SINGAPORE—Corestate, a specialty real estate investor based in Zug, Switzerland, with partner offices across Europe, is expanding its activities to Asia by opening an office in the Republic of Singapore.

The primary goal of the expansion is to be in a better position to serve the firm's existing investors from the Middle East and Asia, while also increasing its fundraising and investment efforts in these markets. The office opened in mid-April.

Corestate founder Ralph Winter will oversee the office, frequently commuting between Switzerland and Singapore during the set-up phase of the branch.

“Asian economies have experienced outstanding growth rates over the past decade, and are set for continued appreciation,” Winter said. “As a result, the total amount of cumulative wealth has exponentially increased not only in China, Singapore and Hong Kong, but also in economies such as Indonesia, Malaysia and Vietnam. Asian real estate markets will become increasingly important contributors to global GDP, and regional investors even more active in global investments in real estate.

"We therefore focus on stepping up our efforts to offer our investment products to those Asian institutional and private investors who are looking to diversify their portfolio by allocating capital to the European real estate market.”