Catella Investment Management has acquired a residential project in Bamberg, Germany, from Instone Real Estate, which will provide 35 rental apartments and align with ESG criteria.

Target Information

Catella Investment Management (CIM), based in Berlin, has successfully acquired a residential development project located in Bamberg, a city in northern Bavaria. This acquisition took place under an individual mandate, previously finalized with the seller, Instone Real Estate. The project consists of two buildings that together will provide approximately 2,370 square meters of residential space and an additional 583 square meters of commercial space on the ground floors. The development includes 35 planned residential units, offering a mix of 17 two-room and 18 three-room apartments. With the necessary planning permissions already granted, construction is set to commence in early 2025.

According to Michael Keune, Managing Director of CIM, despite the ongoing challenges present in the market, they are identifying selective opportunities for residential investments within Germany. The acquisition of the two buildings in Bamberg represents a strategic addition to their portfolio in a commercially favorable environment. Moreover, these buildings adhere to the environmental, social, and governance (ESG) criteria valued by their investors.

Industry Overview

The real estate sector in Germany, particularly in the residential construction domain, has faced significant fluctuations in recent years, yet remains resilient. Germany continues to experience urbanization and population growth, especially in cities like Bamberg that offer r