19.01.2017
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire Micro-Apartment Asset in Hamburg, Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Acquisition/Real
Estate
Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire
Micro-Apartment Asset in Hamburg, Germany
19.01.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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CORESTATE and Universal-Investment Acquire Micro-Apartment Asset
in Hamburg, Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate
investment manager and co-investor, acquires a micro-apartment asset with
179 units in Hamburg, Germany. This asset was purchased for the real estate
umbrella fund, which was launched on the Luxembourg AIF-Platform of
Universal-Investment on behalf of Bayerische Versorgungskammer (BVK). The
asset was sold for EUR 64m by Jargonnant Partners S.à r.l.
The high-rise building called "Grindelhochhaus" in the district of Hamburg-
Harvestehude features a lettable area of 14.800 sqm and 179 units, twelve
offices, eight storage as well as six commercial units.
Thomas Landschreiber, CIO, CORESTATE: "This second prompt acquisition for
the jointly launched fund with BVK proves our ability to precisely assess
the market and successfully implement the fund's approach."
IR Contact CORESTATE
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / [email protected]
PR Contact CORESTATE
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / [email protected]
PR Contact Universal-Investment
Bernd Obergfell
Phone: +49 69 71043575 / [email protected]
CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. is a fully integrated real estate investment
manager and co-investor seated in Luxembourg that also has offices inter
alia in Frankfurt, Zurich, Madrid and Singapore. Since foundation of
CORESTATE in 2006 the generated transaction volume amounts to approximately
EUR 5.7bn. CORESTATE accompanies its customers along the entire value
creation chain of a real estate investment product and covers, in
particular, deal sourcing and the development of investment products,
structuring and execution of transactions, real estate investment
management services and the development and execution of exit strategies.
Since October 2016 the group is listed on the Frankfurt Stock Exchange via
the Entry Standard.
Universal-Investment
Universal-Investment is the largest independent investment company in
German-spoken Europe with fund assets in excess of about EUR290 billion
under administration, over 1,000 funds and investment mandates and a
workforce of around 650. The focus lies on the efficient and transparent
administration of funds, securities, real estate and alternative asset
classes. The company is headquartered in Frankfurt/Main and has
subsidiaries and holdings in Luxemburg and Austria. As pioneer of the
investment industry Universal-Investment is now market leader in the areas
of master-KVG and private label funds. Owing to the strong growth since
starting the real estate business in 2011, Universal-Investment established
itself among the Top 5 companies for institutional open-ended real estate
funds in Germany. Members of the management board are Oliver Harth (deputy
spokesman), Markus Neubauer, Stefan Rockel, Alexander Tannenbaum and Bernd
Vorbeck (spokesman of the management board). (As per 31 December 2016) For
more information visit www.universal-investment.com.
Forward-Looking Statements
This 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.
-ENDS-
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19.01.2017 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Corestate Capital Holding S.A.
35 avenue Monterey
L-2163 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 (26) 637222
Fax: +352 (26) 637245
E-mail: [email protected]
Internet: www.corestate-capital.ch
ISIN: LU1296758029
WKN: A141J3
Listed: Regulated Unofficial Market in Berlin, Tradegate Exchange;
Open Market in Frankfurt (Entry Standard)
End of News DGAP News Service
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537369 19.01.2017
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