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"Catella has completed the reorganisation of its Finnish businesses. The Finnish parent company Catella Property Oy will go forward focusing on single asset and portfolio transaction advisory, lettings, and valuation. The subsidiary Catella Corporate Finance Oy now comprises a compact and effective team focusing on real estate related M&A advisory, equity and debt capital markets transaction advisory, and highly structured real estate transactions.
As already communicated in August 2008, Michael Schönach has been appointed Managing Director of Catella Property Oy as of 1 January 2009. Michael will continue in his position as Managing Director of Catella Corporate Finance Oy. Erkki Hakala has been appointed Deputy MD of Catella Property Oy. Erkki will also continue to head Catella Property Oy’s Helsinki transaction advisory unit. The responsibilities of the other Catella Property Oy management team members remain unchanged; Juhani Lehtinen heads the Growth Cities transactionadvisory unit, Arja Lehtonen heads Valuation and Eija Kotiranta continues as CFO.
Furthermore, with effect from 1 January 2009, the ownership of Catella’s Finnish asset management business Amplion Asset Management Oy has been transferred to the Swedish parent Catella Property Group AB. This augments the already previously achieved operational separation of the two businesses. “I am very pleased that we have now completed our reorganisation process which clarifies our service offering to our clients, and strengthens Catella’s brand as a focused advisory-only business”, says Michael Schönach.
“I look forward to the challenges ahead of us in 2009 and believe that Catella is well positioned to advise its clients on emerging opportunities in the market. We are starting to see signs of the investment market picking up and are working on interesting transactions that we hope will end the deal drought seen in Q4/2008”, Schönach continues" (CS della Società).
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