Corestate targets up to €1b in deals over next year

Swiss-based investor Corestate is targeting up to €1 bn in deals over the next year, according to Steffen Ricken, the company's managing director and head of global capital raising.


'Germany is the hotspot for safe investment opportunities,’ said Ricken. ‘Our funds are opportunity-driven and we have a target return of 5% to 6%.’

Corestate will consider most asset classes and is also keen to acquire residential portfolios in Germany, Ricken said. ‘We’re largely interested in secondary locations and will consider portfolio sizes of up to €500 mln, for both core and more opportunistic assets,’ he said.

Club deals are also increasingly important, said Ricken, who added that Corestate works with both traditional lenders and alternative lenders such as pension funds.