18.06.2018
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE to invest EUR 2.4bn in micro-living assets
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE to invest EUR 2.4bn in
micro-living assets
18.06.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE to invest EUR 2.4bn in micro-living assets
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment
manager and co-investor based in Luxembourg, plans to invest a total of EUR
2.4bn in its micro-living segment until the end of 2019. CORESTATE already
acquired 26 plots for development and properties with more than 7,600
apartments for students, commuters, project employees, entrepreneurs and
young professionals. The current investment volume amounts to EUR 1.8bn.
Over the next two years, several assets will be added to the portfolio,
which is set to grow beyond the 10,000-unit mark and reach a total
investment volume of EUR 2.4bn. Target locations are selected German and
European metropolises as well as university cities.
Thomas Landschreiber, Co-Founder and Chief Investment Officer, CORESTATE:
"There are some mega-trends driving the demand for micro-apartments across
Europe. Urbanisation is a significant factor. We are seeing population
increases in city centers with strong economies that offer good job
prospects and excellent universities. These locations are attracting workers
willing to travel to find employment and the student population.
Micro-apartments are in demand by both groups. We are at the beginning of
the cycle in the micro-living asset class. There is a supply and demand
imbalance in single-person housing, so for managers and investors, this
segment of the market offers real development and investment potential in
the coming years."
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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18.06.2018 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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696021 18.06.2018
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