Catella Real Estate AG, a Munich-based investment manager, has launched its second Dutch residential real estate fund, Catella Dutch Residential II (CDR II), a successor to its Panta Rhei Dutch Residential fund.
Like its predecessor, the investment fund, which has a target fund volume of more than €300 million ($350 million), focuses on investments in the Dutch and, to some extent, Belgian residential real estate markets. Initial potential investments are already being appraised. The investment fund has been designed as a club deal, ultimately aiming to have a handful of institutional investors. The lead investor is a Northern German utility.
The special fund, which has been launched specifically for institutional investors, invests primarily in regions with strong local economies in the Netherlands and to a small extent in Belgium. The focus is on traditional residential real estate, with living space preferred particularly by older citizens (senior housing) include
