Corestate Capital has hired Alexander Hoff as chief investment officer.
Hoff, who was most recently chief executive at Australian-owned GPT Halverton Germany, will become chief investment officer at the Zurich-based firm.
Corestate said in a statement that Hoff would be responsible for international expansion of the real estate and investment portfolio as well as helping structure new funds.
Thomas Landschreiber, who co-founded Corestate in 2006 along with Ralph Winter, former Cerberus Deutschland real estate head, will now focus exclusively on his role as chief operating officer.
Hoff has held a variety of senior positions in the real estate industry. Prior to GPT Halverton Germany he was at Vivico and Richard Ellis. To date, he has been responsible for real estate transactions amounting to €1.5 billion ($2.1 billion).
Following his appointment, Corestate has a core of four people on its management team. The others are chief financial officer Daniel Schoch, head of capital raising and investor relations, Christian Schulte Eistrup, and Landschreiber.
Winter, chairman of the supervisory board, said the appointment of Hoff enhanced the firm’s ambitious growth plans. Up until now, the firm has had a focus on Germany. In May it raised nearly €490 million for a residential fund. In July, it took a stake in Alta Fides marking its entry into the student accommodation sector.