26.04.2018
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE invests in a serviced apartment building in Düsseldorf, Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE invests in a serviced apartment
building in Düsseldorf, Germany
26.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE invests in a serviced apartment building in Düsseldorf, Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment
manager and co-investor based in Luxembourg, is investing in a serviced
apartment building in Düsseldorf, Germany. Upon completion of the current
conversion works on site, the asset will comprise 70 modern and
self-contained serviced apartment units.
The plot currently houses two office buildings. The redevelopment consists
of their conversion into a modern and high-quality serviced apartment
building, by adding a central structure. The property is located in the
center of Düsseldorf, benefitting from its proximity to the city's main high
street Königsallee, the central station as well as from its vicinity to the
banking district. The asset enjoys access to various shopping amenities and
is well-connected to public transportation via the central station and
several underground stations. Düsseldorf's trade fair, airport, the
Medienhafen district and the city's lively old town with its various leisure
facilities and cultural events are easily accessible.
Thomas Landschreiber, Co-founder and CIO of CORESTATE: "Due to its strong
economy and high attractiveness and living quality, Düsseldorf has developed
a large and consistent demand for serviced apartments. This project is a
unique opportunity for investors to benefit from the city's fast-growing
demand for serviced living. At the same time, CORESTATE will extend its
existing management platform with an innovative and under-developed asset
class."
UPARTMENTS Real Estate GmbH, part of the CORESTATE Group, will operate the
residence.
IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
[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 approximately EUR 22bn 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 41 offices
including in Frankfurt, London, Madrid, Singapore and Zurich. The company
employs over 560 people and is listed in the regulated market (SDAX) of the
Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.
Forward-Looking Statements
This press 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.
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26.04.2018 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.
4, Rue Jean Monnet
L-2180 Luxembourg
Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-29
E-mail: [email protected]
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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