Corestate, a fully integrated real estate investment manager and co-investor based in Luxembourg, announces the acquisition of 18 single and well located retail properties in prime locations in pedestrian zones of German mid-sized cities such as Göttingen, Kaiserslautern, Lörrach or Lüneburg.
The properties comprise more than 7,000m² and contain a highly diversified mix of locations, assets and well known tenants. Major tenants are Inter Alia, C&A, Depot, DM, H&M and S.Oliver.
Thomas Landschreiber, Chief Investment Officer of Corestate: "We have now closed six portfolios in our high-street retail strategy, bringing the overall investment volume to over €1bn. The portfolio represents around 110 acquired properties with strong rental covenants. We see high potential in this market and will continue to pursue this strategy."
