Corestate launches new debt advisory service

German property firm Corestate has announced plans to start offering investors consulting services for commercial real estate financing with a value above €5 mln.

Frankfurt-based Corestate said that the decision is a direct response to clients’ growing demand for the service as a result of the growing complexity of lending owing to a number of factors including regulatory requirements as well as the current difficulty in accessing bank loans.

The new unit, headed by group head of debt finance and debt advisory Matthias Heimann, will focus on the structuring of financial transactions, the search for suitable lenders and the conclusion of transactions within a previously defined time frame.

Heimann will work together with Simon Scholl, who will be responsible for the new advisory service as director debt advisory. Scholl joined Corestate Capital Group on April 1, 2020 and was previously responsible for the German debt advisory business at private bank ODDO BHF.

‘Our clients are increasingly asking us for support in financing their real estate projects,’ said Lars Schnidrig, CEO of Corestate Capital. ‘Our debt advisory team has decades of financing expertise, giving them access to more than 120 national and international lenders. This is complemented by our transaction experience of recent years, with a total of more than €1 bn of our own financing volume. At the same time, we are once again sharpening the profile of our full-service platform, through which we offer our clients all products and services relating to their properties from a single source.’

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