Catella asset management advised German institution on acquisitions of residential developments for EUR 40 million
The residential team of Catella Real Estate has advised a southern German institution on acquisitions of 130 new development apartments in Bamberg and Berlin for a total of some EUR 40 million.The purchases were made for a special fund of the German institution. The fund is managed by German capital management company Institutional Investment Partners. Catella performs the portfolio management in the residential segment of the fund. In Berlin, construction phase B of the Hasenheide project development was acquired for EUR 30 million. The project includes construction of 97 apartments