Fundraising - JULY 18, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Corestate sets up open-ended residential property fund

by Andrea Waitrovich

Corestate Capital Holding S.A. has plans to launch an open-ended special AIF with a focus on residential property in Germany. The target volume of the Corestate Residential Germany Fund II is at least €300 million ($348 million).

An initial €70 million ($81 million) of equity for the seed portfolio has already been secured. The first investor is a German pension fund.

Hannover Leasing Investment GmbH is mandated as the investment management company.

Corestate Residential Fund II focuses on newly built residential property in metropolitan areas and prospering cities throughout Germany and will aim at an annual payout rate of at least 4 percent.

Capera Immobilien Service GmbH, a Corestate subsidiary, will be responsible for the property management.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy