Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have sold a German-Dutch residential real estate portfolio to ZBI Group. The portfolio was sold on behalf of the Catella European Residential and Catella Wohnen Europa funds. The portfolio comprises 26 properties in Germany and eight in the Netherland offering some 4,000 apartments with a total rental area of around 256,000m².
Michael Keune, Managing Director at CRIM, commented: “We are pleased to have successfully completed this disposal with the ZBI Group which is in line with the CER and CWE funds’ strategy to streamline their respective portfolios."
