Catella launches “Catella Modernes Wohnen” open-ended mutual real estate fund for small-scale, affordable living
The team of Catella Real Estate AG has launched “Catella Modernes Wohnen” - an open-ended mutual real estate fund. The fund invests in small-scale, and thus affordable, accommodation with a focus on one and two person households in German conurbations.Over 75% of households in Germany are one and two person households, but one room apartments account for only 3% of Germany’s housing stock; if 2-3-room apartments are included, the share is 30%. The average residential unit size of 95 m² realised in new construction is not in line with demand. The new fund will invest in small-scale and