Berlin-based Catella Investment Management GmbH (CIM) has acquired a residential complex in Fürstenfeldbruck just outside Munich together with the KVG platform Catella Real Estate AG (CREAG). The purchase was made for the open-ended real estate public AIF Catella European Residential (CER). The object of purchase includes three U-shaped apartment buildings built in 1960, which have a total living space of almost 3,400 square meters spread over 52 residential units. In addition, a new building with 14 residential units and a total living space of approx. 1,200 square metres will be built in the interior of the property. In total, the residential ensemble will thus have 66 apartments and 62 parking spaces.
Michael Keune, Managing Director of CIM, explains: “With Catella European Residential, we are making targeted investments in high-growth residential areas in Europe that impress with a high quality of life, good infrastructure and stable demand. The acquisition in Fürstenfeldbruck combines the upgrading of an existing ensemble through the planned implementation of ESG measures with energy-efficient new construction and exemplifies our strategy of securing long-term valuable and sustainable residential properties for our investors.”
The existing buildings will be comprehensively renovated to make them more energy-efficient and significantly improved to the KfW 55 standard. In the course of the modernisation, the facades will be equipped with a thermal insulation composite system (ETICS), the balconies will be reworked, windows with triple glazing will be installed, the basement ceiling and attic will be insulated, the entrance and apartment doors will be renewed and the stairwell will be renovated. In addition, the existing heating system will be replaced by a heat pump, a photovoltaic system will be installed on the roof and a string renovation will be carried out as a relocation of the supply and disposal lines from the building to the façade. The energy-efficient renovation is planned for a period of twelve to 14 months. The four-storey densification building in the inner area of the property is to be built according to the KfW 40 standard. Completion is scheduled for the second quarter of 2027.
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Benjamin Rüther, Head of Fund Management Residential at Catella Investment Management, says: “Fürstenfeldbruck offers an attractive combination of high quality of life, excellent infrastructure and proximity to the state capital of Munich. The local housing market is characterised by stable demand and steady performance – ideal conditions for a long-term residential investment. This also includes modernising the existing building, depending on local possibilities, i.e. heat pumps or district heating. It also means that modernizations are carried out that are allowed by the age of the building. For example, the ‘piggyback system’ can be implemented easily, cost-efficiently and quickly via the façade by relocating supply and disposal lines during construction. One advantage for tenants in contrast to classic string renovation is that bathroom use is only minimally restricted during the renovation phase. Maintenance, repair and inspection are carried out particularly easily from the outside during the life cycle.”
The residential complex is located in a mature residential environment with mainly apartment buildings and single-family houses as well as supplementary local amenities and services. In the surrounding area there are supermarkets, bakeries, pharmacies and numerous service providers. Schools, daycare centers and doctors of various specialties are available in the immediate vicinity. There is a direct connection to the B2 and the A8 and A96 motorways via the B471. The Fürstenfeldbruck S-Bahn station (S4) can be reached in a few minutes and offers a direct connection to Munich Central Station.