Publications

- June 1, 2011: Vol. 5, Number 6

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

Corestate Buys German Residential Assets

by

Corestate Group, through a joint venture partnership, has acquired a portfolio of 153 residential assets in Germany comprising more than 2,100 units. The properties, located in the Rhine Ruhr region of Germany, are valued at €85 million.

“We already have identified a number of key asset management initiatives where we can extract value from the portfolio, including necessary injections of investment to revitalise the assets in order to drive overall returns,” says Phillip Burns, CEO of Corestate.

 

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