DGAP-News: Corestate Capital Holding S.A.
/ Key word(s): Real Estate
CORESTATE's client investments in value-added commercial properties reach
- 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.
About CORESTATE Capital Holding S.A.
04.11.2019 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:||903417|
|End of News||DGAP News Service|