Catella Residential Investment Management (CRIM) has invested €51m in two transactions in Germany on behalf of a southern German pension fund.
CRIM said it has acquired the 7,388sqm Campus Westend student residence in Bielefeld from Bautra Group and Borchard-Bau and has also bought a 3,575sqm residential scheme in Bad Homburg from Galic Immobilien.
Matthias Bursi, CRIM fund manager, said: “These two acquisitions fit perfectly into our strategy to acquire affordable residential units in inner-city and suburban areas in key growth centres across Germany.”
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