Catella: Property Funds closes 2021 with a € 260 million residential portfolio transaction in Denmark


CRIM purchased six properties, three in Copenhagen and three in Aarhus, comprising 311 apartments and 21 studios, as well as 30 parking spaces and three commercial units, for the CWE fund through the Munich-based AIFM platform, Catella Real Estate AG. Five other properties, one in Copenhagen and the others in Aarhus, comprising 304 units, 97 parking spaces and four commercial units, were acquired for the CER III Fund through the AIFM Vistra Fund Management SA platform.

CER III is the first SFDR Article 9 certified pan-European residential “impact fund” in the market, meeting the highest levels of compliance in sustainable and societal investment for the reference of the EU regulation on sustainable financial disclosure. The Fund’s environmental objective is to achieve a 100% reduction in carbon emissions over 10 years, while increasing access to affordable housing. Over 80% of the portfolio will be invested in affordable housing over the life of the fund. CER III also addresses the third pillar of “governance” of ESG investment by aligning stakeholder interests in the fund’s fee and risk structure to ensure Catella has “the skin of the game” alongside its investor clients. institutional.

Benjamin Rüther, Head of Fund Management at CRIM, said: “Denmark has long been one of our favorite countries for investments. CRIM made its first acquisition in the market about 10 years ago – this year alone we have invested around € 500 million in Danish residential assets in our funds. This is the fifth transaction. in Denmark this year and the acquired properties are expected to benefit from continued growth in the local multi-family market segment and strong demand in the two largest cities, Copenhagen and Aarhus. The portfolio also meets our sustainability ambitions with over 80 % of properties with an “energy rating A”. ”

Henrik Køhn, Partner, Director of Investments and Asset Management for Thylander, adds: “The Thylander team is proud to once again assist CRIM in the context of a major transaction. Thanks to our long-standing cooperation and structural alignment, we were able to process and execute one of this year’s biggest acquisitions in Denmark in a matter of months.

The properties purchased for CWE are:

Copenhagen:

Sigursgade: Two almost identical buildings completed in 2019, comprising 85 studios ranging from 31 to 33 m² and eight parking lots.

Robert Jacobsen Vej: Built in 2017, 106 apartments ranging from 56 to 118 m² and three commercial units.

Hundige Strandvej, (Strike): Built in 2020, a total of 22 apartments ranging from 99 to 132 m².

Aarhus:

Honningvaenget (Tilst): Built in 2019 comprising 53 apartments ranging from 43 to 80 m² with an average area of ​​58 m².

Pollenvaenget: The property comprises 45 apartments ranging from 48 to 104 m² with an average size of 65 m².

Grenavej: 21 two-storey terraced houses ranging from 111-120 m² with an average size of 116 m².

The five properties purchased for CER III are:

Copenhagen:

Nordre Fasanvej, (Frederiksberg): A student residence made up of 75 accommodation units ranging from 37 to 46 m² with an average apartment area of ​​39 m².

Aarhus:

Finderupvej: A four story property built in 2009 designed by renowned Danish architects CF Møller.

Kirkegårdsvej: The asset consists of three buildings built in 2007 with 104 apartments ranging from 44 to 71 m² and 79 underground parking spaces.

Vestergade: The five-storey property was built in 2005 and comprises 30 apartments.

Emiliedalen: The property was built in 2012 and is located in the attractive Aarhus suburb of Højbjerg and comprises 24 units.

Catella has been advised on transactions by Thylander. Accura Advokatpartnerselskab provided legal advice while X-Projects provided advice on technical issues.

About Catella Residential Investment Management GmbH (CRIM)

Catella launched its first European residential fund in 2007 with a volume of EUR 1.6 billion and has since achieved an average net return to investors of over 9% per year until the end of the third quarter of 2021. L he team also launched the first fund dedicated to European students. Housing fund in 2013.

CRIM is a subsidiary of the Stockholm-based Catella AB group and its residential real estate business includes portfolio management, acquisitions, sales and asset management. CRIM manages and advises several funds and mandates and has assets under management of 6.0 billion euros in 10 European countries.

For more information, please contact Financière Bellier:

Steve Hays: steve.hays@bellierfinancial.com

Emma Villiers: emma.villiers@bellierfinancial.com

T: +31 (0) 20 419 09 01