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Continuing its positive business performance: CORESTATE’S Hannover Leasing buys “Alter Domus” office building in Luxembourg for institutional joint venture

Hannover Leasing, part of the CORESTATE Capital Group, has bought “Alter Domus”, a newly developed office property in Luxembourg in a club deal on behalf of Finnish mutual pension insurance company Ilmarinen and a French institutional investor. The sellers are project developer Extensa and its Luxembourg-based partner Promobe. The purchase price is in a high double-digit-million Euro range.

The office building has just been completed and is located in the heart of the new Cloche d’Or urban quarter – one of Luxembourg’s main office submarkets. The multi-tenant building with a total floor space of close to 11,700 sqm has received a BREEAM “Very Good” sustainability rating. Some 70 parking spaces are part of the property. It is fully let by Alter Domus, a leading global trust service provider. Alter Domus has entered into a 12-year lease agreement without break options.

The building is part of the new Cloche d’Or urban quarter currently under construction, which will offer a mix of offices, shops, restaurants and apartments. The central train station can be reached in five minutes, the international airport in 15 minutes by car.

Dr. Michael Bütter, CEO der CORESTATE Capital Group: “The deal is again a good example for the positive overall performance of Hannover Leasing being a part of the CORESTATE Group. A targeted strengthening of the management team as well as a further digitalization of our sales and distribution channels are two important next steps for the near future.”

IR Kontakt
Dr. Kai Gregor Klinger
T: +49 69 3535630107 / M: +49 152 22755400
ir@corestate-capital.com

PR Kontakt
Andre Zahlten
T: +49 69 3535630-108 / M: +49 174 4022348
andre.zahlten@corestate-capital.com

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 25bn 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 42 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 730 people and is listed in the regulated market (SDAX) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.

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 [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.