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

CATELLA AB (PUBL)

(CAT B)
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Catella : Residential IM hires Simon Günkel to strengthen its institutional sales capabilities

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09/17/2020 | 02:30am EDT

Catella Residential Investment Management GmbH (CRIM) has appointed institutional investment sales specialist, Simon Günkel (43), as an Executive Director in the company's Berlin office. Günkel joined CRIM on September 1, and will be responsible for institutional clients like insurer and pension fund clients.

Prior to joining CRIM, Günkel worked at European investment firms, Société Générale Securities Services (SGSS), Universal-Investment and AXA IM Germany, and has more than 10 years of experience in the industry, bringing in-depth knowledge of the capital allocation strategies of institutional investors. Günkel's expertise includes the structuring of real estate vehicles tailored to institutional investors' tax and regulatory profiles. He has a degree in economics from the University of Bochum.

Michael Fink, Managing Director CRIM, said: 'Catella is the largest cross-border residential real estate investment manager in Europe, with just over €4.0 billion in assets under management in a property sector that has expanded enormously for institutional investors in the pastyears. Residential has demonstrated its resilience and diversification benefits through strong outperformance relative to other sectors such as retail, offices and hotels, during the Covid-19 crisis, and we need the specialist skills of managers like Simon Günkelto meet the growing demand from institutional investors for the asset class. His long experience in managing institutional real estate mandates will play an important role in maintaining the pace of growth in Catella's European residential investment platform.'

Despite the severe economic and market challenges presented by the coronavirus pandemic, the investment fundamentals of the pan-European residential sector remain generally robust, due to the structural shortfall of affordable housing supply relative to demand in most major cities.

Simon Günkel, Executive Director CRIM, said: 'Catella's position as the leading pan-European residential investment manager was a key draw for me in my new role. I was also intrigued and attracted by Catella's €2.0 billion joint venture investment programme with French engineering company Elithis to build 100 energy-positive residential towers across European markets over the next 10 years. It is very clear to me that only real estate managers who put sustainability first and foremost in their investment strategies will be able to attract institutional capital in the future.'

ENDS

About Catella Residential Investment Management GmbH (CRIM)
Catella launched its first European residential fund in 2007 with a volume of more than €1 billion and it has since achieved an average net return for investors of 8.5% per year until the end of Q2 2020. The team also launched the first dedicated European Student Housing Fund in 2013.

CRIM is a subsidiary of the Stockholm-based Catella AB group and its residential real estate business comprises portfolio management, acquisitions, sales and asset management. CRIM manages and advises several funds and mandates and has assets under management of over €4 billion across 10 European countries.

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-residential.com W: https://www.catella.com/immobilienfonds

Disclaimer

Catella AB published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 06:29:04 UTC

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Financials
Sales 2020 2 013 M 226 M 226 M
Net income 2020 45,0 M 5,05 M 5,05 M
Net cash 2020 205 M 23,0 M 23,0 M
P/E ratio 2020 42,5x
Yield 2020 4,59%
Capitalization 1 930 M 216 M 217 M
EV / Sales 2020 0,86x
EV / Sales 2021 0,81x
Nbr of Employees 578
Free-Float 43,2%
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Mean consensus -
Number of Analysts 2
Average target price 30,00 SEK
Last Close Price 21,90 SEK
Spread / Highest target 37,0%
Spread / Average Target 37,0%
Spread / Lowest Target 37,0%
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NameTitle
Per Johan Claesson President, Chief Executive Officer & Director
Kurt Jan Erik Roxendal Chairman
Johan Damne Director
Joachim Hansi Gahm Independent Director
Anna Karin Ramel Independent Director
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