Catella establishes Amplion in Sweden

Catella's asset management division Amplion has established a new business unit in Sweden. Amplion has teamed up with three experienced real estate professionals Greger Hedlund, Magnus Edlund and Örjan Johansson, who will become partners in the new company.

Greger Hedlund has been nominated as managing director. Sara Östmark and Josefina Erenius have been appointed asset managers.

Before joining Amplion, the team operated Property Incentive Northern Europe. PINE's mandate Lönnbacken Fastigheter will continue to be taken care of by PINE with Magnus Edlund being the external managing director of the company.

'The expansion to Sweden is an important step in Amplion’s growth strategy as Sweden is one of the most active and attractive real estate markets in Europe. Amplion’s business concept is to establish investment clubs and non regulated fund vehicles for investors where Amplion is part of the set up. Our model fits well for the investing clients’ requirements since a crucial part of the service concept is the profit participation based on performance which will ensure the aligned interest between the investors and Amplion,' said Timo Nurminen, Amplion Group.

Amplion Asset Management has more than EUR 1 bn of assets under management in Europe. Amplion is part of the Catella Financial Advisory Group, an independent European finance group specialized in Financial Advisory Services and Asset Management. Catella has about 320 employees in 14 European countries.