Stockholm-listed investment manager Catella has established operations in the Netherlands with the acquisition of Dutch real estate services provider Panta Rhei Advisory by Catella Property Fund Management.
Panta Rhei, which was co-founded by Vöas Brouns in 2013, will be renamed Catella IM Benelux.
Catella IM Benelux has 10 employees, and will initially focus on the management of the Benelux located properties of Catella Real Estate.
As of 1 July 2017, Catella Real Estate managed 19 European real estate funds with over 230 properties and a total of €3.1 bn in assets under management.
Catella IM Benelux will in the future also manage other residential and commercial portfolios in the Netherlands, Belgium and Luxembourg.
The deal brings the number of European countries in which Catella has a local presence to 13.
The acquisition requires approval from financial regulator CSSF in Luxembourg.
