Catella advises DEGI Portfolio Transaction

Largest real estate transaction in Germany this year; 37 properties sold with a market value of EUR 2.45 billion

Catella Corporate Finance GmbH advised DEGI (Deutsche Gesellschaft für Immobilienfonds mbH) of a portfolio comprising 37 properties with a current market value of about EUR 2.45 billion from their Grundwert-Fonds. This is the largest real estate transaction in Germany this year.

Catella assisted DEGI in composing the portfolio and during the bidding process with a handful of potential investors. A purchase price was agreed with the buyer exceeding the portfolio's current market value. Three companies belonging to the Whitehall Fund, managed by Goldman Sachs, were the selected buyers. This real estate portfolio transaction is the largest ever in Germany's office sector.