Corestate to invest €2.4bn in micro-living assets

by   CIJ CEE I
2018-06-19   09:58
/uploads/posts/be332ba281a21c0f489153eabe60df120b449407/images/DE_correstate-logo_28.8.jpg

Corestate Capital Holding plans to invest a total of €2.4bn in its micro-living segment by the end of 2019. Corestate has dalready acquired 26 plots for development and properties with more than 7,600 apartments for students, commuters, project employees, entrepreneurs and young professionals. The current investment volume amounts to €1.8bn. Target locations are selected German and European metropolises as well as university cities. Thomas Landschreiber, Co-Founder and Chief Investment Officer, Corestate: "There are some mega-trends driving the demand for micro-apartments across Europe. Urbanization is a significant factor. We are seeing population increases in city centers with strong economies that offer good job prospects and excellent universities. These locations are attracting workers willing to travel to find employment and the student population. Micro-apartments are in demand by both groups.“