Catalyst buys German portfolio

Catalyst Capital has bought a €200m (£169m) portfolio of German office, residential and retail assets.

The European asset manager’s Catalyst European Property Fund II bought the 93,000 sq ft portfolio from German property investor Triuva and a German public sector pension scheme.

The portfolio comprises 10 properties across Munich, Frankfurt, Dusseldorf, Stuttgart and Dortmund.

Kean Hird, a partner at Catalyst, said: “We are pleased to have secured this high-quality portfolio of 10 properties for our new European fund.

“We continue to seek similar office and retail assets in Germany, where we can further apply the asset management skills of our German team to add value.”

CEPF II had its first close last June and is targeting €1.25bn in investments across Europe.

It has already deployed €650m into 34 properties, with assets in the UK and France.

In March it bought a £13m UK portfolio of four assets in Birmingham, Bristol, Corby and Newark.

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