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Catella attracts €125M for housing fund
23 April 2020 |

Managing company Catella Residential Investment Management’s housing investment fund CER III Fund recently received 125 million euro and it now has a total 235 million euro to invest.

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According to the company’s release, this capital increase came from 2 institutional investors: «100 million euro from a large Dutch pension fund and 25 million euro from a leading German fund manage».

These new capital injections, «bring the Fund closer to its mid-term target of 1 billion euro in assets under management on the way to establishing a multi-billion open-ended investment vehicle across European residential real estate markets», it can be read in the document.

Michael Fink, Managing Director, CRIM, said: «Demand for affordable and highly sustainable rental housing will be greater than ever after the Covid-19 crisis passes and we continue to see very strong interest from both German and international investors for our cash flow-focused residential investment vehicles. Residential assets are already proving to be the most defensive and resilient among property sectors as the European economic recession deepens. Catella’s research and risk models take these downside scenarios into account when constructing portfolio compositions. The CER III fund’s Luxembourg-based structure also provides international investors with easy access to Catella’s platform, which is the largest and most geographically diverse across European markets. We anticipate that we will be able to announce further new investors alongside our new Dutch and German clients in the near future.»

Casper van Grieken, Head of Equity Placement at CBRE Netherlands, the placement agent for the CER III Fund, said: «Amid the huge uncertainties stemming from the coronavirus pandemic, Catella has succeeded in adding two more heavyweight investors to its stable. It is quite a feat to secure transactions in the current environment and this achievement is clearly an endorsement of the quality and track record of Catella’s residential platform and strong ability to source attractive investments across Europe.»

Catella European Residential Fund III now has four institutional investors across Europe after attracting its first commitment from outside Germany in October last year with 40 million euro from France’s Primonial REIM.

Press Released by Catella