Phenomenal growth in the Russian real estate investment market and large assignments from clients has led Catella Property Group to open a new office in Moscow. The Swedish property advisor and provider of asset management services said that the Russian market is 'booming' and on the verge of taking off 'with transaction volumes in 2006 exceeding those of 2003, 2004 and 2005 combined'.
Phenomenal growth in the Russian real estate investment market and large assignments from clients has led Catella Property Group to open a new office in Moscow. The Swedish property advisor and provider of asset management services said that the Russian market is 'booming' and on the verge of taking off 'with transaction volumes in 2006 exceeding those of 2003, 2004 and 2005 combined'.
Catella will operate in Russia under the brand Catella Corporate Finance and it's office in Puskin Square in the city centre will be open from 1 April. 'Catella offers a different kind of service to the existing property consultants. We see ourselves more as an investment bank than a pure brokerage house,' said Lennart Schuss, deputy chief executive of Catella's financial advisory group in Stockholm.
In 2006, Catella acted as advisor in property transactions with a value of approximately EUR 11.3 bn and it assisted in investment transactions valued at EUR 26.1 bn from 2002 to 2006. It has offices in Belgium, Denmark, Finland, France, Germany, Latvia, Lithuania, Luxemburg, Norway, Russia, Sweden and the UK.
