Days after dropping plans for a Frankfurt listing of part of its business, Swiss-based investor Corestate Capital Group has confirmed its faith in the fundamental strength of German real estate with the acquisition of €125 mln of retail assets.

Days after dropping plans for a Frankfurt listing of part of its business, Swiss-based investor Corestate Capital Group has confirmed its faith in the fundamental strength of German real estate with the acquisition of €125 mln of retail assets.

The transaction relates to 20 individual retail buildings located in pedestrian zones of German mid-sized cities such as Bremen, Düren and Flensburg.

The overall 56,000 m2 package features a diversified mix of locations, assets and tenants such as C&A, H&M, Rewe and Saturn.

'This product line represents a stable investment opportunity for our investors who expect a regular distributable cash-flow,' said Corestate CEO Sascha Wilhelm. 'In comparison to similar investments within Germany's "Big Seven Cities" we are able to achieve attractive risk-adjusted returns. We see great potential in this market and will continue to pursue this strategy,' he added.

Earlier in November Corestate dropped plans for a €150 mln IPO of its Luxembourg-based unit on the Frankfurt stock exchange. The company cited 'the current difficult market environment for IPOs in the German and UK stock markets' for its decision to cancel the share offer and listing.

___________________________________

INVESTMENT BRIEFING

___________________________________

Outlook 2016: Europe & Germany
Date 26 November 2015
Time 09:00 - 11:30
Location Ashurst, Opernturm Frankfurt
Frankfurt 60306, Germany

The fourth year of the successful Outlook series of investment briefings is coming to Frankfurt and will provide insights from leading figures on the investment outlook for real estate markets in both Germany and Europe.

Click here to secure your complimentary place