STOCKHOLM, March 21, 2018 /PRNewswire/ --
Catella's Iberian real estate asset management platform,
Catella Asset Management Iberia (Catella AM), has
exceeded EUR 200 million in assets
under management, strengthening its presence in value-add assets
and alternative investments. Catella AM is part of Catella's
Property Investment Management business area, with in total
EUR 5,6 billion in assets under
management. Following the acquisition of the Planetocio shopping
and leisure centre in Madrid,
Catella AM has successfully completed its tenth transaction in
Spain, where it operates in the
residential, retail and student housing sectors.
Catella AM continues its investment programme in the
Iberian market in several sectors, including residential, retail,
office and alternative investments (student housing and others
currently under assessment) with the aim of investing an additional
EUR 300 million over the next two
years. Within its first two years of operations, Catella AM has
completed ten transactions in the Spanish market. Its first
investments consisted of residential properties for the rental
market, including five residential buildings, four in Madrid and one in Barcelona, for an approximate value of
EUR 85 million. In addition, several
transactions were made in the retail sector, including the Portal
Mediterráneo retail park in Castellon together with Mitiska Reim;
the El Manar retail park in Valencia together with a fund managed by
Aberdeen Standard; the Pinatar Park retail park in south Alicante
together with Castellana Properties Socimi; and Planetocio in
Madrid together with AEW, acting
as the local asset manager.
As part of our strategy of investing into asset classes and
sectors undergoing a clear transformation, such as value-add and
alternatives, Catella AM recently also acquired the La Campana
student residence in Pamplona on behalf of the Catella Student
Housing Fund. Catella AM is also the asset manager for this
property.
About Catella Property Investment Management
Catella is a leading specialist in property investment
management in Europe. We offer
institutional and other professional investors attractive,
risk-adjusted returns through property asset management and our own
property funds. Operations are run by local teams in nine markets,
who together offer our clients comprehensive knowledge of the local
property markets combined with European reach. Catella manages all
phases of the value creation process in property investment, from
identification of projects and acquisition to financing, strategic
management and, ultimately, sale.
Catella AM is a company that manages investments and real estate
assets in Spain and Portugal on behalf of funds managed by the
company itself, as well as for Spanish and international
institutional investors. The operations are focused on acquisitions
and development of real estate assets for residential and
commercial use.
www.catella.com/en/Spain/AssetManagement/
More information:
Javier Hortelano de la Lastra
Managing Director & Partner Catella Asset Management
+34 629140865
javier.hortelano@catella.es
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