The Catella Wohnen Europa Fund has made six acquisitions, three in Germany, two in the Netherlands and one in Denmark, totaling approximately €120 million ($133 million), bringing its assets under management to €925 million ($1 billion).
The fund, managed by Berlin-based Catella Residential Investment Management and open to German institutional investors, made the investments in small-scale affordable housing complexes in Munich, Berlin and Wolfsburg for €65 million ($72 million), with €35 million ($38 million) in Nieuwegein and Deventer in the Netherlands, and €15 million ($16 million) in the Taastrup suburb of Copenhagen. The transactions were executed through the AIFM-registered Catella Real Estate AG investment platform.
The property in Wolfsburg, which is located in the north of Germany near Hanover, is the largest of the three German deals and comprises a residential and commercial building purchased for almost €30 million ($33 million).
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