Corestate hires Georg Reul

The former head of institutional funds at IVG Group is to run the German fund business of Switzerland-based private equity real estate firm, Corestate Capital

Georg Reul has been appointed to head the German fund business at Zug-based Corestate Capital.

The real estate veteran, who led IVG Group’s institutional funds business in Germany, is joining the private equity real estate firm on August 1 and will be part of its management board.

He will be responsible for its fund business in Germany.

Reul served IVG Group for 14 years, the last five of which he was a member of IVG’s management board. IVG, which manages around €22.7 billion of assets, announced his departure at the end of March.

The business has raised equity capital for Corestate German Residential Limited, Corestate German Commercial Properties Fund, Special Situations and Student Homes.