DGAP-News: Corestate Capital Holding S.A.
/ Key word(s): Real Estate
CORESTATE continues to grow in Europe: First Micro Living properties acquired in Poland for Bain Capital Credit
- Total investment of EUR 73 million in Krakow and Gdansk
- Two student residences and one serviced apartment property
- Micro Living Segment grows to over 30,000 beds
- European presence expanded to 11 countries
Frankfurt, February 3, 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, has acquired its first Micro Living properties in Gdansk and Krakow for Bain Capital Credit, a leading global credit specialist with approximately $ 41 billion in assets under management. In December 2019, the two companies entered into a joint investment partnership in Poland in the student apartments and serviced apartments segment. The agreed total investment framework initially amounts to around EUR 500 million and also includes asset and property management agreements.
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.
03.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Corestate Capital Holding S.A.|
|4, Rue Jean Monnet|
|Phone:||+49 69 3535630-107|
|Fax:||+49 69 3535630-29|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||965943|
|End of News||DGAP News Service|