BERLIN-Corestate Group, a Zug/Switzerland-based private real estate investor, has purchased a residential and commercial portfolio for approximately EUR 230 million. The company has acquired the portfolio, which comprises 3,000 apartments in Berlin and an office property in Stuttgart, from a foreign investor.
The Stuttgart office building is leased to the State of Baden Wurttemberg. Corestate is planning to invest additional funds to renovate and upgrade the properties. For the full story, go to PropertyMall .
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