Catella Asset Management advised German institution on acquisition of residential building in Dresden for EUR 8.3 million
The residential team of investment manager Catella Real Estate has acquired a project development with 30 newly built residential units in Dresden for a mandate of a southern German institution. The purchase price was EUR 8.3 million.The purchase was made for a special fund of the German institution. The fund is managed by German capital management company Institutional Investment Partner. Catella performs the portfolio management in the residential segment of the fund. “We are very pleased to have acquired this property for the fund from Gamma Immobilien- Besitz und Beteiligungs. The