Catella establishes fund management Catella Residential Investment Management GmbH

Sweden-based property firm Catella has founded a new company, the Catella Residential Investment Management GmbH (CRIM).

CRIM is a wholly owned subsidiary of the Swedish company Catella Property Fund Management AB and will focus on the management of European residential real estate funds.

Since January 2016, Catella Real Estate AG, led by managing directors Xavier Jongen and Michael Keune, has built up a strong team of portfolio managers for residential real estate in Berlin.

The team manages two open-ended real estate mutual funds as well as three open-ended real estate special funds. The total assets of the five funds amount to €1.3 billion ($1.5 billion) and have been invested in eight European countries, namely Denmark, Germany, France, Great Britain, the Netherlands, Austria, Poland and Spain.

The creation of CRIM is another strategic step for Catella, with the aim of building a high-performance, highly specialized competence center for the management of European residential real estate funds.

The entire team of Catella Real Estate AG in Berlin, consisting of 18 employees, has moved to CRIM in order to devote itself fully to the development of residential real estate funds. Catella Real Estate AG will continue to provide back-office support for all of its residential real estate funds managed by CRIM.