Catella : Real Estate AG acquires mixed-use property in Brussels for the individual mandate “AVW European Real Estate Fund”

The acquired property is located at 120 Avenue Louise / Rue de la Longue Haie in a popular residential area south of downtown Brussels. The property has a total rental area of ​​4,880 m², of which 3,600 m² is office space, 680 m² retail space and around 600 m² living space, divided into 11 furnished apartments with sizes from 32 m² to 75 m². The property, built in 1978 and extensively and completely renovated in 2011/2019, also includes 77 parking spaces. Perspective International, a showroom for contemporary furniture, has been located on the ground floor of the building since 1986.

Within walking distance from the property are the main avenue of Avenue Louise and Boulevard de Waterloo, the most prestigious shopping promenade in Brussels. Well-known designer shops, international fashion chains and a large selection of restaurants, bars and cafés as well as various small supermarkets for everyday needs can be found here.

The Avenue Louise is one of the most important traffic arteries in Brussels and opens up the city center from the south. The metro station “Louise” and the tram stop “Defacqz” are located on Avenue Louise, in the immediate vicinity of the property, from where Brussels city center can be reached in a few minutes.

“The residential and commercial property at Avenue Louise 120 fits perfectly into the profile of the investment fund,” says Fabian Pick, portfolio manager of the “AVW European Real Estate Fund”. “We were particularly impressed by the representative location in a popular residential area in the immediate vicinity of downtown Brussels and the successful mix of residential and commercial space, which guarantees stable cash flow in the long term. After our previous investments in Augsburg, Essen, Cologne and Barcelona, ​​the “AVW European Real Estate Fund” will now be even more diversified with the purchase in Brussels.”

Ralph Willems, Senior Acquisition Manager at Catella IM Benelux: “The acquisition of Louise 120 is our second addition to our Belgian portfolio in Brussels in 2021. With its prime location on the prestigious Avenue Louise and its flexible floorplans, we have great confidence in this mixed-use asset and are poised for further Belgian investment.”

Catella was advised on the due diligence by Stibbe, PRO group and EY.

About Catella Real Estate AG

Founded in January 2007 and based in Munich, Catella Real Estate AG (CREAG) deals with the management of real estate investment funds and advice on investments in real estate.

CREAG is a licensed capital management company (KVG) under the German Capital Investment Code (KAGB). The object of the company is the design, development and management of open-ended real estate investment funds based on the expertise and outstanding market position of the Catella Group. CREAG currently manages assets of EUR 6.4 billion in 19 real estate funds (as of September 30, 2021).

About Catella Investment Management Benelux (CIMB)

Catella Investment Management Benelux (CIMB) is part of the Catella Group, a leading specialist in real estate investments and fund management with activities in 13 European countries and around 550 employees, including around 25 employees in the Benelux countries. The group manages assets of around 11 billion euros (September 2021). Catella is listed on Nasdaq Stockholm in the mid-cap segment.

CIMB is the local branch providing fund, acquisitions and asset management for all Catella managed funds with an allocation in the Benelux region. CIMB has a broad real estate portfolio with approximately 75% invested in residential properties and the remainder in commercial properties. CIMB currently manages around €1.5 billion in assets in the Benelux and expects to invest around €600 million per year in these markets over the next few years. CIMB is a member of the Catella European Residential Network Alliance.

For more information, please contact:

Catella Immobilien AG Julia Stubler Marketing and PR manager T: (0)89 189 16 65 275 F: (0)89 189 16 65 466 M: +49 (0)152 389 228 65 E: [email protected] You can find more information on our website: www.catella.com/immobilienfonds Catella IM Benelux Ralph Willems MRICS Senior Acquisition Manager T: +31438200302 M: +316 289 45516 (0)152 389 228 65 E: [email protected]