Catella Real Estate AG Makes Strategic French Logistical Move
Deal News | Feb 04, 2025 | Catella Real Estate AG
Catella Real Estate AG has expanded its logistics fund, Catella Logistik Deutschland Plus (CLD+), by acquiring a three-property logistics portfolio in the strategic French locations of St. Etienne and Avignon. These logistics assets, managed by Vectura Immobilier and advised by Aquila Asset Management SAS, are part of Catella's broader strategy to enhance and grow its logistics investments across Europe while improving ESG standards. The properties boast modern facilities with high specifications and are strategically positioned within France's logistics corridors. Legal, tax, and technical diligences were facilitated by White & Case, EY, and Delpha Conseil, respectively. This acquisition marks Catella's first logistics investment in France and aligns with its aim to grow its logistics holdings from its current 23 properties across four countries. The acquisition strategy is bolstered by the assets' strong tenant bases, including major logistics and parcel service providers.
Sectors
- Real Estate
- Logistics
- Investment Management
Geography
- France – The logistics properties acquired are located in St. Etienne and Avignon, indicating significant operations in France.
- Germany – Catella Real Estate AG operates out of Germany and targets investments within Germany and neighboring countries.
Industry
- Real Estate – Catella Real Estate AG is involved in acquiring and managing logistics properties, indicating a focus on real estate development and management.
- Logistics – The acquired properties are logistics facilities, indicating involvement in the logistics and supply chain industry.
- Investment Management – Catella Logistik Deutschland Plus is a special fund platform, engaging in real estate investment strategies typical for asset management.
Financials
- EUR 500 million – Target volume for the Catella Logistik Deutschland Plus fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Catella Real Estate AG | Bidding Company | Company | A real estate investment manager focusing on logistics assets across Europe. |
| Vectura Immobilier | Target Company | Company | A French developer and manager of logistics and industrial properties. |
| Aquila Asset Management SAS | Advisor/Asset Manager | Company | Operating partner for Catella in France, providing asset management services for the acquired logistics properties. |
| CIM (Catella Investment Management GmbH) | Advisor | Company | Advises the Catella Logistik Deutschland Plus Fund on real estate investments. |
| White & Case | Legal Advisor | Company | Provided legal support for Catella's acquisition. |
| EY | Tax Advisor | Company | Provided tax advisory services related to the acquisition. |
| Delpha Conseil | Technical Advisor | Company | Provided technical advice for the logistics properties acquisition. |
| Allez & Associés Notaires | Notary | Company | Provided notarial support for Catella’s acquisition. |