30.01.2017
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Invests EUR 125m in Retail Properties in Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Acquisition/Real
Estate
Corestate Capital Holding S.A.: CORESTATE Invests EUR 125m in Retail
Properties in Germany
30.01.2017 / 08:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE Invests EUR 125m in Retail Properties in Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate
investment manager and co-investor based in Luxembourg, announces the
acquisition of 18 single and well located retail properties in prime
locations in pedestrian zones of German mid-sized cities such as Göttingen,
Kaiserslautern, Lörrach or Lüneburg.
The properties comprise more than 7,000 square meters and contain a highly
diversified mix of locations, assets and well known tenants. Major tenants
are inter alia C&A, depot, dm, H&M and s.Oliver.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: "We have now
closed six portfolios in our High Street retail strategy, bringing the
overall investment volume to over EUR 1bn. The portfolio represents around
110 acquired properties with strong rental covenants. We see high potential
in this market and will continue to pursue this strategy."
IR Contact
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / [email protected]
PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / [email protected]
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is a real estate investment
manager and co-investor with EUR 16bn* 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 26
offices including in Dusseldorf, Frankfurt, Madrid, Singapore and Zurich.
The company employs over 390 people and is listed on the Frankfurt Stock
Exchange. Further information is available at www.corestate-capital.com.
*The completion of the Hannover Leasing Group transaction is still subject
to the conclusion of ownership control procedures by the Federal Financial
Supervisory Authority, BaFin
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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30.01.2017 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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539667 30.01.2017
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