Catella, a leading provider of property investment advisory in twelve European markets, increased its transaction volumes by some 30 per cent to €14.7 billion in 2007. “Our increase in volumes was exceptional during the second half, despite the general setback in the market caused by the credit crunch”, says Johan Ericsson, CEO of Catella Property Group.
Most of the twelve European countries where Catella Property Group operates reported an increase in sales. Transaction volumes completed by the group amounted to €3.6 billion during the first six months of the year and leapt to €11.1 billion during second half. The last quarter was particularly strong with deals closed of €5.9 billion.
“We have adopted a very focused strategy within all our teams in the Group”, says Mr Ericsson. “The diverse expertise within our various teams, that includes investment banking and corporate finance skills, has set us apart from our competitors and the clients have clearly responded to this very positively”.
“We are determined to maintain this strategy and position ourselves so as to capitalise during market turbulence”, he continued. “Our instruction book for 2008 is already very encouraging”.
“We are continually evaluating new markets which offer the right opportunities and high potential. I expect that we will open several offices over the next 24 months presupposing that we find the right high calibre partners”.
Catella Property Group’s transaction volumes grew to €14.7 billion in 2007 from €11.3 billion in 2006 and €9.3 billion in 2005.