CORESTATE Capital Holding SA has launched a new investment program for its club deal clients, which aims to invest in value-added retail, mid-sized office and residential buildings in European cities.
The diversified multi-club deal investment program aims to target private investors, family offices and institutional investors. CORESTATE is taking an active asset management approach with a “manage-to-core” strategy and wants to invest in undermanaged properties that offer value creation through renting, modernizing or repositioning these properties. The focus wants to be on the German market, but acquisitions may also include individual properties in Spain, the Netherlands, Poland and the United Kingdom. The investment horizon is five years. The program has a target volume of €100 million to €150 million ($117 million to $175 million) and will be structured as a Luxembourg-domiciled closed-end Reserved Alternative Investment Fund (RAIF). CORESTATE wants to ensure alig
