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- November 1, 2012: Vol. 6, Number 10

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Corestate Sells German Residential

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Zug, Switzerland–based Corestate Capital has completed the sale of a residential real estate portfolio located in the major cities and metropolitan areas of Germany for €51 million.

A portion of the portfolio is located in the inner city districts of Berlin, while the rest is spread across the cities of Frankfurt, Dresden and Leipzig as well as the urban areas of Lower Saxony. The assets were sold as part of a portfolio repositioning programme to a foreign investor and several private individuals at a rental yield of €950 per square metre.

 

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