CORESTATE, a specialist real estate investor based in Zug, Switzerland, has initiated the launch of property management firm CAPERA Immobilien Service GmbH. CAPERA's first mandate will be the management of 14,000 German commercial and residential units owned by CORESTATE.
The sales-oriented property management firm starts its business in July with 100 employees and six regional offices in Germany and will be led by Walter Leitner. The range of services was closely developed with CORESTATE and is especially tailored to the needs of national and international institutional investors and fund managers.
"The German real estate market is in need of a professional property management firm with nationwide operations. Our inventive real estate management concept is based on a performance-based compensation, much to the contrary of current market-standard remuneration systems. German real estate has enormous potential if managed professionally. The strategy of the new company also implies acquiring existing companies, in order to benefit from additional synergies in the operations", says Ralph Winter, Founder of CORESTATE Capital AG.
"In Walter Leitner we found an exceptional real estate and property management professional, who has more than 20 years of experience and an excellent network." Walter Leitner was managing director at alt+kelber Immobiliengruppe, where he established the nationwide real estate service provider with over 350 employees, active in the areas of sales as well as asset- and property management for 45.000 commercial- and residential units.
"Our service offers a comprehensive and professional management for portfolios including niche concepts“, explains Walter Leitner, managing director of CAPERA. "We see ourselves as an administrator and manager of large, nationwide scattered portfolios. We are able to provide services even for mal-performing portfolios and implement innovative measures in order to increase value. We serve the needs of investors regarding transparency, reporting and controlling. It is very important to us to ensure that our customers have access to daily updated data and analyses through our real-time information system."
Source: Business Network