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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 : Wohnen Europa Fund Passes €1 billion Milestone with Helsinki Residential Acquisition

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09/23/2020 | 03:35am EDT

Berlin, September 22, 2020 -Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund via their AIFM platform together with Catella Asset Management Oy. This takes the CWE assets under management in Finland to almost €100 million and the vehicle's total AUM across European markets past the €1.0 billion milestone.

The 39 residential units, located at Yhteiskouluntie 3 in the Finnish capital, were purchased from Avant Capital Partners. The complex was completed in August 2020 and comprises ca. 2,170 sqm of leasable area.

Benjamin Rüther, Head of Fund Management at CRIM, said: 'Catella's European Residential Network goes from strength to strength and our local market knowledge and pan-European network of offices enable us to source and acquire quality assets for the funds we manage - in a market sector which continues to be highly sought after by investors, despite Covid-19. This transaction further strengthens the composition of our portfolio in Finland. More than 70% of our Finnish assets are located in and around Helsinki and the Finnish properties rank as the newest in the CWE Fund's portfolio with an average age of eight years.'

Jussi Rouhento, Managing Director at Catella Asset Management Oy, added: 'The fundamentals of residential investments in the Helsinki metropolitan area remain strong. We are very proud that the Catella Group is able to complete transactions during these challenging times and add the type of modern and affordable housing to our portfolio that is in such high demand in the Finnish market.'

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

Catella Asset Management Oy

Jussi Rouhento

Managing Director

M: +358 40 512 9577

Disclaimer

Catella AB published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 07:34:04 UTC


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Financials
Sales 2020 2 013 M 230 M 230 M
Net income 2020 45,0 M 5,15 M 5,15 M
Net cash 2020 205 M 23,5 M 23,5 M
P/E ratio 2020 42,5x
Yield 2020 4,59%
Capitalization 1 941 M 222 M 222 M
EV / Sales 2020 0,86x
EV / Sales 2021 0,82x
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%
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NameTitle
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
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