CORESTATE Capital Group ("CORESTATE"), a fully integrated real estate investment manager and co-investor, continues the expansion of its high street strategy. Together with other investors, the CORESTATE Group now owns and manages more than 100 retail properties in prime city-centre locations in mid-sized German cities, including eight shopping centres. Among the anchor tenants are fashion chains C&A, H&M, New Yorker and TK Maxx; technology and entertainment store Saturn; optician brand Fielmann; as well as drugstore chains dm and Rossmann. The portfolio is valued at over €850m and has a total lettable area of around 370,000m². The volume of the portfolio is expected to exceed €1 billion by the end of 2016.
CORESTATE has been focusing on the secondary high street segment since 2014. Thomas Landschreiber, Chief Investment Officer of CORESTATE Capital Group: "Early on, we recognised the trend towards B-cities. Our high street investment strategy is aimed at assembling an extensive and highly diversified portfolio of top retail properties. Due to our excellent local market knowledge, we have access to a wide range of promising properties. This allows us to offer a stable alternative investment opportunity for investors who expect secure income combined with high quality covenants."
