CORESTATE has expanded its high street portfolio to 200 retail assets with a total investment volume of over Euro 2bn. In 2017 alone, 35 retail properties were bought in individual transactions. Some 90 assets worth around Euro 700m were sold, but CORESTATE was mandated with the asset, property and facility management of the entire divested portfolio.
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has expanded its high street portfolio to 200 retail assets with a total investment volume of over Euro 2bn.
All properties are located in the town centres of mid-sized German cities. Among anchor tenants in the portfolio are sports outfitters Decathlon, supermarket chain Edeka, drugstore Müller and fashion retailer TKMaxx. In 2017 alone, 35 retail properties were bought in individual transactions. Some 90 assets worth around Euro 700m were sold, but CORESTATE was mandated with the asset, property and facility management of the entire divested portfolio.
Thomas Landschreiber, co-founder and CIO, CORESTATE: “We continue to advance our highly diversified product portfolio in the retail segment as well as our bargaining position as a landlord. The diversity of our assets enables us to choose between different exit strategies. We will continue to buy further properties in the segment.”
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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