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ARTICLES TAGGED WITH "Catella"

Reasons Behind the French Divestment

Nordic — Catella divests its 50.1 percent holdings in its French subsidiary Catella Asset Management SAS for a cash purchase price of SEK 154 million. Timo Nurminen, Head of Property Investment Management at Catella, tells Nordic Property News about the decision, how they performed in 2020, and how Catella will continue to strengthen the property operations.

“The Danish Real Estate Environment Has Changed Fundamentally“

Denmark — The world’s oldest and largest international network of real estate experts, ULI, launches in Denmark. Jesper Bo Hansen, Head of Corporate Finance, Catella, will be the new Chair serving a two-year term on a voluntary basis. To Nordic Property News he talks about the benefits, the main focus, and the major challenges on the Danish property market.

Catella Divests Property Asset Management-Operations in France

Sweden — Swedish property advisor Catella divests its 50.1 percent holdings in its French subsidiary Catella Asset Management SAS for a cash purchase price of SEK 154 million. The divestment will have a positive effect on profit after tax, including transaction costs, of approximately SEK 122 million during the first quarter of 2021.

Belgian Investor Cofinimmo Buys Care Home from Fincap

Finland — Cofinimmo continues its expansion in the Finnish healthcare real estate sector with the acquisition of a nursing and care home under construction in Vantaa, in the Helsinki metropolitan area.

These Are the Hottest Locations and Segments in Southern Sweden

Sweden — The Öresund region continues to grow strongly and attract the attention of both domestic and foreign investors. Fredrik Dackheden, Director at Catella, tells Nordic Property News about the interest in the Öresund market, which segments and regions are the hottest and what the foreign interest looks like.

KY Foundation Divests Landmark Property in Helsinki City Centre

Finland — The Foundation for Business Students in Aalto University (KY Foundation) has sold an office property, which is known as the KY Building and located at Pohjoinen Rautatiekatu 21 in the Helsinki city center.

Winners and Losers on the Finnish Transaction Market

Finland — Antti Louko, Managing Director at Catella Finland, on the current trends on the Finnish investment market; how the pandemic has affected the transaction pace, and whether the vacancy rates will increase in 2021. “Still a lot of foreign interest towards Finland.”

Catella Credi: Credit Market Sentiment Turns Cold as Credit Margins Increase

Nordic — Banks turned bearish towards the property sector as credit margins increased while the stock market for property-related shares soared amidst positive vaccine trials, Catella writes in their Credi report.

Belgian Investor Enters Finland – Acquires Healthcare Property in Vaasa

Finland — Cofinimmo is listed on Euronext Brussels and the transaction with FinCap is the company’s first investment in Finland. The property has been fully leased to Mehiläinen with a long lease agreement.

Renor Sells Historic Office Building in the Centre of Tikkurila

Finland — Renor LTD divests a newly developed historical office building and a share of a parking facility in the same Silkki block in the centre of Tikkurila. The buyer is Non-UCITS Fund Aktia Commercial Properties

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

Finland — 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.

Tre Kronor Continues to Acquire in Norway

Norway — Through subsidiaries, Tre Kronor has signed an agreement to acquire a property in Andebu, ten kilometers south of Oslo.

LaSalle Acquires Landmark Property in Helsinki for EUR 45.5 Million

Finland — OP Life Assurance Company Ltd’s has made a divestment of a historic landmark office property in the centre of Helsinki to global LaSalle Investment Management.

Schroder Completes Acquisition of Two Office Buildings in Copenhagen

Denmark — Schroder acquires two office buildings totalling 32,800 sqm in Valby in Copenhagen.

Senate Properties Sells in Helsinki

Finland — Catella acted as Senate Properties’ advisor in the divestment of shares of property in Merihaka, Helsinki.

The US Plans for the Attractive Copenhagen Quarter

Denmark — Hines has secured a major debt financing package for the Trinity Quarter redevelopment at Copenhagen’s Købmagergade. James Robson, Managing Director of the US investor Hines’ Nordic operations, tells Nordic Property News about the redevelopment plans and how the refinancing took place.

“Demand for High Quality Assets Are Still High”

Finland — Christoffer Sundberg from Cobbleyard Real Estate on the global interest for the Finnish property market, and how long it took for Cobbleyard to divest the assets in Tampere.

Varma Sells Two Properties in Oulu and Lappeenranta

Finland — Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in a sale of Lappeenrannan Kodinkeskus retail property.

Quadoro Acquires Two High-Quality Office Properties in Tampere

Finland — Investors represented by Cobbleyard Real Estate and Revcap have divested two modern office properties located in the Hervanta office area in Tampere to a fund managed by Quadoro Investment Gmbh.

Catella Procures Debt Financing

Denmark — Catella procures debt financing for Hines’ unique redevelopment project of a hotel and retail in central Copenhagen.

Catella on Nuveen's Growing Interest in the Nordic market

Denmark — Catella were the advisors to Bach Gruppen in the €100 million sale of a premium student housing project in Copenhagen to global investors Nuveen. Morten Gustafson, Director of Catella Corporate Finance, tells all about the major deal and why the buyer is likely to do more business in Denmark and the rest of the Nordics.

Catella: Credit Sentiment Improves as Corporates Expect Strong Recovery

Sweden — In the July issue of Catella's CREDI, the Main index increases from 33.7 to 40.4 as corporates have strong expectations of a near future recovery while the current situation is deemed gloomy by both banks and corporates.

HGR Purchases Helsinki City Block from Senate Properties

Finland — Senate Properties sells a property, which comprises an entire block in the Helsinki city centre. The buyer is a Finnish real estate development company HGR Property Partners Oy.

Catella Invests to Develop Logistic Property in Norrköping

Sweden — Catella invests MSEK 500 to develop a logistic property in the municipality of Norrköping together with the former owners of Royal Design. The transaction is conditional on the granting of building permits.

Athanase Becomes Majority Owner in Catella Fondförvaltning

Sweden — Catella enters into a strategic partnership with Athanase, with the object to further develop and enhance the client offering through Catella Fondförvaltning. In conjunction, Athanase acquires 70 percent of the shares in Catella Fondförvaltning (“CFF”) for cash consideration of SEK 126-154 million, depending on CFF’s development until the transaction date.