DGAP-News: CORESTATE's client investments in value-added commercial properties reach EUR 500 million threshold

CORESTATE's client investments in value-added commercial properties reach
EUR 500 million threshold

- Highly profitable asset class with up to double-digit returns for investors

- CORESTATE clients benefit from efficient Manage-to-Core strategy

- Selective choice of properties in up-and-coming B-locations in A-cities

- Recently acquired Munich value-added property fully placed with new clients

Frankfurt/Main, November 4, 2019. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, is expanding its business with value-added commercial properties. Over the past two years, the company has acquired properties with a total investment volume of around EUR 500 million for clients in this highly profitable business segment. In Germany and selectively in Europe, CORESTATE focuses on properties in up-and-coming B-locations in A-cities with acquisition profiles generally in the mid to upper double-digit million range. The value creation potential of these properties is leveraged as part of CORESTATE's successful 'Manage-to-Core' strategy.

Lars Schnidrig, CEO of CORESTATE Capital Group: "With value-added investments, our clients benefit from our many years of experience in asset management and our market access to this attractive asset class. We increase the profitability of their value-added real estate through our efficient 'Manage-to-Core' approach. At the same time, we sustainably increase their value. This enables us to generate double-digit returns for our clients on these investments."

A value-added commercial property recently acquired in Munich was fully placed as part of a club deal. The property located in an attractive micro location on 'Am Schatzbogen' in the east of the city has an investment volume of around EUR 54 million. With a loan from the new financing partner Airbus Bank GmbH, a wholly-owned subsidiary of Airbus SE, it was also possible to structure a very attractive financing of EUR 35 million with a term of four years.

Press Contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
jorge.person@corestate-capital.com

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630107 / M: +49 152 22755400
ir@corestate-capital.com

 

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR26 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, Madrid, Singapore and Zurich. The company employs around 700 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 ir.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.