Catella advised German institution to acquire residential property project in Leipzig for EUR 51 million
Munich-based investment manager Catella Real Estate has advised a southern German institution to acquire the high-quality residential property project development “Naumannsche Brauerei” near the Leipzig city centre. The purchase price was EUR 51.3 million with a purchase yield above 4%. The property is going to have 182 residential units and 4 local retail units with in total 15,590 square meters of space.The purchase was made for a special fund of a southern German institution. The fund is managed by the German capital management company Institutional Investment Partner. Catella performs