Catella and Kriton Immobilien GmbH have jointly established the asset management company “Catella Asset Management” (CAM). The company will focus on office and retail properties as well as buildings earmarked for conversion into residential properties. The emphasis is on properties with potential value-add. The aim is to leverage the long-term earnings potential of properties located in Germany’s high-growth regions through active asset management and to unlock this potential for investors.
Catella Asset Management will be headed by Andreas Hauff and Nicolas Hartel. A joint team of specialists from both founding companies will look after all investor interests in future.
Henrik Fillibeck, member of the Managing Board of Catella Real Estate AG, explains the decision to establish a separate asset management company: “Kriton has specialised experience in identifying and leveraging the value-add potential of real estate. During the current market phase, high national and international demand for properties in the core segment with fixed long-term rentals has led to a price situation where the risk-return profile of properties with asset management potential is becoming increasingly more attractive. Not only does a regional presence with local expertise offer the opportunity to generate higher returns, it also increases investment security, because the value-add potential is leveraged at the outset for a foreseeable period. In this context, manage-to-core prospects unlock the potential to realise increases in value quickly. A service for third parties is that management fees generate regular income while profit sharing provides performance-related incentives.”
“Kriton has joined forces with an experienced partner with international activities with whom major single investments, as well as large portfolio deals, can be realized,” says Andreas Hauff, one of the Managing Directors at Kriton. “Catella supports our approach of applying proactive management, especially for investors without operational activities, by remodelling distressed properties, enhancing their rental potential and reselling them at a profit within a short to medium-term horizon.”
