After successful operations in the Netherlands, the
Coriander Property Group started concentrating on
the German real estate market in 2001.
Aiming at sustained
modernization and development, the Coriander Property
Group today puts the main investment focus on large
real estate with development potential in strategically
advantageous locations. The utilization portfolio
refers almost exclusively to urban areas. At present,
new investment possibilities in the Netherlands and
in Germany are being evaluated with the goal of acquiring
a total value of 250 to 350 million euros by 2010.
During its first years the Coriander Property Group
acquired counter-cyclically, mainly in a seller's
market with an oversupply situation. Following development
and modernization, many properties were profitably
put on the market to immediately distribute the generated
capital in dividends to banks and investors. During
the last ten years, the Coriander Property Group thus
achieved an indirect annual sales profit of 15-20%
- albeit a rather weak general economic growth.
The owners’ and investors’ confidence
in the management is high. As a result of profitable
investments in the past, the company’s shareholders
have decided to invest new capital to attain
the Coriander Property Group’s goal of completing
new and large projects with a sustained yield, backed
up with sound financial support from banks.