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