Catella launches open-end European residential fund

Berlin-based Catella Residential Investment Management has launched its third Pan-European Residential Fund for international clients. The fund will be a Luxembourg-registered SICAV-RAIF. The objective of the open-end Pan-European Residential fund is to build up a diversified residential real estate portfolio in Europe. The targeted volume of the fund is €1 billion.

The fund is the first Catella Luxembourg-based residential fund for international institutional investors. The portfolio will be seeded by a leading German pension fund with assets valued at €50 million to €100 million ($TK million to $TK million).

It has a broadly diversified European residential portfolio. The focus will be on modern and affordable apartments with a stable cash flow, as well as on new developments and/or properties in growing market segments such as student housing, young professionals and senior housing apartments.

The fund will target institutional investors, such as pensio