Catella Property Group said it has opened a new office in Madrid to take advantage of opportunities in the distressed Spanish property market. 'In 1992 Catella's property arm started in Sweden in what was then a distressed Swedish property market,' said Johan Ericsson, Group CEO of Catella Property Group. 'The market in Sweden then was somewhat similar to Spain's current market condition. Catella quickly carved a niche as a re-structuring and re-financing specialist in the property sector at a challenging time and today enjoys a market leading position in the Nordics and other European countries. We see the opportunity to replicate this success in Spain and we are happy to have recruited a highly qualified team.'
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