Berlin-based Catella Investment Management GmbH (CIM) announces the acquisition of two completed new-build properties in Hanover, Germany. The transaction was carried out for an individual mandate and together with the KVG platform Catella Real Estate AG (CREAG) for the Catella European Residential fund. Catella European Residential (CER) is managed by Catella Investment Management GmbH as investment advisor, while Catella Real Estate AG acts as KVG platform. The real estate assets of CER currently amount to approx. €1,385 million euros. The seller is PHI Kronsrode Grundstücks GmbH. The total sales volume is above €50 million.
A total of 154 residential units–including 102 privately financed apartments and 52 subsidized apartments– as well as six commercial units and a daycare centre with a lettable area of around 12,060 square meters were built in accordance with the KfW-55 standard on the plots in the Kronsrode development area in Hanover. The buildings were completed by the end of 2024 respectively in the first quarter of 2025. The mobility concept includes numerous bicycle parking spaces with e-bike charging facilities, 148 car parking spaces on the site, optimal public transport connections and car-sharing services.
Source: catella.com on 10 July 2025
https://www.catella.com/en/germany/news-and-press-releases/press-releases/2025/catella-investment-management-completes-the-acquisition-of-two-new-buildings-with-154-modern-apartments-in-hanover-germany