Catella Sells Iconic Luxembourg Office Building for SSP Fund
Deal News | Jan 29, 2025 | Catella Real Estate AG
Catella Real Estate AG's fund platform has recently sold the SHOW office building in Luxembourg, which was developed in 2021 by Lafayette, for the 'Sarasin Sustainable Properties - European Cities' fund. Comprising approximately 8,961 sqm of lettable space over six floors and featuring high ecological standards, the property has achieved a BREEAM 'Very Good' certification. Located centrally in Howald, the building benefits from excellent transport links and is part of an area transitioning into a dynamic mixed-use district. The sale, occurring after a four-year holding period, has resulted in stable returns and capital gains, reinforcing investor confidence amid a turbulent office market. Catella noted the Luxembourg market's resilience and continued solid demand, particularly for financial and public entities. Going forward, the fund manager is concentrating on acquisitions in the logistics and residential sectors in the Benelux region. The transaction was supported by Catella IM Benelux B.V., with legal, technical, and tax advice provided by Stibbe, Drees & Sommer, and Deloitte respectively.
Sectors
- Real Estate Investment
- Sustainable Construction
- Financial Services
Geography
- Luxembourg – The transaction and main asset involved in the article are located in Luxembourg.
- Benelux – Catella IM Benelux B.V. operates in the Benelux region, advising on real estate transactions like this one.
- Europe – This reflects the broader regional focus of the Sarasin Sustainable Properties fund and Catella's overall investment scope.
Industry
- Real Estate Investment – The article is primarily about the sale of a large office building by Catella, an investment management firm specializing in real estate assets.
- Sustainable Construction – The building sold was developed with high ESG standards and is BREEAM certified, highlighting the importance of sustainability in modern developments.
- Financial Services – Involves investment management and transactional advisory services provided by firms such as Catella and its subsidiaries.
Financials
- Not specified – The financial terms of the sale were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Catella Real Estate AG | Seller | Company | An investment management firm specializing in real estate assets in Europe. |
| SHOW Office Building | Target Company | Company | A high-standard ecologically certified office building in Luxembourg. |
| Catella IM Benelux B.V. | Transactional Advisor | Company | Sub-entity of Catella providing advisory services in real estate within the Benelux region. |
| Stibbe, Drees & Sommer, Deloitte | Legal, Technical, and Tax Advisors | Company | Advised Catella on the legal, technical, and tax aspects of the transaction. |
| Sarasin Sustainable Properties - European Cities | Seller | Company | A fund advised by Catella, focused on sustainable property investments across European cities. |