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CORESTATE sets up open-ended residential property special AIF with at least EUR 300m equity
The CORESTATE Residential Fund II focuses on newly built residential property in metropolitan areas and prospering cities throughout Germany and will aim at an annual payout rate of at least 4%.
Thomas Landschreiber, CIO and Co-Founder, CORESTATE: “The increase in demand from institutional investors since CORESTATE’s listing in autumn 2016 is remarkable. Due to our strong network and asset sourcing capabilities we have top quality assets worth several billion EUR in our pipeline, which secures us an excellent advantage over our competitors. Residential real estate represents one of our strongest asset classes.”
CAPERA Immobilien Service GmbH, a CORESTATE subsidiary, will be responsible for the property management.
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