Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Catella AB (publ)    CAT B   SE0000188518


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Catella : Dutch Residential Fund II buys Gerlachus Senior Living Complex in Maastricht for €37 Million from Ferox

10/05/2020 | 04:50am EST

The Catella Dutch Residential Fund II has acquired the Gerlachus residence in Maastricht for around €37 million from the Ferox Real Estate Group. The former Sint Gerlachus retirement home is being completely renovated and will provide 130 senior living homes in a prime location close to the centre of Maastricht. The first residents will move in this autumn, with the project expected to be completed by early 2021.

Catella Investment Management Benelux (CIMB), the fund's Dutch investment advisor, was responsible for the deal.

Ralph Willems, Senior Acquisition Manager CIMB, said: 'As European populations live longer, it is imperative that we provide well-designed, modern apartments suitable for the needs of people who remain vital as they grow older. The Gerlachus residence offers a hybrid living approach, blending comfortable apartments with care facilities, if needed, as well as other services. The Catella Dutch Residential Fund II now has nearly €170 million of assets under management, strengthening Catella's position as an important player in the senior living and affordable private rental sector in the Netherlands.'

The Gerlachus residence is being comprehensively refurbished to meet the latest requirements of senior-friendly apartments. The ground floor will comprise a number of communal facilities including a lunchroom and a recreation space. It will also include a physiotherapy practice and exercise room for residents of the complex as well as local inhabitants. Nursing home operator Envida will occupy an office in the building to provide individual care and other services to residents of the Gerlachus complex.

Kevin Egenolf, member of the management team at Ferox, said: 'Our goal was to create a better experience for residents, and with Envida, a leading nursing home operator, we have developed a senior living hybrid, where residents have the benefits of being in their own home, while also having access to all the services a care facility offers, enabling people to live at home longer. PRM has supported us as a project manager in realising this goal.'

Catella's European Residential Network represents the largest cross-border residential property investment platform in Europe with total assets under management of €4.2 billion.

Law firm AKD and Bremen Bouw Adviseurs (Bremen) advised CIMB on this transaction. Boels Zanders advised Ferox and PRM acted as project & transaction manager on behalf of Ferox.


About Catella Investment Management Benelux (CIMB)
Catella Investment Management Benelux (CIMB), located in Maastricht, is part of the Catella group, an independent financial advisor, fund and asset manager with approximately 550 employees in 14 countries. Our parent company Catella AB is listed on Nasdaq Stockholm in the mid-cap segment.

CIMB is the local office that offers acquisitions and asset management to all Catella funds in the Netherlands, Belgium and Luxembourg. We also actively participate in the initiation of new funds such as the Catella Dutch Residential Fund II and the Catella European Residential Fund III. CIMB currently has approximately €1.2 billion in assets under management in the Benelux and expects to make acquisitions in 2020 totalling €300 million.

About Catella Dutch Residential Fund II (CDR II)
Catella Real Estate AG launched Catella Dutch Residential Fund II in the third quarter of 2018 as the successor to the successful 'Phanta Rhei Dutch Residential Fund'. CDR II is an open, special core real estate fund that mainly invests in economically strong regions in the Netherlands and Belgium. The focus is on a broadly diversified, growth-oriented residential portfolio including senior housing and student housing.

For further information contact:

Lisette van der Ham
Head PR & Corporate Communications
Catella Residential Investment Management GmbH
Upper West, Kantstraße 164, 10623 Berlin
M: +31 (0)6 83200561
E: Lisette.vanderham@catella-investment.com
W: https://www.catella.com/immobilienfonds

Ralph Willems
Sr. Acquisition Manager
Catella IM Benelux (CIMB)
Kruisdonk 66
NL-6222 PH Maastricht
M: +31 (0)6 28945516
E: ralph.willems@catella.nl

About Ferox Real Estate Group
Ferox Real Estate Group is a leading project developer in Germany and the Netherlands with a focus on the revitalization and renovation of commercial and residential real estate. With a proven track record of over 25 years and approximately €700 million in completed projects, the company is active in the areas of project development, management and investment. The range of services covers the entire life cycle of real estate - from the basic concept through planning and financing to professional implementation and sale or rental. The company invests between €50 and €100 million per year in new projects and employs 25 people.

For further information contact:

Kevin Egenolf
Executive Partner
Ferox Projektentwicklung GmbH & Co. KG
Am Buschhäuschen 19
42115 Wuppertal, Germany
M: +49 173 7071792
E: egenolf@ferox-ig.de
W: https://www.ferox-ig.de

Roland Rompelberg
Managing Director
Ferox Gerlachus BV
Kruisdonk 66
NL-6222 PH Maastricht
M: +31 (0)6 53921685
E: rompelberg@ferox-tower.nl W: https://www.ferox-tower.nl


Catella AB published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2020 08:49:01 UTC

© Publicnow 2020
All news about CATELLA AB (PUBL)
12/03CATELLA : Credit market sentiment turns cold as credit margins increase
12/02CATELLA : European Residential sells Dutch portfolio to Woonhave N.V. for over €..
11/26CATELLA : European Residential Market Map Q3 2020
11/25CATELLA : Nominating Committee pending the 2021 Annual General Meeting
11/25CATELLA : Nominating Committee pending the 2021 Annual General Meeting
11/23CATELLA : CER III Fund Buys Residential Developments in Austria and The Netherla..
11/19CATELLA : Notice of extraordinary general meeting of shareholders in Catella AB ..
11/19CATELLA : Notice of extraordinary general meeting of shareholders in Catella AB ..
11/19CATELLA : Extendam and Catella Hospitality Europe acquire the largest Holiday In..
11/13CATELLA : acted as FinCap's financial advisor in the sale of a healthcare proper..
More news
Sales 2020 2 107 M 250 M 250 M
Net income 2020 186 M 22,0 M 22,0 M
Net cash 2020 262 M 31,1 M 31,1 M
P/E ratio 2020 12,8x
Yield 2020 4,51%
Capitalization 2 369 M 281 M 281 M
EV / Sales 2020 1,00x
EV / Sales 2021 0,97x
Nbr of Employees 579
Free-Float 39,4%
Duration : Period :
Catella AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CATELLA AB (PUBL)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus -
Number of Analysts 2
Average target price 32,00 SEK
Last Close Price 26,80 SEK
Spread / Highest target 19,4%
Spread / Average Target 19,4%
Spread / Lowest Target 19,4%
EPS Revisions
Per Johan Claesson President, Chief Executive Officer & Director
Kurt Jan Erik Roxendal Chairman
Christoffer Abramson Chief Financial Officer
Johan Damne Director
Joachim Hansi Gahm Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK, INC.42.32%109 558
UBS GROUP AG5.44%51 615
T. ROWE PRICE GROUP INC.20.25%33 175