Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered Catella Real Estate AG (CREAG) have acquired four residential properties, including two in the micro-apartments and assisted-living market segments, in Germany on behalf of the Catella Wohnen Europa (CWE) Fund. The combined value of the deals is in excess of €125 million ($149 million).
The transactions encompass the purchase of a redevelopment project in Zossen, two new developments in Berlin and Würzburg, and an existing apartment block in Dortmund, and they will boost the volume of the fund’s portfolio to more than €1.2 billion ($1.4 billion). More than 6,000 apartments are now held in the vehicle. The acquisitions were made through CREAG’s AIFM platform.
Benjamin Rüther, head of fund management at CRIM, said, “The move to environmental as well as social impact investing is accelerating with the introduction of the E.U.’s SFDR regulations, and residential real estate is a fr
