11.04.2017
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE receives managed account mandate for development of micro-apartment project in Munich, Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real
Estate/Agreement
Corestate Capital Holding S.A.: CORESTATE receives managed account mandate
for development of micro-apartment project in Munich, Germany
11.04.2017 / 09:00
The issuer is solely responsible for the content of this announcement.
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CORESTATE receives managed account mandate for development of
micro-apartment project in Munich, Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment
manager and co-investor based in Luxembourg, has received a managed account
mandate for the development of a micro-apartment project in Munich, Germany.
The mandate was given by W5 Group, the family office of Ralph Winter,
founder of CORESTATE. Upon completion of the project in summer 2018, the
asset will comprise 55 fully furnished and self-contained serviced apartment
units. The land plot is located near Ostbahnhof and in the direct vicinity
of various business parks, such as Siemens Campus and Werksviertel München.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: "Managed
accounts will play a much bigger role in CORESTATE's future: we will offer
much more individual strategies for selected assets or portfolios. The
European market for micro-apartments has gained significant momentum over
the past few years, due to the increase in demand. The focus has shifted and
does not only lie on students as a target group anymore; business travelers
and young professionals are also seeking micro-apartments that offer a
certain service level."
The asset will be operated by MicroLiving Service GmbH (MicroLiving), a
property management company founded by CORESTATE. The company focusses on
the asset class of micro-apartments and currently manages 4,200 units in
Austria, Germany and Spain. In addition to providing property and facility
management services, MicroLiving also implements marketing activities for
every single asset and offers consulting services for companies in the
micro-living segment.
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 an 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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11.04.2017 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 (Scale) in Frankfurt
End of News DGAP News Service
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563997 11.04.2017
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