CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor based in Luxembourg, announces the acquisition of 18 single and well located retail properties in prime locations in pedestrian zones of German mid-sized cities such as Göttingen, Kaiserslautern, Lörrach or Lüneburg.
The properties comprise more than 7,000 square meters and contain a highly diversified mix of locations, assets and well known tenants. Major tenants are inter alia C&A, depot, dm, H&M and s.Oliver.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: “We have now closed six portfolios in our High Street retail strategy, bringing the overall investment volume to over Euro 1bn. The portfolio represents around 110 acquired properties with strong rental covenants. We see high potential in this market and will continue to pursue this strategy.”
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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