Catella Real Estate AG. Catella Real Estate AG and Bouwfonds Fund Management B.V., Hoevelaken/ Netherlands has agreed to terminate the outsourcing of the fund management (portfolio and asset management) as of 30 April 2018. Catella is now not only responsible for the fund administration but also for the fund management. Therefore the name of Bouwfonds European Residential has changed into Catella European Residential.

Catella European Residential is an open-ended public real estate fund under German investment law (Kapitalanlagegesetzbuch) aimed predominantly at institutional investors. It aims in particular at insurance companies, pension funds, pension schemes, foundations, funds of funds and high net worth individuals.

The fund aims to generate stable returns in the long term while minimising risk through the high diversification potential of the residential property markets, which are locally strongly uncorrelated. The investment focus is on apartment blocks, middle-market terraced and semi-detached houses in city centres, near-city locations and European metropolitan regions. Senior citizens’ apartments and student accommodation are also considered. Property acquisitions will include existing real estate, development projects and refurbishment projects.

The investments target growth regions in Germany, France, BeNeLux nations and Scandinavia (90% of the portfolio). In a later phase, the fund will also consider investments in other states in the European Economic Area and Switzerland.

Investment Opportunities		Investment Risks
High occupancy rate leads to stable net income in the coming years. The fundamental demand and supply-side factors for investments in the traditional and modern residential market in the European core markets are positive in the long term. The favorable demographic outlook and the trend in household size will ensure that demand for housing remains high, with a corresponding impact on price and value trends. Achieving stable returns through professional, local asset management.		Interest rate risk with regard to debt financing and liquidity investments. Limited return options due to legal deadlines. Property-related risks such as valuation, outstanding rental payments, occupancy rate. Completion of construction projects may be delayed or more expensive than assumed at the start of construction.

Fund Facts

Target return BVI		5-6% p.a.
Geographical distribution		Europa
Real Estate		60-100% multi-family houses max. max. 40% other modern living concepts (Student Housing, Serviced Apartments, Senior Housing)
Investment style		Core
Target fund volume (equity)		EUR 750 million - 1 billion
Fund duration		Open-ended
Fund launch		December 2007
WKN / ISIN		DE000A0M98N2
Minimum investment		EUR 500,000
Legal structure		Open mutual fund according to German law (KAGB)
Open for capital commitments		No
Fiscal Year		01. May until 30. April

Investment Strategy

Integration of sustainability risks

See CER fund documents of the Investment Management Company (CREAG)

Disclaimer

The information and data are provided on a voluntary basis and may not be sufficient or suitable to support an informed investment decision without further explanations and additional information, in particular the relevant sales documents of the investment fund (e.g. sales prospectus, key investor information). It is therefore recommended that investors also read the sales documents carefully before making an investment decision and, in particular, consult their investment advisor and tax advisor if they have any questions.