08.02.2017
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires Royal Liver Building in Liverpool
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real
Estate/Acquisition
Corestate Capital Holding S.A.: CORESTATE acquires Royal Liver Building in
Liverpool
08.02.2017 / 08:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE acquires Royal Liver Building in Liverpool
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate
investment manager and co-investor based in Luxembourg, acquires the Royal
Liver Building, a Grade A office building in Liverpool, UK. The asset,
located at the world renowned UNESCO World Heritage Waterfront of
Liverpool, is the landmark of Liverpool and belongs to the three graces of
Liverpool. The asset was sold for GBP 48m by the Royal London Mutual
Insurance Society.
The office building was extensively refurbished in 2008 to deliver a high
quality business environment providing modern office space whilst retaining
its original architectural features. Strong tenants include BESTINVEST,
HSBC, Mott MacDonald, Pershing, Princess Limited and Universities
Superannuation Scheme LTD.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: "We will
invest substantial funds in order to preserve and strengthen the landmark
office building in the long-term. As the new owner and custodian of this
iconic building, we appreciate its heritage and the importance to the
people of Liverpool. This investment reflects our expertise in acquiring
core premium quality assets."
Stephanie Hacking, Fund Manager at Royal London Asset Management added: "It
has been a huge honour to be involved in the sale of the Royal Liver
Building. It is a unique property with a tremendous history and prestige.
We were delighted to have received such considerable interest in the asset
and delighted to have concluded the sale to CORESTATE who will no doubt be
proud owners going forward."
JLL and Addleshaw Goddard advised CORESTATE on the acquisition, CBRE and
Pinsent Masons LLP advised Royal London Mutual Insurance Society on the
sale.
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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08.02.2017 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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