Swiss real estate investor Corestate Capital has announced the acquisition of an 'ailing' portfolio of 2,300 apartments in Germany for EUR 77 mln. The portfolio comprises 137 properties located mainly in North Rhine-Westphalia. The vendors were unnamed foreign investors who acquired the assets during the peak of the German real estate cycle.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
