Publications

Catella European Residential acquires senior living development in Germany
Transactions - MAY 18, 2023

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Catella European Residential acquires senior living development in Germany

by Kali Persall

Catella European Residential (CER), a German public open-end real estate fund managed by Catella Residential Investment Management, has acquired a 14,000-square-meter (150,694-square-foot) waterfront development of 137 senior living apartments spread across four buildings in Germany.

SEEBAD Erholungsraum sold the property for around €50 million ($55 million).

Located on Lake Zwenkau on the southern edge of Leipzig, the four-building complex consists of 10,800 square meters (116,250 square feet) of living space — of which 88 apartments are designated for assisted living and 49 for care. In addition, a range of communal areas are planned, including a daytime café.

Completion of the property is planned for summer 2025.

“Germany is one of only five ‘super-aging’ societies in the world, with nearly one-third of its population projected to be over 65 years old by 2050,” said Michael Keune, managing director CRIM. “This demographic megatrend is al

Forgot your username or password?