Walkers acts on launch of new value add fund for Catalyst Capital

We are delighted to announce that Walkers' Jersey Office acted with Whitmill Trust on the launch of Catalyst Capital LLP's second value-add real estate fund.

Catalyst Capital has secured backing for its recently launched Catalyst European Property Fund II (CEPF II) from global institutional investors, including a mix of US and European pension funds, US endowments, funds of funds, family offices and wealth management firms, including existing investors from Catalyst’s first European real estate fund, Catalyst European Property Fund I (CEPF I).

Euro 150m has been raised for the fund’s first close, with almost half of the initial commitments already being deployed in three separate transactions in the UK and Europe.

Discussing this latest project, Don Wijsmuller, Managing Director of Whitmill said, “Catalyst Capital is an innovative leader in this growing area of real estate investment. Value-add has become a favoured choice for many real estate investors, as high prices in core markets push such investors higher up the risk curve.”

Nigel Weston and Mark Crichton of Jersey-based law firm Walkers acted alongside Whitmill in the establishment and launch of the fund. This deal highlights the depth of knowledge and the diversity of experience that Jersey's financial services can offer.

Julian Newiss, founding partner of Catalyst, said, "The current environment provides an excellent opportunity to generate strong returns".

CEPF II will invest in the office and retail sectors throughout 'core' Europe, namely the UK, France, Belgium, Germany and Poland. It is believed there is the potential to identify value-creation opportunities and capitalise on the market dislocation between prime and secondary assets. CEPF II will target a diversified portfolio of income-producing assets and refurbishment and redevelopment opportunities.