CORESTATE CAPITAL HOLDING S.A. (FRA:LU129675) Corestate subsidiary Hannover Leasing to acquire ACPS headquarters for a major German foundation

Directive transparence : information réglementée

20/07/2020 07:00

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Acquisition
Corestate subsidiary Hannover Leasing to acquire ACPS headquarters for a major German foundation

20.07.2020 / 07:00
The issuer is solely responsible for the content of this announcement.

Corestate subsidiary Hannover Leasing to acquire ACPS headquarters for a major German foundation

  • ACPS Automotive to lease for at least 15 years
  • Property meets Corestate's sustainability standards: DGNB Gold Certification planned
  • Attractive investment property in one of Germany's top 7 conurbations

Frankfurt/Main, 20 July, 2020. Hannover Leasing, a subsidiary of Corestate Capital Holding S.A. (Corestate), advised a major German foundation on acquiring the new corporate headquarters of ACPS Automotive in Ingersheim, Baden-Württemberg, and was responsible for structuring the deal. The transfer of ownership, benefits and responsibilities will take place this October.

Nils Hübener, Chief Investment Officer of Corestate: "For our client, we have structured a transaction with a contemporary investment property in the economically strong and growing metropolitan and technology region of Stuttgart. The building complex meets our high standards for sustainability and quality, will be DGNB Gold certified and is being leased on a very long-term basis. Besides the positive environmental characteristics, we have developed an attractive yield profile for our investors by means of efficient transaction and asset management structures in conjunction with balanced cash flow planning."

ACPS is a market and technology leader for towbars/hitches for passenger cars, SUVs and vans. The new building, which was completed at the end of May, is being leased to ACPS for at least 15 years and consists of an office building and a research and development hall. The rental area is approx. 5,400 m², the plot of land just under 9,800 m².

Press Contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369

IR Contact
Mario Groß
T: +49 69 3535630-106 / M: +49 162 1036025

About CORESTATE Capital Holding S.A.

CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and coinvestor with around 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.

20.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Corestate Capital Holding S.A.
4, Rue Jean Monnet
L-2180 Luxembourg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-29
E-mail: IR@corestate-capital.com
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1096871

End of News DGAP News Service

1096871  20.07.2020