Catella launches Norwegian investment platform

The Stockholm-based financial advisory and asset management firm has also purchased a mezzanine fund management business in Luxembourg.

Catella, the Stockholm-based financial advisory and asset management firm, has acquired two Norwegian property specialists to establish a real estate investment presence in the country.

The firm, which made its first foray into real estate investment management business back in May, purchased Luxembourg-based Ambolt Advisors, a mezzanine fund manager currently managing two funds financing Nordic property investments and Norwegian asset manager Elementum Asset Management.

The new enterprise will focus on property investment and asset management on behalf of Norwegian and international investors and managing of mezzanine debt funds. The operations will start in the beginning of 2016.

“Catella will gain access to a management team with extensive, relevant investment experience across diverse property types, geographies and stages of the economic cycle,” said Timo Nurminen, head of property investment management at Catella.

“They have a wide network of local investors, lenders and advisors across the Nordics. Additionally, Catella will obtain access to a real estate fund set-up and related mezzanine financing platform based in Luxembourg.”

The founder of Ambolt, Jarle Norman-Hansen, and Elementum, Bjarte Solheimwith, will continue to work with Catella.

Norman-Hansen has 28 years of experience from the Nordic property markets and previously worked as head of real estate and research at ABG Sundal Collier and head of research at Alfred Berg and First Securities. Solheim has 17 years of experience from the Nordic property markets and was founder/managing partner at Solist, a Norwegian property fund, before founding Elementum.

Catella is an independent European asset management group that specializes in asset management and corporate finance. In addition to the newly-created investment management arm Catella has the following businesses: Catella Corporate Finance, Catella Property, Catella Real Estate AG Kapitalanlagegesellschaft and Amplion Asset Management.

The firm currently has €3.2 billion of property assets under management.