DGAP-News: Corestate Capital Holding S.A.
/ Key word(s): Real Estate
Corestate subsidiary Hannover Leasing acquires state-of-the-art project development 'Weitblick 1.7' in Augsburg Innovation Park for a special AIF
Frankfurt/Main, 18 February 2021. Corestate subsidiary Hannover Leasing has acquired the state-of-the-art project development 'Weitblick 1.7' in Augsburg's Innovation Park for a closed-end domestic special AIF aimed predominantly at institutional investors such as savings banks and insurance companies. The core office investment has a total investment volume of around EUR 85 million. Hannover Leasing is providing asset and fund management for the property, which stands out for its innovative technical and sustainable features. It is one of the most modern buildings in the region and is already largely leased to well-known companies in the research and development sector. The takeover will take place after completion in the second quarter of 2021. The seller is a joint venture of Audax GmbH and Leitwerk AG.
"Our excellent regional market access has given our investors access to the top property Weitblick 1.7., which stands out for its high-tech and, above all, sustainability features. As part of Augsburg's Technology Park and under the management of our experienced team, it will prove to be an attractive and profitable long-term investment for our institutional clients," said Nils Hübener, CIO of Corestate.
With the 'Augsburg Innovation Park' located close to the city centre, one of the largest parks of its kind in Europe is being built on an area of around 70 hectares. The modern campus site will combine living, working and housing in a unique way. The significant Weitblick 1.7 project development is making a major contribution to the park's future-oriented overall concept. The digitalised building control system, for example, sets standards and promises a high degree of safety and standard. Technical highlights such as palm vein scanners at the building's entrances pay off, particularly during the corona pandemic. Thanks to the highly sustainable and energy-efficient construction method, the building achieves the best possible sustainability certification with LEED Platinum. The photovoltaic system installed on the roof and the installation of electrochromic glass underscore this holistic concept. Besides an innovative and attractive tenant mix, the project is rounded off by a day care centre and a conference area featuring catering services.
"The Weitblick 1.7 property is characterised not only by excellent quality, a long-term cash flow profile and a stable tenant mix, but also by many innovative technical and sustainable solutions. Together with the reliable and highly experienced project developer Audax, in collaboration with Leitwerk as general planner, we were thus once again able to create an attractive investment for our institutional clients," added Sebastian Hartrott, Managing Director of Hannover Leasing.
King & Spalding (Frankfurt) and Brand Berger (Munich) acted as advisors to Hannover Leasing, and Arnecke Sibeth Dabelstein (Munich) and Colliers International (Munich) accompanied the seller.
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About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with assets under management of well over 28 billion euros. As a fully integrated real estate platform, CORESTATE offers its clients sound expertise in the areas of investment and fund management as well as real estate management services from a single source. The company is internationally active as a respected business partner for institutional investors and wealthy private investors. The company is headquartered in Luxembourg and has 42 additional offices in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam, among others. CORESTATE has around 800 employees and is listed on the Frankfurt Stock Exchange (SDAX). Further information can be found at www.corestate-capital.com.
This press release may contain certain 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 described in published reports. These reports are available on our website corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements whose effect only relates to the date of this announcement.
18.02.2021 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:||1169201|
|End of News||DGAP News Service|