Corestate: “High Street VII” closed at €212mn
Corestate has closed its club deal “High Street VII”. After an acquisition in the pedestrian zone in Cloppenburg, the portfolio comprises 24 retail assets with a total area of just under 100,000 sqm in 17 mid-sized German cities. The investment volume lies at around €212mn, anchor tenants include dm, Müller, New Yorker and Rewe. The successor product “High Street VIII” was launched in April and is already invested in properties in Rostock and Sindelfingen. The planned target investment volume is €250mn. Overall, Corestate has contributed retail assets with a total volume of more than €2bn to the investment series.
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