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2016-11-02

Catella - Property Investment Management: Catella Asset Management completes final exit for portfolio of 18 retail assets in Finland

Catella's asset management team in Finland has closed the final sale
of a retail portfolio of 18 assets across Finland. Catella was
mandated by Mount Street Loan Solutions LLP in 2014 to act as a
strategic asset manager for the portfolio and to lead the sales
process of the assets.

The portfolio's lettable area was approximately 87,000 sqm. The sales
were executed mostly by single asset disposals.

"We are satisfied that we were selected as the local partner of Mount
Street to execute the set business plan in a given time schedule for
challenging properties mostly in obsolete locations. This project has
shown our capacity to find both local and regional investors for
assets that do not fulfil institutional criterion. Together with this
and other similar projects we have been able to build extensive
connections with local investors and brokers that have served our
clients' needs well", says Henri Hakala, sales manager at Catella's
asset management in Finland.

"Catella was able to create an excellent platform for the project and
executed the business plan in accordance with an agreed schedule
which maximised value and recoveries for the creditors. We are very
pleased with the effectiveness and professional manner in which
Catella managed the project", comments Rachel Morgan, Senior Director
at Mount Street.

For more information, please contact:
Henri Hakala
Sales Manager, Asset Management Finland
+358 50 537 0099
henri.hakala@catella.fi

Press contact:
Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se

About Catella: Catella is a leading specialist in property
investments, fund management and banking, with operations in 12
European countries. Catella is listed on First North Premier on
Nasdaq Stockholm. Read more at catella.com. (http://www.catella.com/)

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http://news.cision.com/catella---property-investment-management/r/catell...
http://mb.cision.com/Main/9880/2114080/584015.pdf

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