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Transactions - JANUARY 24, 2019

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CORESTATE launches micro-living platform with €500m of assets

by Andrea Zander

CORESTATE Capital Holding is expanding its micro living platform by launching JOYN, a new serviced apartment product line.

With its high-quality and innovative design and a comprehensive service concept, JOYN specifically addresses business travelers, project workers and commuters who, contrary to the classic hotel atmosphere, place higher demands on their accommodation in terms of furnishings and service.

“With JOYN, we are opening up the luxury alternative to our customers in the booming micro-living asset class, which makes our offering unique in Europe, and we expect a high demand from tenants and investors,” said Thomas Landschreiber, co-founder and CIO of CORESTATE. “By continuously expanding our product offering in this segment, we offer our clients a variety of opportunities to invest in this forward-looking asset class while increasing the revenue base of the CORESTATE Capital Group.”

The fully equipped apartments with kitchens offer more living

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