Corestate holds €250m close for German retail fund
Corestate Capital Holding has closed its latest German high street retail fund, Highstreet VIII.
The fund has now acquired five assets totaling €250 million. The portfolio includes properties in Rostock and Sindelfingen, which were acquired in 2018, and in Garbsen, Nordhorn and Schwenningen, which were acquired with the close. With the transactions, Corestate has closed its ninth high street club deal within five years.
“This demonstrates the significant investor demand for attractive alternatives to the usual concepts focused on big cities,” said Tobias Gollnest, managing director of investments at Corestate. “The figures speak for themselves, with a total of 150 retail properties in outstanding locations in German mid-sized cities, with a total investment volume of more than €2 billion, have been successfully acquired across the whole series.”
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