Catella Investment Management completes 4 property acquisitions in Spain

Catella Investment Management of Sweden has closed its first four acquisitions in Spain at a value of EUR84 million. The transactions were done on behalf of Belgian developer and investor Mitiska and the residential fund Catella Wohnen Europa.
Catella’s investment management team in Spain assisted Belgian developer and investor Mitiska in the acquisition of the retail park Portal Mediterráneo, located in Castellón. Catella sourced the deal, acted as advisor in the acquisition process and will remain as strategic asset manager for the property.
The Spanish team also acquired three residential properties, located in Madrid and Barcelona, on behalf of one of Catella’s residential funds, Catella Wohnen Europa, which is a new residential pan-European fund with a broad-based investment strategy offering a unique risk/return profile.
“We are very pleased with the successful development of our newly established investment management platform in Spain, under the leadership of Javier Hortelano de la Lastra. Spain is a strategically important market for Catella and our team in Spain has extensive experience of the Spanish and European real estate investment business and in-depth knowledge of the local Spanish market”, sais Timo Nurminen, Head of Property Investment Management at Catella.
“Catella manages all phases of the value creation process in property, for both cross-border and local investors – from analysis through transaction, acquisition, financing, strategic management and, finally, exit. The completed deals demonstrates Catella’s broad offer within property,” said Javier Hortelano de la Lastra, Head of Investment Management in Spain.