CORESTATE Capital AG, a specialist private equity real estate investor focused on Germany, has today announced the opening of its first UK office at 21 Bruton Street, London, bringing the Group's total European network of offices to four.
This latest office opening continues Corestate's focus on growing its European platform.
London will become the Group's investor relations' hub, allowing it to broaden its capital reach and enhance the depth of its services to clients. Additionally, Corestate views the UK as a core European market offering and one with significant opportunities for future investment.
Founded in early 2006 by Ralph Winter, Corestate's HQ is in Zug in Switzerland, with partner offices in Luxembourg and Frankfurt. With over 50 employees in the Group, Corestate is active in the German market as an investor, co-investor, seller and asset
manager.
The Group has already invested over more than 1.8 billion in the German real estate market, either directly or through business holdings, with a specific emphasis on the residential and student accommodation sub-sectors, in which it is a leader.
Ralph Winter, Founder of Corestate, commented: "This latest office opening strengthens and consolidates our growing prominence in Europe and allows us to further expand our business. In the four years of operations, we have already established a wide investor base, including international institutional investors, and a strong track record of managing German residential and commercial property, launching new fund products and dealing in distressed asset opportunities. The opening of our new London office will both enhance the Company's visibility and help accelerate our growth in the region through increased operational capability."
Ralf Nöcker, Managing Director of Corestate, added: "We expect the UK market to deliver a number of interesting opportunities over the coming years and therefore believe the opening of this office is the next logical step both to expand our growing portfolio of assets and funds, and to increase our investor base and client servicing capability."
Source: FD
