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The asset, located in Bahnstadt in Heidelberg, was acquired from Kreer Development. The complex will be completed in the first quarter of 2023 and will include 108 residential units and 1,340sqm of ground floor retail spread over two separate buildings. CRIM said the latest deal lifts the total assets managed for the mandate to more than €800m. The mandate, structured as a German institutional fund, invests in four countries across Europe. Michael Keune, managing director Catella Residential Investment Management, said: “This latest addition to the European portfolio of our institutional ...

Catella Residential IM buys €50 mln energy-efficient apartments project in Heidelberg 2021-03-10 8:24 CET, Europe, Germany | Property Investment Management | Press release Catella Residential IM buys €50 mln energy-efficient apartments project in Heidelberg Berlin-based Catella Residential Investment Management (CRIM) has acquired a €50 million energy-efficient apartments complex project in Heidelberg, in one of the largest and most sustainable urban developments in Germany, on behalf of a separate mandate for a southern German pension fund. The investment will lift total asset...