Corestate appoints Zimper as new MD

Swiss real estate investor Corestate has appointed Oliver Zimper as its new managing director.

In his new role Zimper will lead Corestate’s commercial real estate division and will oversee the management of new and existing assets. He will also join the management board and investment committee of the company.

Zimper joins Corestate from IVG Asset Management, where he served as managing director. At IVG, Zimper executed real estate transactions in Europe with a volume of approximately €5 bn.

Commenting on the appointment, Corestate founder Ralph Winter said: ‘Oliver Zimper has shaped IVG’s international investment club deal activities over the past years. Bringing the new team's vast experience in European real estate together with our integrated investment and asset management platform creates an ideal basis for a spree of investments in German and European commercial real estate.’

‘Besides our recent activities in distressed property in Central Europe, we are now prepared to target anti-cyclical investments in core and value-added transactions across the continent.’