Urban district

DGAP-News: Corestate acquires Trophy city quarter in Nuremberg from Gerchgroup for Bayerische Versorgungskammer

Retrieved on: 
Friday, September 18, 2020
Nuremberg, BVK, Urban district, CORESTATE Capital Holding S.A., GERCHGROUP, Bayerische Versorgungskammer

Reference building for the new product focus on urban districts, pipeline filled with numerous projects

Key Points: 
  • Reference building for the new product focus on urban districts, pipeline filled with numerous projects
    City of Nuremberg to rent approx.
  • CORESTATE Capital Group S.A. (Corestate), a leading independent real estate investment manager in Europe, has acquired the main part of the Trophy city quarter development "The Q" in Nuremberg for an institutional investment mandate from Bayerische Versorgungskammer (BVK).
  • The property will be developed into one of the most modern urban districts in Germany by the Dsseldorf-based seller, Gerchgroup.
  • Corestate is consistently expanding its new product focus on city quarters and intensifying its investment activities in the "core" segment.