Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘bavaria’

Catella’s new BAVARIA fund acquires residential and retail property in Munich

Posted by fidest press agency su lunedì, 13 marzo 2017

munich-based investment manager Catella Real Estate has acquired its first property for the Catella BAVARIA fund, which was launched in December 2016. The residential and retail property in the Neuhausen-Nymphenburg district of Munich, measuring almost 2,000 square metres, was bought for EUR 20.8 million. “This residential and retail property in the popular Neuhausen-Nymphenburg district is the perfect first acquisition for the fund’s portfolio. As a multi-tenant property, it offers an excellent risk-return profile for our investors. The acquisition of further properties for the fund is imminent,” says Henrik Fillibeck, member of the Managing Board of Catella Real Estate.
Built in 1949, this prestigious property was comprehensively refurbished and redeveloped in the 1990s and is in excellent condition. Its usable space is divided into two retail units, two office units and four residential units. The units are fully occupied under long-term leases. Built in the 19th century around Nymphenburg Castle, Neuhausen-Nymphenburg is one of the most popular residential districts of the Bavarian capital. Neuhausen-Nymphenburg, on the western side of the city, has an excellent infrastructure network serving a population of currently 97,500 people. The Catella BAVARIA fund has greater sectoral and regional flexibility than its predecessor, Catella MAX. The fund aims to reach an equity target of EUR 250 million and is authorised to invest in Bavaria. The intention is to acquire core and core+ properties valued at EUR 5 million or more, with a target return of 3 to 4 percent per annum. Investment in the fund is reserved for experienced retail investors and semi-professionals wishing to commit at least EUR 100,000.

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Catella to invest in Munich and Nuremberg through new fund Catella Bavaria

Posted by fidest press agency su sabato, 17 dicembre 2016

monaco di bavieraMunich-based investment manager Catella Real Estate launches a new real estate fund, Catella BAVARIA. The fund will focus on the metropolitan areas of Munich and Nuremberg, with an equity target of EUR 250 million. Investment in the new fund is reserved for experienced retail investors as well as semi-professionals wishing to commit at least EUR 100,000. The fund aims to reach an equity target of EUR 250 million and is authorised to invest in Bavaria, prioritising the Munich and Nuremberg regions. The intention is to acquire core and core+ properties valued at EUR 5 million or more.“The metropolitan regions of Nuremberg and Munich are the showcases of Bavaria. The area around Munich is benefiting from population growth, resulting in a shortage of affordable housing in the city. This long-term trend leads to stable price performance. With its strong economy, the Nuremberg metropolitan area enjoys sustained positive development,” says Dr Thomas Beyerle, Group Head of Research at Catella.“As a Munich-based company, we have been able to build an excellent acquisitions network in both regions. The acquisition of the first properties for the new fund is imminent.” says Henrik Fillibeck, Managing Director of Catella Real Estate.Catella BAVARIA will complement its predecessor fund, Catella MAX, which focuses on Munich. The new fund has greater flexibility in terms of sectoral and regional allocation. In addition to the wider geographic allocation, investments in the residential, office and retail types of use will help achieve a balanced risk/return profile. Furthermore, acquisitions of project developments are also planned to diversify the mix. Since it was launched in 2010, Catella MAX has generated a net asset value of EUR 228 million and has invested in real estate assets of EUR 266 million in 13 properties.

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