27.07.2018
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE launches European value-add investment program
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE launches European value-add
investment program
27.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE launches European value-add investment program
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment
manager and co-investor based in Luxembourg, is launching a new investment
program for its Club Deal clients, which will invest in value-add retail,
office and residential buildings in mid-sized European cities.
The diversified multi-club-deal investment program will target private
investors, family offices and institutional investors. CORESTATE is taking
an active asset management approach with a 'manage-to-core' strategy and
will invest in undermanaged properties that offer value creation potential
through renting, modernizing or repositioning these properties. The focus
will be on the German market, but acquisitions may well also include
individual properties in Spain, the Netherlands, Poland and the UK. The
investment horizon is five years, target IRR is 16%. The program with a
target volume of EUR 100-150 million will be structured as a
Luxembourg-domiciled closed-end Reserved Alternative Investment Fund (RAIF).
CORESTATE will ensure alignment of interest by co-investing in the program.
Thomas Landschreiber, Co-Founder and Chief Investment Officer of CORESTATE:
"We have identified not only more investor interest in the value-add segment
but also a host of asset opportunities for a manage-to-core strategy in
mid-sized European cities. A lot of properties need refurbishment and
modernization in order to meet changing customer and tenant needs. The
European value-add program will benefit from these developments."
Several seed assets are already in the pipeline. They are characterized by
an existing high cash flow in combination with vacancies. These types of
assets enable CORESTATE to improve its overall performance by using its
active asset management approach. The closing of the fund is expected later
this year. By then, the program will encompass secured assets as well as a
stable project pipeline.
"With the European value-add program, we will continue our strong Club Deal
track record of delivering double-digit returns and seizing on short-term
investment opportunities," adds Boris Pauli, Managing Director Client
Relations, based in CORESTATE's office in Zurich, Switzerland. "The short
maturity, transparent structure and low minimum investment support the
attractive investment case for multi-family offices and private banks in
particular." The program was launched specifically to meet the wishes of
existing clients, which include the fund structure and the possibility to
book the investment directly via their bank depot.
IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
[email protected]
PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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 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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27.07.2018 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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