Corestate Capital Holding completed the acquisition of Aggregate Financial Services for €113m.

Corestate Capital Holding, an investment manager, completed the acquisition of Aggregate Financial Services, a debt financing platform and fully licensed securities trading bank, for €113m. “The real estate private debt market is benefiting from long-term and sustained drivers such as the rising regulatory requirements for banks, urbanisation and demographic change. As a financing platform for the entire real estate life cycle with recently expanded product expertise and an already leading position in the market, the future Corestate Bank will profit disproportionately from this growth and build further on its many years of success. There are also synergy effects and cross-selling potential of at least € 10m a year on both the client and offer side from which Corestate’s real estate equity business also stands to benefit greatly through expanded and early access to real estate projects,” René Parmantier, Corestate CEO.