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Corestate Capital Holding S.A.: CORESTATE launches facility management company

12/09/2016
DGAP-News: Corestate Capital Holding S.A.: CORESTATE launches facility management company
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Joint Venture

2016-12-09 / 08:30
The issuer is solely responsible for the content of this announcement.

CORESTATE launches facility management company

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor based in Luxembourg, announces the launch of CLG Facility Management GmbH (CLG), a joint venture between the property management company CAPERA Immobilien Service GmbH (CAPERA) and Lattemann & Geiger Dienstleistungsgruppe (L&G), one of the leading facility service companies in Germany.

CLG unites the property management expertise of CAPERA with the facility management expertise of L&G. As a national facility management company with offices throughout Germany, CLG offers its customers on-site service in addition to professional and well structured procedures of a large group company. CLG’s service is tailored to the needs of national and international institutional real estate investors and fund companies.

Sascha Wilhelm, CEO, CORESTATE, comments: “CLG offers a holistic approach of property and facility management services for retail, office and residential real estate throughout Germany. With CLG we are further expanding our “one-stop shop” principle – clients will receive comprehensive service from one company. Special focus lies on local service and successful management, even of difficult properties, in combination with a performance-based compensation.”

Investor Relations Contact
Mirko Koch
Phone: +49 611 20585540 / koch@cometis.de

Press Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / tz@feldhoff-cie.de

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, Madrid and Singapore. Since foundation of CORESTATE in 2006 the transaction volume amounts to approximately EUR 5.7 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. Since October 2016 the group is listed on the Frankfurt Stock Exchange via the Entry Standard.

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.

-ENDS-