01.11.2016
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Sells Austria's Largest Student Housing Asset in Vienna
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Disposal
Corestate Capital Holding S.A.: CORESTATE Sells Austria's Largest Student
Housing Asset in Vienna
01.11.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
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NOT FOR PUBLICATION OR DISTRIBUTION EITHER DIRECTLY OR INDIRECTLY IN THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN.
CORESTATE Sells Austria's Largest Student Housing Asset in Vienna
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real
estate investment manager and co-investor, sells Austria's largest student
housing asset to a fund vehicle launched on the fund platform of Universal-
Investment on behalf of Bayerische Versorgungskammer as part of the new
real estate umbrella funds platform. The institutional fund primarily
focusses on micro apartments, especially in student housing properties in
European university towns.
The asset is located in Vienna, Austria, in direct vicinity of the Vienna
University of Economics and Business campus. The newly built asset features
589 units, a lettable area of 17.718 sqm plus 57 underground parking spots.
The annual net rental income is approximately EUR4m. One year after
opening, the occupancy rate lies at 98%.
Thomas Landschreiber, CIO of CORESTATE: "With close to 600 apartments on 11
floors, this asset is considered the largest student housing project in
Austria. Vienna's dynamic residential market provides the perfect
environment for our investment and for our business model in the segment of
micro apartments."
Investor Relations Contact
Henryk Deter / Mirko Koch
cometis AG
Phone: +49 0611 20585540 / [email protected]
Press Contact
Tom Zeller, Managing Partner
Feldhoff & Cie. GmbH
Phone: +49 69 264867715
Cell phone: +49 176 10430063 / [email protected]
CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. is a fully integrated real estate investment
manager and co-investor seated in Luxembourg that also has offices inter
alia in Frankfurt, Zurich, London, Madrid and Singapore. Since foundation
of CORESTATE in 2006 the transaction volume amounts to approximately EUR
5.6 billion. CORESTATE accompanies its customers along the entire value
creation chain of a real estate investment product and covers, in
particular, deal sourcing and the development of investment products,
structuring and execution of transactions, real estate investment
management services and the development and execution of exit strategies.
DISCLAIMER:
This publication constitutes neither an offer to sell nor a solicitation of
an offer to purchase securities. The securities that are the subject of the
listing discussed in this press release have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United States
absent registration or an available exemption from the registration
requirements of the Securities Act.
In the United Kingdom, this publication is directed only at persons who:
(i) are qualified investors within the meaning of the Financial Services
and Markets Act 2000 (as amended) and any relevant implementing measures
and/or (ii) are outside the United Kingdom or (iii) have professional
experience in matters relating to investments and fall within the
definition of "investment professionals" contained in article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(as amended) (the "Order") or are persons falling within article 49(2)(a)
to (d) (high net worth companies, unincorporated associations, etc.) of the
Order, or fall within another exemption to the Order (all such persons
referred to in (i) to (iii) above together being referred to as "Relevant
Persons"). Any person who is not a Relevant Person must not act or rely on
this publication or any of its contents. Any investment or investment
activity to which this publication relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons. This publication
contains statements related to future business and financial performance
and future events or developments involving CORESTATE that may constitute
forward-looking statements. These statements may be identified by words
such as "expect", "intend", "look forward to", "believe", "will" or other
words of similar meaning. Such statements are based on current expectations
and certain assumptions of CORESTATE 's management, of which many are out
of our control. These are subjects to a number of risks and uncertainties.
Should one or more of this risks or uncertainties materialize, or should
underlying expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of CORESTATE may (negatively or
positively) vary materially from those described explicitly or implicitly
in the relevant forward-looking statement. CORESTATE does not intend or
assume any obligation to update or revise these forward-looking statements
in light of developments which differ from those anticipated.
This publication is not a prospectus. Investors should not purchase or
subscribe for any securities
referred to in this publication except on the basis of information in the
prospectus to be issued by
CORESTATE in connection with the offering of such securities.
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01.11.2016 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.
35 avenue Monterey
L-2163 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 (26) 637222
Fax: +352 (26) 637245
E-mail: [email protected]
Internet: www.corestate-capital.ch
ISIN: LU1296758029
WKN: A141J3
Listed: Regulated Unofficial Market in Berlin, Tradegate Exchange;
Open Market in Frankfurt (Entry Standard)
End of News DGAP News Service
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516117 01.11.2016
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