Bouwfonds Asset Management and Catella Germany on Thursday announced the acquisition of three assets in Germany for the pan-European residential fund Bouwfonds European Residential Fund. The transaction involves a total of around EUR 44mln. Located in Munich, Frankfurt and Kiel, the assets include 195 units of apartments and townhouses, as well as a handful of retail units with a total lettable area of 18,000 m[sup]2[/sup]. The two companies said in a statement that additional acquisitions are under consideration in Germany, France, the Netherlands and Belgium. The joint venture partners also said they expect to raise more capital for the fund in the coming weeks.
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