Sign up for free newsletter

 

Germany

Corestate Group sells German residential portfolio for EUR77m

Tue, 11/03/2014 - 12:14

Corestate Group has disposed of a German residential portfolio with about 2,000 units to two institutional investors for about EUR77m.

The properties are located in medium-sized cities in the German states of Bavaria, Bremen, Hesse, Lower Saxony, North Rhine-Westphalia, Saxony and Schleswig-Holstein.
 
Thomas Landschreiber, chief operating officer at Corestate Capital, says: “Due to our broad-based property and asset management platform we were able to increase the value of this scattered portfolio. By investing capital, the overall state of the assets was improved and vacancy rates were lowered. This acquisition by two institutional investors shows that stable properties in Germany – even outside the top cities – remain a popular and liquid asset class.”


Subscribe to free daily newsletter
latestjobs
Fixed Income Dealer, London

Wed, 04 Mar 2015 00:00:00 GMT

SQL Developer

Wed, 04 Mar 2015 00:00:00 GMT

IT Project Manager – Global Markets

Wed, 04 Mar 2015 00:00:00 GMT

events
13 hours 53 min from now - London
13 hours 53 min from now - San Francisco
4 days 13 hours from now - Boston
specialreports