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Catella Launches €1B Health Care Fund

MUNICH-The five-year fund is is the first asset-specific German open-ended property fund to be launched.

By Allan Saunderson | Updated on September 16, 2009

MUNICH-Catella Real Estate is to launch a German open-ended property fund specializing in European health care facilities, and is aiming at total investment up to €1 billion in the next five years – up to 60% of it in Germany. It is the first asset-specific GOEF to be launched.

CEO Andreas Kneip told a press conference in Munich recently that the Focus HealthCare Fund will have a minimum subscription of €20,000 and is oriented towards private and institutional investors. A target return of between 5% and 6% is expected. The fund will target clinics, medical practice offices, nursing homes, wellness and fitness facilities as well as office and logistics space for the health sector in western Europe. The target volume for individual buildings is to range from €5 million to €30 million.

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