The news was advanced by the company’s leader in Spain, Christopher Hütwohl, to EjePrime, according to whom a project of this type in Las Tablas, with 207 apartments, is already under way. Two more projects will be added in Lisbon, plus two in Barcelona and two in Madrid, with between 200 and 300 beds each.
In total, these projects should offer between 1.500 and 2.000 beds, destined to high executives who are temporarily dislocated in these cities (typically for less than a year).
Corestate currently manages a 28.000 million euro portfolio all over Europe, and it is working towards expanding it to 50.000 million euro within the next few years. A quarter of this amount should be invested in alternative assets.