Catella Property Group reports a strong first half of 2008. The property transaction volume within the business area property advisory was €4.0 billion compared to €3.6 billion in the same period 2007.
"We have had a good start 2008 with several large transactions and for the full year 2008 we also foresee a high transaction volume in our advisory business even if the financial markets are unstable which of course affects us all," says Johan Ericsson, CEO of Catella Property Group.
Catella acted as advisor in property transactions with a value of €14.7 billion in 2007 with strong market positions in the Nordics, Belgium, France and Germany.
"Catella's profile as a real estate investment bank in the Nordics in combination with very experienced European corporate finance teams in the different markets gives us a competitive advantage in the current troubled market. We are since a couple of months engaged in several large European restructuring projects. It was in difficult times such as these in the 1990s in Sweden that Catella first opened its Property Advisory business in Sweden," says Ericsson.
Catella's property fund management operation, Catella Real Estate AG Kapitalanlagegesellschaft, has successfully launched two funds during the last year; Focus Nordic Cities and Bouwfonds European Residential Fund. Additional funds will be launched during the autumn.
Amplion Asset Management, Catella Property Group's asset management operation, has currently €1 billion in assets under management with a target to increase that volume to €3 billion within the next two to three years.