21 September 2019 – Catella Asset Management Iberia has launched a second fund, Catella European Student Housing Fund II (CESHF II), specialising in student residences. The fund, which already has 100 million euros in its war chest, expects to raise up to €250 million over the next two years. CESHF II will invest in university cities with the potential for growth in Germany, Austria, France, the Netherlands, Belgium, Luxembourg and Spain, along with possible investments in the United Kingdom, Denmark, Portugal and Poland. The fund is aiming for broad diversification and a total of around 20 assets.
The new fund’s first acquisition was a 208-flat student residence in the German city of Mannheim. The building can accommodate up to 313 students and was recently built in a newly-developed area of the city, Franklin Areal.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner