Catella KAG's Focus Nordic Cities has become one of the fastest growing property funds in Germany. Since the launch in September 2007 the fund has experienced a constant inflow of equity, growing from EUR 33 mln to close to EUR 270 mln in six months.
Catella KAG's Focus Nordic Cities has become one of the fastest growing property funds in Germany. Since the launch in September 2007 the fund has experienced a constant inflow of equity, growing from EUR 33 mln to close to EUR 270 mln in six months.
'In parallel with the raising of money to the fund we have been able to purchase properties with a total volume of close to EUR 200 mln in Norway, Sweden, Finland, Estonia, Latvia and Northern Germany. We expect to close more transactions within the next coming weeks', said Andreas Kneip, CEO of Catella KAG.
Earlier this week, the fund manager also amended the launch of its second fund in a joint venture with Bouwfonds Asset Management. The new investment vehicle, Bouwfonds European Residential Fund, primarily targets institutional investors and is the first open-ended German fund offering exposure to pan-European residential markets.
