DGAP-News: Corestate"s Micro Living universe grows - two new locations in Cologne and Mainz

2021. december 01., szerda, 10:53

DGAP-News: Corestate Capital Holding S.A.

/ Key word(s): Real Estate

Corestate"s Micro Living universe grows - two new locations in Cologne and Mainz

01.12.2021 / 10:53

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

Corestate"s Micro Living universe grows - two new locations in Cologne and Mainz

  • Corestate is responding to the demand for modern residential space in top university cities

  • Future YOUNIQ property in Mainz acquired for a major German institutional client

  • Second YOUNIQ opening in Cologne-Deutz with an innovative concept, including co-living offering

  • Red Dot and Best-in-Class Awards for outstanding brand and property design

Frankfurt, 1 December 2021 - Corestate continues to expand its European growth initiative in the Micro Living segment by adding two new properties in Mainz and Cologne. Most recently, the company won two prestigious awards for its Micro Living brands YOUNIQ and Linked Living powered by YOUNIQ, a Red Dot Design Award and a Best-in-Class Award.

Offering in Mainz to be expanded

Corestate has acquired a student housing complex (PBSA) in Mainz-Hechtsheim for a large institutional investor from Germany. Built in 1990 and extensively refurbished in 2019, the complex consists of three separate buildings with a total of 473 fully furnished flats (total lettable space 9,028 sqm) and 242 parking spaces in the underground car park and outside. It offers various common areas, such as a gym, bar and a spacious laundry room. The property is let to Studierendenwerk Mainz through November 2026 and will then be developed into an additional Mainz location of Corestate"s Micro Living brand YOUNIQ. YOUNIQ is a leading provider of furnished flats for students and young professionals in Europe.

"Mainz has been a magnet for more and more students for many years. As the numbers increase, so does the demand for modern and needs-based living space. As a logical consequence, we are expanding our customised offering and are pleased to welcome the future YOUNIQ property to our family in addition to our existing location on Wallstraße," commented Lambros Reppas, Head of Asset Management Micro Living & Residential.

Second YOUNIQ location with additional co-living offering in Cologne

Corestate is also expanding its Micro Living offering in Cologne-Deutz and has just launched the second YOUNIQ building in the cathedral city. Once the second construction phase is completed in the course of 2022, an additional 13 flats and a day care centre will be added.

Students and young professionals will now be provided with modern flats at Venloer Straße 245 in the immediate vicinity of the Technical University, Lanxess Arena and Rheinterrassen. The offering will include attractively designed community lounges (including a cinema, gym and fully equipped community kitchens). A new feature is an increased focus on co-living offerings. For example, in Cologne-Deutz there are 32 shared flats in addition to the 131 single party flats. A 235 sqm penthouse flat with a spacious roof terrace is the co-living highlight. Built according to the KfW Efficiency House 40 Plus standard, the building also scores points in terms of its energy balance.

"Target audience-oriented offerings in the Micro-Living segment are the key to the successful placement of properties in this young and dynamic asset class. For our new YOUNIQ in Cologne-Deutz, we have therefore decided to focus more on co-living. As part of our pan-European growth strategy, we will integrate additional innovative living concepts into our portfolio," added Lambros Reppas.

Top Awards underscore the Corestate Group"s Micro Living expertise

Corestate was recently awarded a Red Dot Design Award in the Brands & Communication Design category for YOUNIQ"s new corporate design, beating out 20,000 creative projects from all over the world. The second design award recently went to the brand new Vienna landmark property "Linked Living TrIIIple powered by YOUNIQ" with the Best-in-Class Award in the category "Best Student Housing Design."

Press contact

Jorge Person

T: +49 69 3535630-136 / M: +49 162 2632369

Investor Relations contact

Thomas Fritsche

T: +49 69 3535630-106

About CORESTATE Capital Holding S.A. (CORESTATE)

CORESTATE is an investment manager and co-investor with approximately € 27bn in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability - trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With around 850 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in major cities such as Frankfurt, Vienna, Zurich, Paris, Madrid and London. For further information, please visit www.corestate-capital.com.

Forward-looking statements

This press release may contain forward-looking statements based on current estimates and assumptions made by management. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of the Company to be materially different from those expressed or implied by these forward-looking statements. These factors include those discussed in our published reports. These reports are available from our website, corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Undue importance should not be placed on forward-looking statements, which only apply as at the date of this release.

01.12.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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

4, Rue Jean Monnet

L-2180 Luxembourg

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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1253253

End of News DGAP News Service

1253253  01.12.2021 

Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.