Corestate Capital Holdings has appointed Dr Michael Bütter as a new Chief Executive Officer (CEO). The appointment will become effective on May 1st, 2018, following the departure of Sascha M. Wilhelm. Dr Bütter will be in charge of Corestate Group's strategy, international expansion, M&A activities including strategic investments, management of real estate investors as well as client relations.
Dr Michael Bütter has more than 18 years of experience in the real estate and private equity industry. He advises Corestate as a Member of the Senior Advisory Circle since 2016. The 47-year old is currently a Member of the Extended Management Board as well as Group General Counsel and SVP HR & Communication of the S-DAX of the Frankfurt Stock Exchange-listed Scout24 AG and Managing Director of Immobilien Scout GmbH.
Acting as a member of the Management Board (Chief Investment Officer and Chief Legal Officer) of Ferrostaal Group, Dr Michael Bütter was responsible for the successful exit of the private equity investor. In his function as a long-standing member of the Executive Board of Deutsche Annington Immobilien SE (Vonovia SE) as well as its Group General Counsel he led, amongst others, the €6bn CMBS refinancing and the complex IPO of the later DAX company to success. Dr Michael Bütter currently serves as a member of the supervisory boards of ASSMANN BERATEN+PLANEN AG (Deputy Chairman), ADO Properties S.A. (Head of Audit Committee) as well as TLG Immobilien AG (Deputy Chairman) and is a Member of the German Management Board of RICS. He studied law and economics in Hamburg and Oxford and is a doctor of law.
Sascha M. Wilhelm said: “It is a good and appropriate time to hand over a successful Company into new hands. I know and appreciate Michael Bütter and will support him to the best of my ability.”
Micha Blattmann, Chairman of Corestate’s Supervisory Board, said: “We are convinced that Dr Michael Bütter has the management skills and experience to develop Corestate Group into an internationally successful investment house in a stable and consistent manner. The diversification of our product range and the ongoing digitalization combined with a balanced consolidation strategy are the primary value drivers of our strategy. We would like to thank Sascha Wilhelm very much for his continued commitment over the past years, with which he has successfully helped to develop Corestate into a leading investment manager and co-investor in the real estate sector with excellent prospects."
Dr Michael Bütter comments his new role: "I am fully dedicated to add value and to expand Corestate's product and international investor base and increase the Company’s value. Corestate is extremely well-positioned to further drive the consolidation process within our industry. Jointly with my colleagues on the Executive Board, I would like to make Corestate the leading real estate investment manager."