Real estate investment manager Corestate Capital will expand its product range, particularly in the Micro Living and Private Debt segments, thus taking advantage of the tailwind of an attractive domestic and European market environment. The company announced this prior to its Annual General Meeting.
"2018 was marked by numerous transformation processes in order to further develop the company into a leading partner for real estate investors, especially from the institutional sector. In 2019, we will continue to focus on our customers, who will benefit from our product offensive. On the expansion side, we are targeting not only Germany but also the rest of Europe," said Lars Schnidrig, CEO of Corestate.
The company plans to consistently expand its European presence this year. New major projects are being launched in Vienna, Frankfurt, Cologne and Düsseldorf, and further attractive building sites have recently been acquired in various European cities. New co-living projects are also in the pipeline including Berlin, Amsterdam and Rotterdam.
In addition, Corestate's subsidiary HFS will broaden its Private Debt offering. The growing demand for residential space in German metropolises is already far exceeding supply, both today and in the coming years, and the demand for financing in real estate development is correspondingly high. This growth is reflected in the increase in HFS's fund volume in the first quarter of 2019 to over €1.25bn and very stable margins.