Purchase for the ‘Catella European Residential’ fund as well as for individual mandate
Berlin-based Catella Investment Management GmbH (CIM) announces the purchase of two completed new-build properties in Hanover. 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 an investment advisor, while Catella Real Estate AG acts as a KVG platform. The real estate assets of the CER currently amount to approx. 1,385 million euros. The seller is PHI Kronsrode Grundstücks GmbH. The total purchase volume is over EUR 50 million.
By the turn of the year or in the first quarter of 2025, a total of 154 residential units, including 102 privately financed apartments and 52 subsidised apartments, as well as six commercial units and a daycare centre with a total lettable area of approx. 12,060 square metres had been built according to KfW 55 standards on the plots in Hanover’s Kronsrode development area. The mobility concept includes numerous bicycle parking spaces with e-bike charging facilities, 148 car parking spaces on the site, optimal connections to public transport and car sharing services.
Michael Keune, Managing Director of CIM, explains: “The funds invest in an efficient building structure with attractive floor plans in a green, family-friendly district with a high quality of life for many people in the growth region of Hanover.”
Benjamin Rüther, Head of Fund Management Residential at CIM, adds: “The project in Kronsrode scores with excellent connections to the city centre as well as an efficient public infrastructure consisting of daycare centres, schools, restaurants and good local amenities. The proportion of social housing promotes the mix of the neighborhood.”
Kronsrode is located on the southeastern outskirts of Hanover and is connected to the road network by the A37 and A7 motorways as well as the B6 and B65 federal roads. The Stockholmer Allee and Krügerskamp metro stations are just a few minutes’ walk away. Metro line 6 takes residents to the city centre within about 20 minutes. Shopping facilities in the immediate vicinity offer several supermarkets that can be reached quickly and easily.
Due to the numerous individual measures, the neighbourhood development fits in with the ESG strategy of the CER. A double-shell rear-ventilated façade with insulation and district heating system reduces energy consumption. The promotion of sustainable and social mobility through car-sharing, cycle paths and parking spaces with e-bike charging stations are examples of the consideration of environmental and social aspects, while the promotion of diverse and inclusive culture in the management and use of the building touches on the governance aspect.
