Catella European Student Housing Fund II buys three assets

Berlin-based Catella Residential Investment Management (CRIM) has significantly expanded the portfolio of the Catella European Student Housing Fund II (CESHF II), with three acquisitions of student residences in Austria, France and Spain totaling €55 million ($59 million).

Following the transactions, the fund has an investment volume of approximately €100 million ($108 million) in four European countries just five months after the fund’s launch in September 2019.

Alexander Brüning, fund manager at CRIM, said, “Student housing has increasingly developed into an established asset class in the last 10 years and our first pan-European student housing fund has enabled us to deliver strong annual returns for our investors. Education is becoming an economic factor worldwide, and the number of students, both nationally and internationally, continues to rise significantly. Across Europe, roughly only 10 percent  of students have access to a dedicated student apartment