The multidisciplinary real estate service provider Corpus Sireo, Cologne, is coming to the Expo Real in Munich with new business of more than €3.6bn. As of the end of the first half of 2016, the Cologne-based company belonging to Swiss Life Asset Managers had acquired new properties and management mandates worth more than €3.6bn over the past 12 months. In the same period, the company recorded disposals from sales and scheduled mandate terminations worth just under €2bn. Together with the sister companies of Swiss Life Asset Managers in Switzerland, France and Germany, the company now manages its own and third-party assets with a total value of more than €63bn throughout Europe.
Corpus Sireo is planning further growth, particularly for fund business and asset management on behalf of third parties. Over the next four years, the company aims to considerably more than double the fund volume under its management, currently amounting to around €1.7bn. To this end, CORPUS SIREO plans to offer new fund products for institutional investors and for new target investor groups not just from Luxembourg but also from Germany in the future. A licence for a German asset management company has therefore been applied for and is expected to be approved in the fourth quarter of 2016.
Bernhard Berg, CEO of CORPUS SIREO, comments: “We have launched four new funds since 2012 and also perform various consulting mandates for institutional investors. We intend to significantly increase this rate over the coming years, particularly by taking advantage of our opportunities with pension funds more actively. In addition, we wish to tap new markets in Scandinavia, Eastern Europe and Austria. This may be done through investments in these regions or by establishing new branches.”
