Catella’s UK investment arm has separated from the Swedish property group.
It will be called Gresham Down Capital Partners and will be led by Catella UK’s managing director Stephen Down.
The split came after Catella said it would focus the business on continental, cross-border, European transactions.
The split sees Down return to his small firm days having left Hagreaves Goswell Down in 2006 when it was bought by Jones Lang LaSalle. He will be one of six staff at the new business.
He said: ‘We are grateful for Catella's support over the past five years and recognise that our respective businesses need to focus on those markets where our skills and experience can be put to best use.’
Catella is expected to keep a London presence, and will now target UK-based funds that are active in Europe.
Johan Ericsson, CEO of Catella Property said: ‘Catella Property Group has, within property related capital markets services and property transactions, a strong position in continental Europe.
'We will now use our London office for supporting those businesses with a focus on cross border transactions on the European market.’
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