CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor headquartered in Luxembourg, has received an exclusive mandate from a leading German insurance company to set up a German residential portfolio for a fund. The portfolio is intended to become part of an open-ended special AIF comprising different asset classes. The contractual parties have agreed not to disclose any details about the significant target volume or the specific purchasing criteria.
CORESTATE has been tasked with the acquisition and disposal of properties as well as the ongoing asset management. The investment focus is on residential real estate in German metropolitan regions and their commuter belts. Several properties are currently being assessed with regard to a potential acquisition. IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH, a leading provider of capital management services in the real estate industry, will administer the individual fund on its platform while CAPERA Immobilien Service GmbH, a subsidiary of CORESTATE, will be responsible for the Property Management.
Sascha Wilhelm, CEO of CORESTATE: “The increasing demand among institutional investors attests to the CORESTATE Group’s high-quality approach. Based on our solid track record, we expect to be able to take on more attractive mandates than originally planned.”
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
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