18.07.2018
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE subsidiary HFS expanding market leadership in German mezzanine business - fund volume over EUR 1.2 billion
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE subsidiary HFS expanding market
leadership in German mezzanine business - fund volume over EUR 1.2 billion
18.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE subsidiary HFS expanding market leadership in German mezzanine
business - fund volume over EUR 1.2 billion
Helvetic Financial Services (HFS) AG, a wholly-owned subsidiary of CORESTATE
Capital Holding S.A. (CORESTATE), has exceeded the EUR 1.2bn fund volume
mark for the first time. The mezzanine finance provider has thus extended
its market leadership in the real estate development financing segment in
Germany. HFS currently provides financing for around 60 projects with a
combined volume of EUR 7bn, nearly 80% of which are residential. CORESTATE
bought HFS one year ago.
"HFS is a great example for the effective integration and enhancement of an
already successful business model in the CORESTATE Group," said Dr Michael
Bütter, CEO of CORESTATE. "HFS provides a considerable contribution to the
group's total earnings, without us taking any project development risks of
our own. In the course of the integration, we have already realized first
substantial synergies for our clients, but we are only at the beginning here
and expect more to come."
Supplementing traditional real estate banks, HFS offers subordinated capital
and has emerged as one of the major project financier for urgently needed
residential development in German metropolitan areas. Some 60% of the
financed real estate projects are located in Germany's top seven major
cities, known for her structural demand surplus.
Tim Schymik, COO of HFS: "Over the past 12 months alone, under the umbrella
of CORESTATE, we are proud to have raised the fund volume by well over EUR
150m. Our experienced real estate development specialists are able to very
precisely assess and control our respective projects. This has prevented the
conditions for even a single default for our investors since the fund was
established. Our customers and financing partners appreciate our many years
of expertise, acknowledging it with the deep trust they place in us."
Dr Michael Bütter added: "HFS's unique market penetration ideally
complements our range of services as an investment manager, the company
having become a guarantee of success for our integrated business model after
only a year. The first quarter figures already confirm that in impressive
fashion and we are very confident that we will achieve our corporate
financial targets for the full year."
IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
[email protected]
PR Contact
Andre Zahlten
T: +49 69 3535630-108 / M: +49 174 4022348
[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.
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18.07.2018 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
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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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705503 18.07.2018
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