10.11.2016
Corestate Capital Holding S.A. LU1296758029
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Develops Student Housing Project in Madrid, Spain
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
Corestate Capital Holding S.A.: CORESTATE Develops Student Housing Project
in Madrid, Spain
10.11.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
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CORESTATE Develops Student Housing Project in Madrid, Spain
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real
estate investment manager and co-investor, has acquired a re-development
asset in Madrid, Spain to realize a student home project. The current
planning phase envisages a total lettable area of 4,022 sqm, featuring 260
rooms with 302 beds.
The asset, which was operated as a student residence for 44 years, is
located in the 'Ciudad Universitaria' neighborhood, a residential enclave
which is home to nine universities with over 120,000 students. CORESTATE
plans to deconstruct the existing complex and develop a new building in
order to create one of Madrid's best equipped student homes. The project
will offer various amenities such as a lobby with reception and concierge,
common spaces with a restaurant, gym and washing lounges, as well as
recreational areas such as backyard, roof terraces and patios.
The fully furnished rooms will offer a private bathroom and high speed
internet. Included services will be full board (three meals per day),
weekly cleaning and housekeeping services.
"Madrid is a very attractive destination for national and international
students alike as numerous public and private universities offer a great
variety of graduate and undergraduate studies. Due to the high demand for
living space and the extreme privileged location of the asset, we strongly
believe that this project will be well accepted by its tenants", comments
Thomas Landschreiber, Chief Investment Officer of CORESTATE.
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.
Forward-Looking Statements
This 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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10.11.2016 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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518905 10.11.2016
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