- March 1, 2011: Vol. 5, Number 3

To read this full article you need to be subscribed to Institutional Real Estate Europe

Corestate Acquires German Mixed-Use Asset


Switzerland-based Core-state Group has acquired the 14,000-square-metre Rund Carré, a mixed-use property in Hannover, from HSBC Trinkaus Real Estate GmbH for €25.5 million. The fully let property includes 8,377 square metres of office space let to large German corporates and 5,623 square metres of retail space.

In other news, Corestate has sold a German residential portfolio for €39 million to Zentral Boden Immobilien AG. The portfolio comprises 894 apartments in Berlin’s Britz and Rudow districts, totalling more than 48,000 square metres of lettable space that generates a monthly rent of between €5 and €6 per square metre.


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