CORESTATE has been tasked with the property and facility management of a retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer (BVK). Valued at approximately Euro 700 million, the retail portfolio comprises over 90 properties in top shopping locations of pedestrian areas in medium-sized German cities.
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has been tasked with the property and facility management of a retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer (BVK). Valued at approximately Euro 700 million, the retail portfolio comprises over 90 properties in top shopping locations of pedestrian areas in medium-sized German cities.
In the future, further assets are to complement the portfolio, gradually adding an amount in the several hundred million euro range. CORESTATE is already responsible for the investment advisory and asset management; in addition, CORESTATE subsidiaries will take on the property and facility management.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: “This transaction and mandate underscore the success of our strategy of altering existing investment structures into institutional products and acquiring long-term management contracts.”
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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