Commercial real estate

Property Press Releases

2010-03-24

Message delivered via CORESTATE Capital AG. The emitter takes responsibility for the content.

Germany | Running Deal Commercial Property

Swiss Investor Corestate Wins operative Asset Management Mandate for € 110 Million Portfolio

Germany: WGF Group commissioned Corestate, a Swiss capital investment company, to handle the operative asset management of residential real estate with a total area of about 140,000 square metres. The service agreement was signed for an initial period of five years.

One focus of the Corestate mandate will be the continuous rollback of portfolio vacancies, combined with efforts to enhance tenant loyalty. The properties are located at more than 50 locations throughout Germany, mainly in the states of Hesse and North Rhine-Westphalia.

“High-end portfolio administration and management are part of our core competence. This will generate substantial future appreciation potential for the owner,” said Thomas Landschreiber, Director of Corestate Capital AG.

Silke Otto for CORESTATE Capital AG - 2010-03-24

Announcement by CORESTATE Capital AG. The originator takes responsibility for its content.

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