Global property consultant Catella Real Estate has acquired a commercial real estate portfolio in Kiel in the German state of Schleswig-Holstein for around EUR 27mln. The seller is a holding company controlled by a joint venture between Morgan Stanley's real estate funds MSREF and Pirelli Real Estate. The acquisition is earmarked for Catella's two open-ended real estate funds, Nordic Cities and Bouwfonds European Residential.
Global property consultant Catella Real Estate has acquired a commercial real estate portfolio in Kiel in the German state of Schleswig-Holstein for around EUR 27mln. The seller is a holding company controlled by a joint venture between Morgan Stanley's real estate funds MSREF and Pirelli Real Estate. The acquisition is earmarked for Catella's two open-ended real estate funds, Nordic Cities and Bouwfonds European Residential.
