Catella and Kriton establish asset management company

Catella and Kriton Immobilien have jointly established a new asset management company, Catella Asset Management (CAM). This is in response to growing demand for advisory services in professional real estate management for national and international investors.

The new company will offer its extensive expertise also to third parties in the German market for the first time.

Catella Asset Management operates in the market as a professional asset management services provider, focusing on office and retail properties as well as buildings earmarked for conversion into residential properties. The emphasis is on properties with potential value-add. The aim is to leverage the long-term earnings potential of properties located in Germany’s high-growth regions through active asset management and to unlock this potential for investors.

“Kriton has specialized experience in identifying and leveraging the value-add potential of real estate,” said Henrik Fillibeck, member of the managing board of Catella Real Estate AG. “During the current market phase, high national and international demand for properties in the core segment with fixed, long-term rentals has led to a price situation where the risk-return profile of properties with asset management potential is becoming increasingly more attractive. Not only does a regional presence with local expertise offer the opportunity to generate higher returns, it also increases investment security, because the value-add potential is leveraged at the outset for a foreseeable period. In this context, manage-to-core prospects unlock the potential to realize increases in value quickly. A service for third parties is that management fees generate regular income, while profit sharing provides performance-related incentives.”

Catella Asset Management will be headed by Andreas Hauff, one of the managing directors at Kriton, and Nicolas Hartel, a portfolio manager at Catella Real Estate AG