05.07.2018
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires 260 serviced apartments in Munich, Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE acquires 260 serviced apartments
in Munich, Germany
05.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
CORESTATE acquires 260 serviced apartments in Munich, Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment
manager and co-investor based in Luxemburg, has bought a former office
complex in Munich, Germany. Built at the beginning of the 1980s, the asset
was recently refurbished to house 260 serviced apartments. The building
offers 8,300 sq.m. of rental space, which apart from the flats includes
common rooms, a fitness studio as well as a 1,800 sq.m. training and
conference centre with a flexible floor plan.
Located in the Moosach district north-west of the city centre, the asset is
well-linked to the B304 state road, a main city artery, as well as the local
public transport network. The inner city can be reached in less than 15
minutes from the nearby subway station "Olympia-Einkaufszentrum". The
Olympia mall itself offers a wide range of shopping as well as leisure
opportunities on site.
Thomas Landschreiber, co-founder and Chief Investment Officer, CORESTATE:
"As the German city with the strongest economy, Munich is of course a dream
destination for all investors in the serviced-apartment segment, which
targets young professionals, business travelers and project employees. The
micro location is attractive as well: Several international corporates are
located in the immediate vicinity, including the German headquarters of
Spanish telecommunications company Telefónica and US software developer
Oracle as well as an reseach and development site of the BMW Group."
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 has41 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.
---------------------------------------------------------------------------
05.07.2018 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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
701733 05.07.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Corestate Capital Holding S.A. ISIN: LU1296758029 können Sie bei EQS abrufen
Immobilien (Gewerbe) , A141J3 , CCAP , XETR:CCAP