Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Catella AB (publ)
  6. News
  7. Summary
    CAT B   SE0000188518

CATELLA AB (PUBL)

(CAT B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Catella : Property Consultants advises Commerz Real on the sale of a commercial building in Gießen

06/07/2021 | 06:53am EDT
7 June 2021, Germany | Corporate Finance | News
Catella Property Consultants advises Commerz Real on the sale of a commercial building in Gießen

Commerz Real has sold the commercial building Seltersweg 83-85 in Gießen to the local project developer and property owner Faber & Schnepp.

The latter plans to convert the building, which dates back to 2006 and has more than 4,100 m² of lettable space, into a residential and commercial building. A food market and a market hall are to be built on the ground floor, formerly used by the shoe retailer CCC and the fashion retailer The Sting. Above that, a municipal kindergarten and six to eight condominiums are planned. Faber & Schnepp wants to keep the commercial part in its own portfolio, and the conversion is to be completed by mid-2023.

The building, which was only 20% let since CCC's insolvency, had been in the portfolio of Commerz Real's open-ended real estate fund Hausinvest since 2019, for which Catella Property Consultants acted as advisor.

Christian Rosen, Head of Investment Munich, Catella Property Consultants: 'The revitalisation of previously flawless retail properties in prime locations requires creative approaches, a constructive environment and close cooperation between the players involved. The example of Gießen shows how it can also work successfully in other locations. Many thanks to all those involved!'

For more information please contact:

Claudia Kimmel
Marketing & PR Manager
Catella Property Consultants GmbH
T +49 30 310193 217
claudia.kimmel@catella.de

Disclaimer

Catella AB published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 10:52:07 UTC.


© Publicnow 2021
All news about CATELLA AB (PUBL)
07/28CATELLA : European Residential Fund III acquires two fully- let residential buil..
PU
07/21CATELLA : Retail portfolio High Street Retail
PU
07/21CATELLA : Hub and Flow - Mer
PU
07/21CATELLA : Future of Work
PU
07/19CATELLA INFOGRAPHIC : The Rise of Resi
PU
07/16CATELLA : Wohnen Europa Fund buys 234-unit residential complex in Aarhus, Denmar..
PU
07/13CATELLA : Logistics Market Map Germany and Austria 2021
PU
07/13CATELLA : Logistics Market Map Germany and Austria 2021
PU
07/08CATELLA : EKE-Construction Ltd sold a new office property located in Espoo
PU
07/08CATELLA : makes fourth investment in Swedish logistics properties through Infrah..
AQ
More news
Financials
Sales 2021 1 713 M 199 M 199 M
Net income 2021 57,0 M 6,63 M 6,63 M
Net cash 2021 176 M 20,5 M 20,5 M
P/E ratio 2021 43,7x
Yield 2021 3,03%
Capitalization 2 618 M 304 M 304 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,20x
Nbr of Employees 543
Free-Float 44,3%
Chart CATELLA AB (PUBL)
Duration : Period :
Catella AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CATELLA AB (PUBL)
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 2
Last Close Price 29,70 SEK
Average target price 45,00 SEK
Spread / Average Target 51,5%
EPS Revisions
Managers and Directors
Christoffer Abramson President & Chief Executive Officer
Mattias Brodin Chief Financial Officer
Kurt Jan Erik Roxendal Chairman
Joachim Hansi Gahm Independent Director
Anna Karin Ramel Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CATELLA AB (PUBL)10.15%309
BLACKROCK, INC.19.29%132 407
BROOKFIELD ASSET MANAGEMENT INC.27.90%82 472
UBS GROUP AG20.29%57 578
T. ROWE PRICE GROUP, INC.33.99%46 267
BANK OF NEW YORK MELLON CORPORATION (THE)20.88%44 281