Corporate news

to the archive

Corestate Capital Holding S.A.: CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW

DGAP-News: Corestate Capital Holding S.A.: CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

06.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.

CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has received a loan facility with a volume of EUR 343m from Stuttgart-based landesbank LBBW (Landesbank Baden-Württemberg). The facility will be used to finance the seed portfolio of the high-street fund managed on behalf of Germany’s largest pension fund BVK (Bayerische Versorgungskammer). Since mid-2017, CORESTATE holds the asset-management mandate for the EUR 687m portfolio, which was launched on Universal-Investment’s platform. The portfolio encompasses 90 assets across Germany, which CORESTATE originally acquired and held in several portfolios in its club deal programme.

The debt facility has an attractive fixed interest rate and a maturity of 10 years. “We did not only manage to achieve an attractive interest rate in the current volatile credit market environment but additionally took the interest rate risk out of the equation for the BVK portfolio,” commented Lars Schnidrig, CFO of CORESTATE, on the transaction.

Overall, CORESTATE manages a portfolio of 200 high-street assets with a total investment volume of over EUR 2bn in German mid-sized cities.

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630-107 / Cell phone: +49 152 22755400

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063

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

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 []. 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.