CORESTATE, based in Zug, Switzerland, with partner offices in London, Frankfurt, Luxembourg and Essen, is expanding its activities to Asia by opening an office in the Republic of Singapore. Premier goal is to be in a better position to serve CORESTATE’s existing investors from the Middle East and Asia, while also increasing its fundraising and investment efforts in these markets. The office, having opened in mid-April, is located at 80 Raffles Place 28-05, UOB Plaza 1.
Ralph Winter, Founder of CORESTATE, will oversee the office, frequently commuting between Switzerland and Singapore during the set-up phase of the branch. He comments:
“Asian economies have experienced outstanding growth rates over the past decade, and are set for continued appreciation. As a result, the total amount of cumulative wealth has exponentially increased not only in China, Singapore and Hong Kong, but also in economies such as Indonesia, Malaysia and Vietnam. Asian real estate markets will become increasingly important contributors to global GDP, and regional investors even more active in global investments in real estate. We therefore focus on stepping up our efforts to offer our investment products to those Asian institutional and private investors who are looking to diversify their portfolio by allocating capital to the European real estate market.”
“At the same time, expanding our platform with an Asian office is the logical next step in building CORESTATE into a globally linked real estate investment house. It is going to provide us with a strong local foothold, which we will also use to analyze and source investment opportunities in the region.”