Asset Management

European Groups Dig Foundations For Real Estate Business

Robbie Lawther Reporter 27 February 2018

European Groups Dig Foundations For Real Estate Business

The firm will provide asset management services focusing on office and retail properties.

Luxembourg banking group Catella and German real estate manager Kriton Immobilien have jointly established the asset management company Catella Asset Management (CAM). 

This is in response to growing demand for advisory services in professional real estate management for national and international investors. The new company will offer its expertise also to third parties in the German market for the first time, CAM said in a statement.

Catella Asset Management operates in the market as a asset management services provider, focusing on office and retail properties as well as buildings reserved for conversion into residential properties. 

The aim is to leverage the long-term earnings potential of properties located in Germany's high-growth regions through active asset management and to unlock this potential for investors.

Catella Asset Management will be headed by Andreas Hauff and Nicolas Hartel. A joint team of specialists from both founding companies will look after all investor interests in the future.

"In Catella, Kriton has joined forces with an experienced partner with international activities with whom major single investments as well as large portfolio deals can be realised," says Andreas Hauff, managing directors at Kriton. "Catella supports our approach of applying proactive management, especially for investors without operational activities, by remodelling distressed properties, enhancing their rental potential and reselling them at a profit within a short to medium-term horizon."

Catella has been operating in the professional real estate market for more than 30 years. Catella, which has around €5.6 million ($6.9 million) in real estate assets under management, has activities in 14 countries.

Kriton has been an independent real estate investment manager in Germany for the past 10 years. The firm has current assets under management of around €430 million.

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