Corestate Capital, the Swiss-based real estate investment manager, has announced plans to go public.
The listing of Corestate's shares is scheduled for October 4, on the Frankfurt Stock Exchange.
Corestate said that a capital increase by means of a private placement was successfully completed prior to the approval of the security prospectus.
'Corestate 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 €5.6 bn. We are now seeing stable demand for real estate investment products in general and for comprehensive investment management solutions, in particular.,' commented Sascha Wilhelm, CEO of Corestate.
'With the listing on the Frankfurt Stock Exchange, we will be opening up sustainable access to the capital market for our company, which we intend to continue to use in the future to finance our growth,' concluded Wilhelm.
