28 August 2008
Catella Property Group reports high transaction volumes 1H 2008
Catella Property Group, a leading European property advisor and provider of asset management services and fund management services, reports a strong first half of 2008. The property transaction volume within the business area property advisory was EUR 4.0 billion compared to EUR 3.6 billion in the same period 2007.
"We have had a good start 2008 with several large transactions and for the full year 2008 we also foresee a high transaction volume in our advisory business even if the financial markets are unstable which of course affects us all" says Johan Ericsson, CEO of Catella Property Group.
Catella acted as advisor in property transactions with a value of EUR 14.7 billion in 2007 with strong market positions in The Nordics, Belgium, France and Germany.
"Catellas profile as a real estate investment bank in the Nordics in combination with very experienced European corporate finance teams in the different markets gives us a competitive advantage in the current troubled market. We are since a couple of months engaged in several large European restructuring projects. It was in difficult times such as these in the 1990's in Sweden that Catella first opened its Property Advisory business in Sweden." says Johan Ericsson.
Catella's propery fund management operation, Catella Real Estate AG Kapitalanlagegesellschaft, has successfully launched two funds during the last year; Focus Nordic Cities and Bouwfonds European Residential Fund. Additional funds will be launched during the autumn.
Amplion Asset Management, Catella Property Groups asset management operation, has currently EUR 1 billion in assets under management with a target to increase that volume to EUR 3 billion within the next two to three years.
For more information please contact:
Johan Ericsson, CEO Catella Property Group, phone +46 705 44 00 00
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Catella Property Group is a leading European provider of property advisory services, property asset management services and property fund management in selected markets. Operating through offices in 15 European countries, Catella's property advisory services acted as advisor in property transactions with a value of approximately EUR 14.7 billion in 2007. Between 2004 and 2007, we assisted clients in investment transactions valued at EUR 40.8 billion. Catella Property Group is part of Catella Financial Advisory Group, a European investment bank. Please visit our website: www.catellaproperty.com.