Corestate Capital to list on Frankfurt exchange next month

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Switzerland-based investment manager Corestate Capital is planning to list its shares in Germany next month.

Sascha Wilhelm, chief executive at Corestate, said: “Corestate has grown to become a leading real estate investment manager in recent years. Since our inception, we have completed real estate transactions with a volume of approximately €5.6bn.

“We are now seeing stable demand for real estate investment products in general and for comprehensive investment management solutions, in particular.”

The move comes 12 months after the Swiss manager abandoned a listing.

The 2015 initial public offering, first prepared in October last year, was dropped due to a difficult environment for IPOs in the German and UK stock markets, it said.

With the listing on the Frankfurt Stock Exchange, Wilhelm said the company would be opening up “sustainable access to the capital market” that it would continue to use to finance growth.

The company’s two largest shareholders are co-founder Ralph Winter, with 64.2%, and Swiss company Intershop, with 28.1%.

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    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

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    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

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