Catella Investment Management (CIM), based in Berlin, has acquired a residential development project in Bamberg, northern Bavaria, from Instone Real Estate for an individual investment mandate. The project includes 35 new-build apartments and commercial space, set within the dynamic Lagarde-Campus urban development initiative. Construction is slated to begin in early 2025. The acquisition encompasses two planned buildings, offering a total of 2,370 square meters of residential space and 583 square meters of commercial space on the ground floors. The 35 apartments are split between 17 two-room units and 18 three-room units. The development has received planning permission, and the construction aligns with the KfW-55 energy efficiency standard. Features include high-quality finishes, underfloor heating, and barrier-free accessibility in 30% of the apartments. Michael Keune, Managing Director at CIM, emphasized the significance of this acquisition: “Despite challenges in the current market environment, we see selective opportunities for residential investments in Germany. These two residential buildings in Bamberg represent an attractive addition to our portfolio, combining a commercially robust location with adherence to ESG requirements.” Instone Real Estate’s Managing Director, Andreas Zeitler, highlighted the project’s contribution to urban development: “This project addresses the pressing need for housing in Bamberg. In addition to the 35 rental apartments sold to Catella, we are developing 57 owner-occupied apartments in the immediate vicinity, creating a vibrant neighborhood that balances value and quality of life. We look forward to collaborating with Catella Investment Management.” The project is part of the larger Lagarde-Campus, a 22.5-hectare redevelopment of a former military barracks. This transformative initiative will deliver 1,000 new apartments alongside commercial, retail, and cultural spaces. The historic site includes preserved brick buildings and state-of-the-art energy solutions. Lagarde-Campus features one of Europe’s most innovative energy concepts, utilizing Heating Network 4.0 technology to significantly reduce CO2 emissions. Renewable energy sources such as photovoltaics, geothermal energy, and wastewater heat exchangers complement the low-flow temperature systems. Known for its historical charm, thriving university culture, and recreational opportunities, Bamberg offers an unparalleled quality of life. Situated 60 kilometers north of Nuremberg, the city plays a key role in the Nuremberg metropolitan region, home to 3.6 million residents and a vibrant economic hub. This acquisition marks a significant step for CIM as it continues to identify high-value residential investment opportunities in Germany while contributing to sustainable urban development.