Catella acquires two residential properties in Hanover for over EUR 50 million

Catella Investment Management GmbH (CIM), based in Berlin, has announced the acquisition of two newly completed residential buildings in Hanover, Germany. The transaction was conducted on behalf of an individual mandate and in cooperation with Catella Real Estate AG (CREAG), acting as the KVG platform for the Catella European Residential (CER) fund. CER, advised by CIM, currently holds real estate assets valued at approximately EUR 1.385 billion. The properties were acquired from PHI Kronsrode Grundstücks GmbH for a total price exceeding EUR 50 million.

The two buildings, situated in the Kronsrode development area of Hanover, comprise 154 residential units, including 102 privately financed apartments and 52 subsidised apartments. Additionally, the development features six commercial units and a daycare centre, with a total lettable area of around 12,060 square metres. The buildings, constructed to meet the KfW-55 energy efficiency standard, were completed by the end of 2024 and in the first quarter of 2025.

The project incorporates a comprehensive mobility concept, providing numerous bicycle parking spaces with e-bike charging facilities, 148 on-site car parking spaces, and convenient access to public transportation and car-sharing services.

Michael Keune, Managing Director of CIM, stated that the funds are investing in buildings offering efficient layouts within a green, family-friendly district that contributes to a high quality of life in the Hanover growth region.

Benjamin Rüther, Head of Fund Management Residential at CIM, highlighted the advantages of the Kronsrode project, citing its strong transport connections to the city centre and well-developed public infrastructure, which includes daycare centres, schools, restaurants, and local amenities. He added that the inclusion of social housing within the project supports social diversity and cohesion in the neighbourhood.

Kronsrode is located on the south-eastern edge of Hanover, with connections to major highways such as the A37 and A7, as well as the B6 and B65 federal roads. The development benefits from nearby subway stations, Stockholmer Allee and Krügerskamp, which provide residents with direct access to the city centre in approximately 20 minutes via subway line 6. Several supermarkets are also located within easy reach of the properties.

The development aligns closely with CER’s ESG strategy. Features such as double-shell masonry with cavity insulation and a district heating system contribute to reduced energy consumption. Additionally, sustainable and socially oriented mobility options, including car sharing and cycling infrastructure with e-bike charging stations, reflect the fund’s environmental and social commitments. Governance principles are also addressed through efforts to promote cultural diversity and inclusivity in both the management and use of the buildings.