Switzerland-based investment manager is planning to list its shares in Germany next month.
Sascha Wilhelm, chief executive at , said: βCorestate has grown to become a leading real estate investment manager in recent years. Since our inception, we have completed real estate transactions with a volume of approximately β¬5.6bn.
βWe are now seeing stable demand for real estate investment products in general and for comprehensive investment management solutions, in particular.β
The move comes 12 months after the Swiss manager .
The 2015 initial public offering, first prepared , was dropped due to a difficult environment for IPOs in the German and UK stock markets, it said.
With the listing on the Frankfurt Stock Exchange, Wilhelm said the company would be opening up βsustainable access to the capital marketβ that it would continue to use to finance growth.
The companyβs two largest shareholders are co-founder Ralph Winter, with 64.2%, and Swiss company Intershop, with 28.1%.
