Corum Investments maintained a high rate of savings capture during the first three months of the year. It attracted an additional 156 million euros from small and large savers who trust in the Manager’s ability to take advantage of the market context to rigorously manage their savings and achieve the remuneration objectives it sets out to achieve.
After the record of just over a billion euros raised in 2023, the French Real Estate Investment Company maintained a strong volume of new entries at the start of this year, attracting 64 million euros for what was the launch product in the market in 2012, the Corum Origin, with the remaining 92 million divided between the Corum XL and the Corum Eurion.
“We feel the enormous confidence that European savers, many of them Portuguese, have in the management we carry out to make their savings profitable”, says Miguel Costa Santos, highlighting that funding in the national market is growing, but will tend to be reinforced with the objective already announced to open the distribution of Corum funds to the network of national financial institutions.
“The opening of new distribution channels will contribute to the democratization of access to new savings instruments with attractive potential returns for the Portuguese”, adds the Country Manager of Corum Portugal, remembering that it is possible to invest in Corum funds for just 1,135 euros, in the case of Origin, or even 195 euros, in the case of XL, with the possibility of making monthly reinforcements of just 50 euros. The manager’s objective is to achieve returns of 6% and 5%, on Origin and XL, respectively.
With this volume of new subscriptions, the Corum group increased the value under management to around 7.8 billion euros, of which 6.20 billion are invested in commercial real estate assets. Currently, Corum has investments in 17 European countries and Canada, in more than 200 properties (16 of them in Portugal), leased to more than 400 companies, with the financial occupancy rate exceeding 96%.
The funds raised allow Corum to continue with its investment strategy in commercial properties, whether supermarkets, warehouses, hotels or offices, taking advantage of the current context, marked by a depreciation in the value of properties resulting from the reduction in the number of buyers who feel the impact of high interest rates.
What for many is a “real estate crisis”, is a source of opportunities for Corum, as other moments have been in the past. Since it has a low level of credit in the operations it carries out, the current context is seen as conducive to making acquisitions at competitive values, with attractive rents generated for its investors from quality tenants.
In this sense, during the first quarter two acquisitions were made, one in Italy and the other in Spain. In Italy, the Palazzo di Fuoco, in Milan, was acquired for 71 million euros, with a yield of 7.1%, while in Spain Corum acquired a logistics platform for a value of 18.7 million euros that ensures a yield of 8.5% per year for 20 years. At the same time, a sale was made in the Netherlands for €19.5 million, which generated a gross capital gain of €4.5 million.
