Månad: december 2015

21 December 2015

Catella enters property investment management in Norway and mezzanine fund management in Luxembourg through an initiative in partnership with Jarle Norman-Hansen and Bjarte Solheim, both with extensive experience from the property investment markets of Norway and the Nordics.

Press release

“Catella has a very strong Nordic and Continental European platform within both property investment management, with EUR 3.2 billion under management, and real estate corporate finance. We have most recently launched a residential funds operation in Germany, established Catella in Spain, and we continue to develop our successful operations in Finland, France, Denmark, Iberia and Luxembourg. The establishment in Norway is a natural next step in our expansion. Norway is a big and well-functioning market where we believe we can bring value to our future clients. In 2016, we will also build a corporate finance business in Norway to offer both local transaction capacity and access to our European corporate finance business,” says Knut Pedersen, President and CEO at Catella.

Jarle Norman-Hansen and Bjarte Solheim have been involved in multiple Nordic real estate transactions as advisors, managers or owners. Combined, they have made more than SEK 50 billion in real estate equity, mezzanine and debt investments.

“Catella will gain access to a management team with extensive, relevant investment experience across diverse property types, geographies and stages of the economic cycle. They have a wide network of local investors, lenders and advisors across the Nordics. Additionally, Catella will obtain access to a real estate fund set-up and related mezzanine financing platform based in Luxembourg,” says Timo Nurminen, Head of Property Investment Management at Catella.

Jarle Norman-Hansen has 28 years of experience from the Nordic property markets, and is the founder and managing partner of the Luxembourg-based Ambolt Advisors S.a.r.l., a mezzanine fund manager currently managing two funds financing Nordic property investments. He was previously head of Real Estate & Research at ABG Sundal Collier and Head of Research at Alfred Berg and First Securities.

Bjarte Solheim has 17 years of experience from the Nordic property markets, and is the founder of Norwegian asset manager Elementum. Prior to that, he was founder/managing partner at Solist, a Norwegian property fund, and director/managing partner at Fearnley Finans Eiendom.

Catella will form a new partnership company with Norman-Hansen and Solheim, which will acquire their existing platforms, Ambolt Advisors S.a.r.l. and Elementum Asset Management AS. The new enterprise will focus on property investment and asset management on behalf of Norwegian and international investors and managing of mezzanine debt funds. The operations will start in the beginning of 2016.

“Catella has now grown to become a one-stop shop within local third-party asset management for cross-border and local investors. We will also selectively launch niche fund products to meet the needs of local investors,” says Timo Nurminen.

Catella has assets under management of approximately EUR 14 billion. The Property Investment Management business area has assets under management of approximately EUR 3.2 billion and has operations in Germany, Finland, France, Denmark, Iberia and Luxembourg.

For more information, please contact:
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se

Timo Nurminen
Head of Property Investment Management
+358 50 337 3320
timo.nurminen@catella.com

Press contact:
Ann Charlotte Svensson
Head of Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se

18 December 2015

Munich-based investment manager Catella Real Estate has acquired an initial portfolio consisting of three housing complexes with a total of 303 residential units for the fund Panta Rhei Dutch Residential. The properties are located in the greater Den Haag and Eindhoven regions in the Netherlands.

Press release

“All the properties are located in high-growth regions in Netherlands with increased demand. Also our local property manager is the market leader in care services at the Eindhoven location”, says Henrik Fillibeck, MD of Catella Real Estate AG.

The acquisition in Rijswijk in the Den Haag region relates to a property that was built in 1974 and has 17,140 square metres of leasable space. Following partial refurbishment in 2005, the property is now in excellent condition. It has a total of 160 residential units as well as 58 underground and 100 outside parking spaces. The property is fully leased and has below-average tenant turnover. The lease agreements are index-linked and tied to the inflation rate in the Netherlands.

Two further building complexes, De Hoeve and Wilgenhof, with a total of 143 residential units, were also acquired. De Hoeve was built in 1996 and Wilgenhof in 2008. They have leasable space measuring 12,600 square metres. Both properties meet the latest technical standards and are fully leased. The leases are also index-linked.

The capital from the first closing was called as planned to fund the acquisition of the three properties by the end of the year. The existing homogenous group of investors consists primarily of major professional investors based in Germany.

The Panta Rhei Dutch Residential fund was launched at the beginning of this year and focuses on the up-and-coming residential property market in the Netherlands. The open-ended special fund is managed in cooperation with the Dutch partner Panta Rhei. The target volume for the fund is EUR 150 million and the target yield is between 6 and 7 % and dividends are expected to be between 4 and 4.5 % per year.

For more information, please contact:
Henrik Fillibeck
MD, Catella Real Estate AG
+49 89 189 16 65 39
henrik.fillibeck@catella.de

Press contact:
Ann Charlotte Svensson
Head of Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se