The pan-European Catella European Logistics Fund Plus invests in modern, ESG-compliant logistics, warehousing, distribution and transhipment properties in established logistics regions and attractive logistics locations in Europe. All locations have currently and in the future strong fundamentals and growth potential in combination with stable cash flow from property acquisitions. The special fund takes into account green characteristics within the meaning of Article 8 of the EU Review Regulation.
The investment strategy focuses primarily on newly constructed properties as well as modern existing properties in the Core and Core+ segments. At least 50% of the investment volume is earmarked for new and like-new (<10 years) logistics properties. The highest possible third party usability and flexibility of the objects as well as multi-modal objects / locations (e.g. track connection) are preferred.
At least 60% of the investment objects are acquired in the economically strongest European regions (focus regions), which include Germany, Austria, Switzerland (DACH), France, Belgium, the Netherlands, Luxembourg (Benelux), Scandinavia and Great Britain. In addition, the fund invests up to 40% in emerging economic regions of the European Economic Area (satellite regions) such as Spain, Portugal, Italy, Ireland, Poland, Czech Republic and Slovakia.
The investment horizon of the broadly diversified target portfolio, which consists of up to 20 objects, is open-ended. The fund has a target volume of at least EUR 500 million. The target distribution yield is 5-6% per annum. The funding rate is 0 to 50% and is only used with the corresponding economic added value. At least 70% of the fund is invested in Euro, foreign currencies are insured. The fund is aimed exclusively at professional and semi-professional investors, the minimum investment amount is €5 million.
Catella Real Estate AG's team of logistics experts adds another component to the Catella logistics story with the issue of the Catella European Logistics Fund Plus. In total, the logistics team has accompanied a total of 86 logistics transactions with an investment volume of more than €2.6 billion between 2015 and 2023 and acquired 27 large leases with more than 325,000 sqm in the last 4 years. In addition to an excellent network, the presence of a total of 25 branches in 12 countries offers the opportunity to monitor properties in on-site asset management.
The specialised logistics fund "Catella Logistik Deutschland Plus" (CLD+), launched at the end of 2020, currently has €245 million of assets under management with a total of 15 properties in Germany, the Netherlands and Belgium (as at 31.01.2024). Most of the acquisitions were made as off-market deals. All properties are 100% leased with an average remaining lease period of 8.8 years (WALT). In the last financial year, a distribution yield of 4.1% could be generated for investors. The CLD+ will be fully invested during the year.
Wolfgang Holzberger stated: "We are very pleased to launch the second Catella Logistics Fund on the market with the "Catella European Logistics Fund Plus" from the end of 2020. Unlike the previous fund, the "Catella European Logistics Fund Plus" is designed as a purely pan-European fund, which offers us the possibility of further diversification. Our European network represents a unique market positioning for Catella and supports both the acquisition and asset management of logistics properties across Europe. We currently see numerous investment opportunities in undervalued and emerging logistics locations in Europe with extremely attractive risk-return profiles. In addition to the acquisition of modern, ESG-compliant logistics properties, our main focus is on proactive asset management to realise the existing potential".
