The "Catella European Logistics Fund Plus" continues Catella Real Estate's logistics fund series

Munich, 14 March 2024 - With the launch of the new special fund "Catella European Logistics Fund Plus" (CELF+), Catella Real Estate AG (CREAG) is launching the second special fund for professional and semi-professional investors in the logistics real estate sector.

The pan-European "Catella European Logistics Fund Plus" invests in modern and ESG-compliant logistics, warehousing, distribution and transhipment properties in established logistics regions and attractive logistics locations in Europe. All locations have solid current and future fundamentals and growth potential in combination with a stable cash flow when properties are acquired. The investment fund takes into account ecological characteristics within the meaning of Article 8 of the EU Disclosure Regulation.

The investment strategy focuses primarily on new-build properties and modern existing properties in the Core and Core+ segments. At least 50% of the investment volume flows into new and as-new logistics properties (<10 years). A high degree of third-party usability and property flexibility as well as multimodal properties / locations (e.g. railway sidings) are preferred.

At least 60% of the investment properties are acquired in the economically strongest European regions (focus regions), which include Germany, Austria, Switzerland (DACH), France, Belgium, the Netherlands, Luxembourg (Benelux), Scandinavia and the UK. In addition, the fund invests up to 40% in up-and-coming economic regions of the European Economic Area (satellite regions) such as Spain, Portugal, Italy, Ireland, Poland, the Czech Republic and Slovakia.

The investment horizon of the broadly diversified target portfolio, which consists of up to 20 properties, is indefinite. The fund has a target volume of at least EUR 500 million. The target distribution yield is 5.0 - 6.0% p.a. The financing ratio is 0 - 50 % and is only utilised if there is corresponding economic added value. At least 70% of the fund is invested in euros, foreign currencies are hedged. The fund is aimed exclusively at professional and semi-professional investors; the minimum investment amount is 5 million euros.

With the launch of the Catella European Logistics Fund Plus, the logistics expert team at Catella Real Estate AG is adding another building block to Catella's logistics history. Between 2015 and 2023, the logistics team has supported a total of 86 logistics transactions with an investment volume of over €2.6 billion and has acquired 27 major lettings with over 325,000 m² in the last 4 years. The team in Munich works closely with all Catella units in Europe. In addition to an excellent network, the presence of a total of 25 branches in 12 countries offers the opportunity to provide local asset management services for the properties.

The special logistics fund "Catella Logistik Deutschland Plus" (CLD+), which was launched at the end of 2020, currently has €245 million in assets under management with a total of 15 properties in Germany, the Netherlands and Belgium (as at 31 January 2024). The majority of the acquisitions were off-market deals. All properties are 100% let with an average remaining lease term of 8.8 years (WALT). A distribution yield of 4.1% was generated for investors in the past financial year. The CLD+ will be fully invested in the course of the year.

Wolfgang Holzberger "We are very pleased to be launching the second Catella logistics fund since the end of 2020 with the "Catella European Logistics Fund Plus". Unlike the predecessor fund, the "Catella European Logistics Fund Plus" is designed as a purely pan-European fund, which gives us the opportunity for greater diversification. Our pan-European network represents a unique market positioning for Catella and supports both the acquisition and asset management of logistics properties throughout Europe. We currently see numerous investment opportunities in undervalued and emerging logistics locations in Europe with extremely attractive risk/return profiles. In addition to the acquisition of modern and ESG-compliant logistics properties, our main focus is on proactive asset management in order to realise existing potential."

About Catella Real Estate AG

Catella Real Estate AG, founded in January 2007 and headquartered in Munich, manages property investment funds and advises on property investments. CREAG is a licensed capital management company (KVG) under German investment law (KAGB). The purpose of the company is the conceptualisation, development and management of open-ended real estate special funds that are aligned with the expertise and outstanding market position of the Catella Group. CREAG currently manages a total of 20 real estate funds and assets of €7.4 billion (as at 31 December 2023).

Notes:
The "Catella European Logistics Fund Plus" and "Catella Logistik Deutschland Plus" investment offers presented here are aimed exclusively at semi-professional and professional investors within the meaning of the German Investment Code (KAGB). These are entrepreneurial investments with a long-term commitment that are associated with risks. Investors provide the investment company with equity, which can be eroded by losses. The investment can only be traded to a limited extent. There is a risk that it cannot be sold. Future performance is subject to taxation, which depends on the personal situation of the respective investor and may change in the future. There are further risks, which are explained in the information for semi-professional and professional investors in accordance with Section 307 (1) and (2) KAGB; these are available from Catella Real Estate AG, Alter Hof 5, 80331 Munich. Before a semi-professional investor subscribes, Catella Real Estate AG or the authorised distributor will satisfy itself in accordance with the statutory provisions that the investor is in a position to understand the risks associated with these investments.

For further information please contact:

Catella Real Estate AG
Julia Stübler
Marketing & PR Manager
M: +49 (0)152 389 228 65
E: julia.stuebler@catella-investment.com