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31 May 2012
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20 June 2012
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Catella launches first specialist German open-end fund; e1bn aimed at health care
Catella Real Estate is to launch a German open-ended property fund specialising in European health care facilities, and is aiming at total investment up to e1bn in the next five years - up to 60% in Germany. It is the first asset-specific GOEF to be launched. CEO Andreas Kneip said its Focus HealthCare Fund will have minimum subscription of e20,000 and is aimed at both private and institutional investors, with a target return of 5%-6%. 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.