CORESTATE Capital Holding S.A. is launching a new investment program for its Club Deal clients, which will invest in value-add retail, office and residential buildings in mid-sized European cities. The diversified multi-club-deal investment program will target private investors, family offices and institutional investors. CORESTATE is taking an active asset management approach with a ‘manage-to-core’ strategy and will invest in undermanaged properties that offer value creation potential through renting, modernizing or repositioning these properties. The focus will be on the German market, but acquisitions may well also include individual properties in Spain, the Netherlands, Poland and the UK. The investment horizon is five years, target IRR is 16%. The program with a target volume of EUR 100-150 m will be structured as a Luxembourg-domiciled closed-end Reserved Alternative Investment Fund (RAIF).
