CORESTATE has enhanced, comprehensively optimised and strengthened its national and international sales structures. The company has thus substantially improved its positioning in order to achieve accelerated and sustainable growth. The appointment of Philipp Ellebracht (43) as Managing Director and Group Head of Sales represents the most important personnel in this context. Ellebracht is responsible for managing and further developing all of Corestate’s sales activities and reports directly to CEO René Parmantier. In addition, Ellebracht is a member of the Investment Committee and the Operational Committee, two of the Group’s main steering committees.
Frankfurt, 9. February 2021. Corestate Capital Group (Corestate), a leading independent investment management company for real estate in Europe, has enhanced, comprehensively optimised and strengthened its national and international sales structures. The company has thus substantially improved its positioning in order to achieve accelerated and sustainable growth. The appointment of Philipp Ellebracht (43) as Managing Director and Group Head of Sales represents the most important personnel in this context. Ellebracht is responsible for managing and further developing all of Corestate’s sales activities and reports directly to CEO René Parmantier. In addition, Ellebracht is a member of the Investment Committee and the Operational Committee, two of the Group’s main steering committees.
“We are increasing the power and success of our sales force, including the Client Services and Product Development & Structuring subdivisions, and thus want to send a clear growth signal for the Corestate Group. More efficient structures, increased capacities and – very importantly – an even greater focus on the individual demand profiles of our clients are now exactly the right measures to successfully implement our growth ambitions in the coming years and to underpin our high quality standards,” explained René Parmantier.
In Philipp Ellebracht, Corestate has appointed a highly qualified and well networked expert with in-depth knowledge of the national and international fund and club deal business. “Philipp Ellebracht significantly expands Corestate’s expertise and reach in our German-speaking core markets as well as the rest of Europe. Together with our established investment teams, he will identify attractive cross-border investment opportunities for investors across all asset classes of the Group.”
Philipp Ellebracht: “I am very much looking forward to working with my new colleagues in the Group, as well as the broad and exciting range of topics at Corestate. In addition to expanding our European business, one focus of my work will be on the DACH region, which is of high strategic importance for the Corestate Group as its market of origin. In addition, it is important to me to bundle knowledge of customer requirements across the Group.”
Philipp Ellebracht has advised various investor groups on their investments in Europe and has an extensive network in the real estate industry. He previously worked for the British real estate investment company Schroder Real Estate for nearly ten years. He shaped Schroders’ real estate business as Managing Director of the KVG in Frankfurt/Main as well as Head of Real Estate Product Continental Europe and was a member of the European Real Estate Executive Committee. He grew the local office’s business to nearly EUR 2.5 billion AuM in recent years. Prior to that, Ellebracht worked for IVG Immobilien AG in Bonn for nearly six years.
Douglas Edwards is leaving the company as part of the organisational adjustments mentioned above.
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.
Forward-looking statements
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