Corestate wins operative asset management mandate for €110 million portfolio (DE)

WGF Group commissioned Corestate, a Swiss capital investment company, to handle the operative asset management of residential real estate with a total area of about 140,000 m². The service agreement was signed for an initial period of five years.

One focus of the Corestate mandate will be the continuous rollback of portfolio vacancies, combined with efforts to enhance tenant loyalty. The properties are located at more than 50 locations throughout Germany, mainly in the states of Hesse and North Rhine-Westphalia.

"High-end portfolio administration and management are part of our core competence. This will generate substantial future appreciation potential for the owner," said Thomas Landschreiber, Director of Corestate Capital AG.

Source: Business Network

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