“CORESTATE works customer-oriented at all times and understand our needs as an institutional investor. The cooperation is always trustful and goal-oriented.”
CORESTATE has signed the United Nations Principles for Responsible Investment (UNPRI). The commitment to these sustainability standards is a key component of CORESTATE’s integral Environmental, Social, Governance (ESG) strategy, under which ESG criteria are factored into all of the company’s business processes and practices, thereby embodying these best practices of corporate governance.
CORESTATE is launching its new open-ended Special-AIF “CORESTATE Residential Germany III fund” (CRG III). Following the full placement of CRG II in January 2019, CORESTATE now continues the successful series. The fund’s investment focus will be on new-built residential properties in major metropolitan areas and thriving cities throughout Germany. The institutional fund, with a target volume of EUR 300 million, seeks to generate ongoing distributions of at least 4% p.a.
CORESTATE arranged the purchase last year of seven additional properties, with a total value of some EUR 100 million, for a high-street property fund of Bayerische Versorgungskammer (BVK). With these new investments, the assets of the portfolio, managed by CORESTATE on behalf of BVK, has now reached approx. EUR 800 million, with a total of 97 highstreet retail property holdings throughout Germany. In the current year as well as 2020, the number of property investments is to be further increased as suitable buying opportunities come available.
*plus 210 service employees in the assets. Their wages are disbursed by CORESTATE but carried by the respective owner.