Catella Investment Management Buys Residential Complex Near Munich

Catella Investment Management GmbH (CIM) has acquired a residential complex in Fürstenfeldbruck, west of Munich, together with Catella Real Estate AG (CREAG). The purchase, made for the open-ended public real estate AIF Catella European Residential (CER), covers three existing U-shaped apartment buildings from 1960 with around 3,400 square metres of living space across 52 units. The site will also accommodate a new residential building with 14 apartments and roughly 1,200 square metres of space, bringing the total to 66 units and 62 parking spaces.

The existing buildings will undergo a full energy-efficient refurbishment aimed at meeting the KfW 55 standard. Planned works include facade insulation using ETICS, balcony upgrades, triple-glazed windows, insulation of the basement ceiling and attic, replacement of doors, renovation of stairwells, and a shift of supply and disposal lines to the exterior. The current heating system will be replaced by a heat pump, and a rooftop photovoltaic system will be installed. The refurbishment is expected to last 12 to 14 months. The four-storey infill building will be constructed to the KfW 40 standard, with completion targeted for the second quarter of 2027.

Michael Keune, Managing Director of CIM, said the acquisition aligns with the strategy of focusing on growth locations offering strong infrastructure and consistent residential demand. “The purchase in Fürstenfeldbruck combines the upgrading of an existing portfolio through the systematic implementation of ESG measures with energy-efficient new construction and exemplifies our strategy to secure long-term, sustainable residential assets for our investors,” he said.

Benjamin Rüther, Head of Fund Management Residential at CIM, pointed to the appeal of the local market. “Fürstenfeldbruck offers an attractive combination of high quality of life, excellent infrastructure, and proximity to the state capital Munich,” he said. He added that local demand trends support long-term investment and noted that modernization measures such as heat pumps and the facade-based “piggyback system” enable upgrades with minimal disruption to tenants. “Maintenance, repair, and inspection are particularly easy to carry out from the outside during the life cycle,” he said.

The complex sits in a residential area dominated by multi-family and single-family homes, with supermarkets, pharmacies, service providers, schools, daycare centres, and medical facilities nearby. The B471 provides quick access to major roads, while the Fürstenfeldbruck S4 station is only a few minutes away and offers a direct link to Munich Central Station.