Catella advises in 80 Million Euro Sale

Catella advised in a portfolio sale with a volume of 80 million Euros in Berlin. The portfolio of 1,400 apartments located in the North of Berlin was acquired by a Dutch investor. Negotiations for the next sales in Germany's capital are already under way, reported Klaus Franken, Managing Partner of the transaction consultancy firm Catella.

In spite of sinking transaction volumes on the real estate market, Franken is optimistic: "We expect new sales on a scale of up to 100 million Euros before the end of the year. There is a recognisable trend toward long-term investments that aim at ownership periods of ten years or more." These cases, he added, include selected properties for which high-level debt financing continues to be available.

source : Catella