A Small German Lender Helped Fuel a Giant Property Bubble

With Corestate on the ropes, its role — and that of other private credit firms — at the nexus of a German real estate boom turned bust is becoming clearer. 

Roiled by the decline of two major real estate empires — Adler Group and Signa Holding — Europe’s largest economy has become an emblem of the excesses fueled by investors drunk on cheap money, and of the hangover they’re now facing as interest rates rise and values tumble.

Bloomberg 4 March 2024 

https://www.bloomberg.com/news/articles/2024-03-04/how-germany-s-real-estate-bubble-was-fueled-by-firms-like-corestate


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