DGAP-News: CORESTATE successfully structures transaction with US investor on office property in Munich

2019. december 17., kedd, 07:00







DGAP-News: Corestate Capital Holding S.A.


/ Key word(s): Real Estate/Expansion






CORESTATE successfully structures transaction with US investor on office property in Munich








17.12.2019 / 07:00




The issuer is solely responsible for the content of this announcement.




CORESTATE successfully structures transaction with US investor on office property in Munich



  • Large commercial complex in Hallbergmoos with 33,500 m² of rental space and tenants with excellent credit ratings

  • New institutional key account won

  • Property has previously been successfully further developed employing the Manage-to-Core approach

Frankfurt, December 17, 2019. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment manager in Europe, has structured a transaction on an attractive office property in Munich Hallbergmoos for a major US multi-asset alternative investment investor (>100 billion USD assets under management). The deal has an investment volume of EUR 45.5 million and is CORESTATE"s first joint transaction with the US investor.



Lars Schnidrig, CEO CORESTATE: "We have once again won an important new institutional client and were able to convince them of our capabilities. We have further developed the property with our proven Manage-to-Core approach and corresponding value-enhancing measures."



The multi-story building complex with 8 components and an underground car park is located in the district of Freising in the immediate vicinity of Munich Franz Josef Strauss Airport and is an established location on the growing Munich office market. The total lettable area is approx. 33,500 m². The tenants include several companies with strong credit ratings. NATO has been an important main tenant for many years.

Press Contact

Jorge Person

T: +49 69 3535630-136 / M: +49 162 2632369
jorge.person@corestate-capital.com



IR Contact

Dr. Kai Gregor Klinger

T: +49 69 3535630107 / M: +49 152 22755400
ir@corestate-capital.com



 



About CORESTATE Capital Holding S.A.



CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with more than EUR 26 billion 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, e.g. in Frankfurt, London, Madrid, Singapore and Zurich. The company employs around 700 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found 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.
















17.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Corestate Capital Holding S.A.

4, Rue Jean Monnet

L-2180 Luxembourg

Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-29
E-mail: IR@corestate-capital.com
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 937559





 
End of News DGAP News Service





937559  17.12.2019 



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