Catella was founded in 1987 in Sweden and is listed on NASDAQ Stockholm in the Mid Cap segment. The business runs through the three business areas: Corporate Finance, Investment Management and Principal Investments.

Catella Investment Management offers institutional investors innovative property funds and other custom-made indirect structures, asset management, project management including development, and advisory services. Catella is a leader in sustainable real estate investing, including offering true SFDR Article 9 funds. In addition, Catella co-invests opportunistically with partners and clients through the business area Principal Investments.

Within the investment management business, Catella Asset Management offers a diverse range of services that create value in all phases of a property lifecycle in all sectors. This includes identification and acquisition of projects, financing, strategic management such as executing decarbonization plans, and ultimately sale – all with a focus on sustainability.

Catella’s philosophy is to leverage local knowledge for sustainable investments. The operations are run by majority-owned local teams across Europe that offer comprehensive knowledge of property markets.

Catella Investment Management covers investment activities on behalf of international institutional investors, such as insurance companies, pension funds, property funds, investment funds, sovereign wealth funds, family offices and high-net-worth individuals.

The main center’s for Catella Investment Management are:

  • Austria – Vienna
  • Benelux – Maastricht
  • Denmark – Copenhagen
  • Finland – Helsinki
  • France – Paris
  • Germany – Munich (KVG); Berlin (commercial and residential); Düsseldorf (development)
  • Spain – Madrid
  • Ireland – Dublin
  • Sweden – Stockholm
  • UK – London and Manchester

Sector forecasts

INDUSTRIAL: 

The European industrial and logistics market is currently benefiting from the megatrends of e-commerce and nearshoring. Catella expects these positive influences to continue in the future. At the same time, construction activity declined, increasing upwards pressure on rents. Above all, Catella expects significant growth potential in the CEE region in the coming years.

OFFICE: 

Current market developments in Europe continue to show a strong focus of demand on modern, sustainable offices in central locations of major cities. Offices that do not meet these requirements face increasing pressure, with higher vacancy and weaker leasing activity. At the same time, prime CBD offices remain in short supply, and refurbishment rather than new construction is driving much of the pipeline. Catella expects demand for high-quality space in prime locations to stay resilient, supported by corporate return-tooffice strategies. Consequently, further rental growth for prime offices can be expected, even as overall vacancy rates on the European market continue to rise.

RESIDENTIAL: 

The European housing markets face a supply gap for residential apartments that has started with sharply declining permit numbers end of 2022 and results in fewer unit completions over the next years – particularly in Central Europe and the Nordics. At the same time, demand for rental housing remains strong, especially in urban areas where population growth and urbanization trends persist and particularly in the affordable segment. While market activity is unlikely to reach the levels seen until the early 2020s, rents are further increasing and financing conditions have somewhat stabilized, setting the stage for positive developments in house prices.

RETAIL: 

The retail asset class consists of diverse segments, each subject to different dynamics. Food retail continues to stand out as particularly resilient, given its role as essential infrastructure and its stable demand profile. Catella sees strong potential in this segment, which not only provides crisis resistance but also allows investors to participate in the success of established operators. Recent leasing activity and investor interest confirm the continued strength of food-anchored retail formats.

OTHER: 

For other segments, Catella sees potential above all in modern asset classes related to residential and hotel, such as serviced apartments, student housing and senior living, which benefit from demographic trends, urbanization and changing lifestyles. In addition, life science properties are supported by structural growth in healthcare and research, while data centers profit from the ongoing digitalization and rising demand for cloud infrastructure. These asset classes combine resilient demand drivers with limited supply, making them particularly attractive for long-term investors.

Investment principles & strategy 

Catella is your sustainable investment partner. In addition to being the right thing to do, Catella philosophically believes in the ‘dual materiality’ of sustainable investing – pursue sustainability objectives not only for the benefit of society, but to achieve financial returns and to create real estate that is resilient and robust to adverse shocks. At Catella, sustainability is an opportunity, not a compliance process.

Strategic corporate development

Over the past few years, Catella strategically has streamlined its business to focus entirely on property in three distinct business areas that offer significant synergies.

These areas provide investment and asset management, the ability to coinvest with clients, cutting-edge market intelligence, and advisory services. Within the framework of this transformation, the scope of operations has also been broadened by utilising Group equity through the business area Principal Investments.

Based on a pan-European platform and stable financial position, Catella will continue its growth journey and offer capital solutions designed to meet clients’ needs and demands throughout the various stages of an economic cycle, in a spread of geography, assets and opportunities. The broad range of offerings is adaptable to market conditions and includes a clear focus on increasing products with a strong link to sustainability, such as the issuance of new senior unsecured green bonds under a green bond framework. This step demonstrates Catella’s commitment to investors focused on environmental, social, and sustainable investment agendas.

In 2025, Catella executed the strategic merger of the front offices of Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG), into Catella Investment Management GmbH (CIM), enhancing efficiency and a more robust investment management platform.

Performance verification

Catella performance data is regularly reported to our clients in accordance with their requirements. Catella is licensed under Finansinspektionen in Sweden, BaFin in Germany, Autorité des Marchés Financiers in France, and the FCA in the UK. Catella follows reporting standards and procedures of, among others, INREV, BVI, GRESB and CRREM.

COMPLIANCE STATEMENT

The board of directors’ responsibility for internal control is governed primarily by the Swedish Companies Act, Nasdaq Stockholm’s Rulebook for issuers and the Swedish Corporate Governance Code. Information about Catella’s internal control and risk management system and measures taken by the board of directors to ensure effective internal control is disclosed each year in Catella’s corporate governance report, available on www.catella.com.