Catella establishes fund manager Catella Residential Investment Management
Catella has established a new company, Catella Residential Investment Management GmbH (CRIM). CRIM will be wholly owned by Catella Property Fund Management AB and focus on managing European residential real estate funds.Since January 2016 Catella Real Estate AG built up a strong team of residential portfolio managers in Berlin, led by Xavier Jongen and Michael Keune. The team manages two mutual property funds and three special property funds. The total invested capital in the five funds amounts to EUR 1.3 billion and so far the funds have made investments in 8 countries in Europe; Germany,