Catella Real Estate AG (CREAG) has decided to terminate the management of the Catella MAX Fund with effect from 13 October 2026. This step serves the orderly winding-up of the fund, with all assets in the portfolio to be sold by this date. The intention is to ensure a comprehensive return of capital to investors within this timeframe and to close the fund without any open positions.
This process has already been initiated with the sale of the "Park View" office building in Munich's Schwabing district. The transaction, which took place in December 2023, contributed significantly to the return of capital to investors and marks an important milestone in the realisation of the fund's strategy. The proceeds from this sale flowed directly into the distribution to the unit holders of Catella MAX.
Strategic Portfolio Clean-up
The "Park View" property was acquired for the Catella MAX Fund in November 2013 and has been a permanent fixture in the portfolio ever since. The successful sale of this property is a crucial step in the planned termination of the fund and demonstrates the ability to dispose of properties in a value-oriented manner in a complex market environment. The funds generated will be distributed to investors, increasing the fund's liquidity.
The decision for the orderly termination of Catella MAX reflects a strategic adjustment. It allows the real estate assets held in the fund to be liquidated under controlled conditions and investors' capital to be repaid on schedule. Those responsible attach importance to transparency and careful handling of the remaining processes.
Outlook and Next Steps
Further details on the remaining assets of the Catella MAX Fund and the further timeline for its winding-up will be communicated transparently to investors and stakeholders. The aim is an efficient and loss-free winding-up of the fund by the specified date in autumn 2026. This includes detailed planning for the disposal of all remaining properties in order to fully dissolve the fund and distribute the proceeds on time.
