Corestate Capital Holding S.A.: CORESTATE Invests EUR 125m in Retail Properties in Germany
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Invests EUR 125m in Retail Properties in Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Acquisition/Real Estate
30.01.2017 / 08:30
The issuer is solely responsible for the content of this announcement.
CORESTATE Invests EUR 125m in Retail Properties in Germany
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor based in Luxembourg, announces the acquisition of 18 single and well located retail properties in prime locations in pedestrian zones of German mid-sized cities such as Göttingen, Kaiserslautern, Lörrach or Lüneburg.
The properties comprise more than 7,000 square meters and contain a highly diversified mix of locations, assets and well known tenants. Major tenants are inter alia C&A, depot, dm, H&M and s.Oliver.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: “We have now closed six portfolios in our High Street retail strategy, bringing the overall investment volume to over EUR 1bn. The portfolio represents around 110 acquired properties with strong rental covenants. We see high potential in this market and will continue to pursue this strategy.”
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / email@example.com
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / firstname.lastname@example.org
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is a real estate investment manager and co-investor with EUR 16bn* 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 26 offices including in Dusseldorf, Frankfurt, Madrid, Singapore and Zurich. The company employs over 390 people and is listed on the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com.
*The completion of the Hannover Leasing Group transaction is still subject to the conclusion of ownership control procedures by the Federal Financial Supervisory Authority, BaFin
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.