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CORESTATE Capital AG Baarerstrasse 135 6300 Zug, Switzerland http://www.corestate-capital.ch
Contact Oliver Stumm +41 44 214 65 52
Company logo of CORESTATE Capital AG
CORESTATE Capital AG

CORESTATE closes German Residential Fund

(PresseBox) (Zürich, )
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- Fund attracts almost EUR 486 million (USD 766 million) of equity from investors
- Target investment volume of EUR 2.0 billion (USD 3.2 billion) despite subprime crisis

CORESTATE Capital AG has completed the capital raising for its real estate private equity fund, CORESTATE German Residential Limited, as planned. The fund attracted EUR 486 million (USD 766 million) from institutional investors. This was announced by the Swiss-based investment house today.

The fund invests directly and indirectly in German residential real estate. The total target investment volume is around EUR 2.0 billion (USD 3.2 billion), of which approximately 50% has been acquired.
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.