Catella raises €90m for residential flagship fund, buys complex in Switzerland

Berlin-based Catella Residential Investment Management (CRIM) has raised €90 million ($99 million) from existing investors over a one-day period for its Catella European Residential I (CER I) fund.

CER I was launched in 2007 as the first institutional property fund to invest specifically in residential assets across European markets.

“The CER I Fund was trailblazing when it was launched by the Catella team, because it was the first vehicle to exploit the investment opportunities in cross-border European residential markets,” said Michael Fink, managing director CRIM. “Now the collective Catella Residential funds represent the largest European investment platform in the broader real estate Living Sector, which could be poised to overtake offices in the near future as the biggest investment market of all.”

The capital will be funneled into new segments of the real estate living sector in France and Spain. It will also extend the fund’s geographical rea