Germany's real estate bubble, fueled by firms like Corestate, faces a hangover due to rising interest rates and tumbling values.
Germany's real estate bubble, fueled in part by firms like Corestate, has left the country facing a hangover as interest rates rise and values tumble. Corestate financed some of Germany's wilder property bets, exemplifying the web of entangled interests in the country's development industry. Project Walter, acquired with Corestate financing, now lies silent with an uncertain future after defaulting on debt.
March 04, 2024
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