Corestate Capital Group, an investment manager and co-investor headquartered in Luxembourg – through companies administered by Corestate – has signed notarized agreements concerning a significant asset management mandate and the sale of retail portfolios to Universal-Investment funds of the Bayerische Versorgungskammer. The investment vehicle will be administered by Universal-Investment-Luxembourg S.A.
Corestate shall be instructed with the asset management. With a value of €687m, the existing portfolio comprises a total of 90 properties in German cities and consists of sub-portfolios acquired as part of Corestate’s club deal program.
The transaction is subject to the approval by the Federal Cartel Office.
