Corestate acquires former HQ of perfume brand 4711 in Cologne

Corestate Capital Holding S.A. has acquired one of Cologne’s landmarks, the former headquarters of the perfume brand 4711, which it will redevelop into an apartment-hotel project. The scheme’s projected market value is approximately €60m. The property is part of Barthonia Forum, a 70,000 sqm mixed-use residential, commercial and retail area. Located in the city’s Ehrenfeld district, the scheme benefits from direct access to shopping amenities, various restaurants and bars, a gym, a park and public transportation.