Munich-based investment manager Catella Real Estate launches a new real estate fund, Catella Bavaria. The fund will focus on the metropolitan areas of Munich and Nuremberg, with an equity target of €250m.
Investment in the new fund is reserved for experienced retail investors as well as semi-professionals wishing to commit at least €100,000. The intention is to acquire core and core+ properties valued at €5m or more.
“The metropolitan regions of Nuremberg and Munich are the showcases of Bavaria. The area around Munich is benefiting from population growth, resulting in a shortage of affordable housing in the city. This long-term trend leads to stable price performance. With its strong economy, the Nuremberg metropolitan area enjoys sustained positive development,” says Dr Thomas Beyerle, Group Head of Research at Catella.
Catella Bavaria will complement its predecessor fund, Catella Max, which focuses on Munich. The new fund has greater flexibility in terms of sectoral and regional allocation. In addition to the wider geographic allocation, investments in the residential, office and retail types of use will help achieve a balanced risk/return profile.
