Continental Europe, The Netherlands
CBRE Advises Catella on Sale of Large-Scale, Cross-Border European Residential Real Estate Portfolio
September 9, 2022
CBRE acted as advisor to Catella on the sale of a German-Dutch residential real estate portfolio to ZBI Group (ZBI) for the open-ended real estate retail fund AIF UniImmo: Wohnen ZBI.
The portfolio is the second- largest cross-border European portfolio sale ever in the residential sector. ZBI made this strategic acquisition as a new market entrant in the Netherlands to develop its international expansion.
The portfolio was sold on behalf of the Catella European Residential (CER) and Catella Wohnen Europa funds (CWE) funds and comprises 34 properties across Germany (26) and the Netherlands (8), consisting of ca. 4,000 apartments at locations with good socio-economic growth prospects.
CBRE acted as exclusive Commercial, Financial and Technical real estate advisor on behalf of seller Catella, with an integrated European team of CBRE Capital Advisors, Capital Markets, and Development Services specialists across both countries.
CBRE was the advisor to Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG), subsidiaries of the Stockholm-based Catella AB Group (Catella).
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.