Catalyst Capital, the European real asset investment and asset management firm, has revealed its appointment by France’s Norma Capital as investment adviser and asset manager for a new fund targeting small-lot-size properties in the UK, Germany and Poland.
NCap Continent is an open-ended SCPI targeted at retail investors with a projected investment capacity of €500 mln.
Through Catalyst, which has established, teams in the three countries, it will invest in smaller-size, long income-producing properties, valued at €5 -15 mln in the office, food-anchored retail and industrial sectors.
The properties will be core and core-plus with long-term income, good covenants and strong sustainability credentials in line with Norma Capital’s ESG policy. Catalyst will target main cities and net initial yields of at least 5.5%.
Norma Capital said NCap Continent was targeting the most buoyant European markets, with great market opportunities.
Fabrice de Clermont-Tonnerre, a partner of Catalyst Capital, said: ‘We believe the current environment provides an excellent opportunity to acquire assets with sustainable income in good and strong locations. This is a time in the cycle when investors are seeking secure income.’
