Catalyst Capital has invested €200m in a portfolio of 10 German real estate assets sold by TRIUVA and a large German public sector pension scheme.

Catalyst acquired the portfolio for its European Property Fund II (CEPF II), for which it is aiming to raise €1.25bn.

It announced a first close for the vehicle in June, with backing from US and European pension funds.

Catalyst partner Kean Hird said the properties provided strong, long-term income in good locations.

“Five are in the top seven German cities, and the other five are in attractive cities and towns, and give us an opportunity for value enhancement through asset management initiatives,” he said. 

“We continue to seek similar office and retail assets in Germany.”

In addition to office space, the 93,000sqm portfolio includes retail and residential space.

Tenants include BMW, Bosch and Continentale.

Catalyst has invested around €650m in real estate for CEPF II, including investments in the UK and Paris.

The fund also invests in Belgium and Poland.