Corestate Capital Holding S.A.: CORESTATE's high street portfolio breaks EUR 2bn AUM threshold
CORESTATE's high street portfolio breaks EUR 2bn AUM threshold CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has expanded its high street portfolio to 200 retail assets with a total investment volume of over EUR 2bn.
All properties are located in the town centres of mid-sized German cities. Among anchor tenants in the portfolio are sports outfitters Decathlon, supermarket chain Edeka, drugstore Müller and fashion retailer TKMaxx. In 2017 alone, 35 retail properties were bought in individual transactions. Some 90 assets worth around EUR 700m were sold, but CORESTATE was mandated with the asset, property and facility management of the entire divested portfolio.
Thomas Landschreiber, co-founder and CIO, CORESTATE: "We continue to advance our highly diversified product portfolio in the retail segment as well as our bargaining position as a landlord. The diversity of our assets enables us to choose between different exit strategies. We will continue to buy further properties in the segment."
IR Contact Dr. Kai Gregor Klinger Phone: +49 69 3535630-107 / M: +49 152 22755400 firstname.lastname@example.orgPR Contact Tom Zeller Phone: +49 69 264867715 / Cell phone: +49 176 10430063 email@example.com
About CORESTATE Capital Holding S.A. CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 22bn 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 41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 530 people and is listed in the regulated market (Prime Standard) 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.-ENDS-
12.02.2018 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.deLanguage: 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service