Corestate Capital Holding S.A.: CORESTATE tasked with property and facility management of retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer
DGAP-News: Corestate Capital Holding S.A.: CORESTATE tasked with property and facility management of retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
07.09.2017 / 09:18
The issuer is solely responsible for the content of this announcement.
CORESTATE tasked with property and facility management of retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has been tasked with the property and facility management of a retail portfolio for a Universal-Investment-Fund of Bayerische Versorgungskammer (BVK). Valued at approximately EUR 700 million, the retail portfolio comprises over 90 properties in top shopping locations of pedestrian areas in medium-sized German cities.
In the future, further assets are to complement the portfolio, gradually adding an amount in the several hundred million euro range. CORESTATE is already responsible for the investment advisory and asset management; in addition, CORESTATE subsidiaries will take on the property and facility management.
Thomas Landschreiber, Chief Investment Officer of CORESTATE: “This transaction and mandate underscore the success of our strategy of altering existing investment structures into institutional products and acquiring long-term management contracts.”
Phone: +49 69 3535630-106 / Cell phone: +49 162 2087670
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 20bn* 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 29 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 470 people and is listed in the open market (Scale) of the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com.
*at year end 2017
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.