DGAP-News: CORESTATE founds charitable foundation to promote social projects in the Frankfurt/Main region

CORESTATE founds charitable foundation to promote social projects in the Frankfurt/Main region

• CORESTATE takes further step in implementing its ESG strategy
• Foundation to finance projects through donations from CORESTATE employees
• CORESTATE employees support social programs on site on Solidarity Days
• First donations go to the Kinderschutzbund Frankfurt e.V.

Frankfurt, March 02, 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, continues to implement its ESG strategy and has set up its first charitable foundation. The purpose of the CORESTATE Foundation is to promote local environmental and social programs in the Frankfurt area. One special feature is that the foundation's projects will be financed by donations from CORESTATE employees. These employees can also actively support the foundation's projects on site on so-called Solidarity Days.

Lars Schnidrig, CEO of CORESTATE Capital Group: "By publishing our first ESG Report last year, we gave an account of our Group-wide ESG measures and committed ourselves to achieving key environmental, social and governance objectives. Against this backdrop, CORESTATE and its employees are keen to assume responsibility and support local aid organizations and social projects through the new CORESTATE Foundation."

The CORESTATE Foundation is starting its commitment by supporting the Kinderschutzbund Frankfurt e.V. Deutscher Kinderschutzbund is a nationwide, non-profit organization and lobby for children that has been committed to the protection, rights and improvement of the living conditions of children and their families since its foundation in 1953. Stefan Schäfer, Managing Director of the Frankfurt Kinderschutzbund: "The CORESTATE Foundation will help to ensure that families in need receive a baby starter kit containing the most important things they need to start their new family life. We are very much looking forward to the donations because they are an investment in the future of children."

Press contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
[email protected]

IR contact
Dr. Kai Gregor Klinger
T: +49 69 3535630107 / M: +49 152 22755400
[email protected]


About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and coinvestor with more than EUR 28 billion in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, e.g. in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found at www.corestate-capital.com.

Forward-looking statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at www.corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.