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Corporate and Ad-hoc News of
CORESTATE Capital Holding S.A.

IR Contact
Dr. Kai G. Klinger
Head of Investor Relations
Tel. +49 69 3535630 107
ir@corestate-capital.com
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Ad-hoc News

2018‑02‑06
Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. ap ...

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Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. appoints Dr. Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

02/06/2018

DGAP-Ad-hoc: Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. appoints Dr. Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

Corestate Capital Holding S.A. / Key word(s): Change of Personnel
Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. appoints Dr. Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

06-Feb-2018 / 20:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CORESTATE Capital Holding S.A. appoints Dr. Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board.

Luxembourg, 6 February 2018 - The Supervisory Board of CORESTATE Capital Holding S.A. ("CORESTATE") appoints Dr Michael Bütter as successor to the incumbent Chief Executive Officer, Sascha Wilhelm as of 1 May 2018 of CORESTATE. Sascha Wilhelm will leave the Company as of 30 April 2018 in best mutual consent. Dr Bütter will be in charge of CORESTATE Group's strategy, international expansion including M&A activities including strategic investments and management of real estate investors and client relations.

The 47-year old Dr Bütter is currently a Member of the Extended Board of Scout24 AG as well as CEO of Immobilien Scout GmbH. He advises CORESTATE since 2016 and is a Member of the Senior Advisory Circle.

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@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 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.


06-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Corporate News

2018‑11‑21
Corestate Capital Holding S.A.: CORESTATE's Hannover Leasing laun ...

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Corestate Capital Holding S.A.: CORESTATE's Hannover Leasing launches closed-end property AIF investing in office/hotel/asset

11/21/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE's Hannover Leasing launches closed-end property AIF investing in office/hotel/asset

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Funds

21.11.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


CORESTATE's Hannover Leasing launches closed-end property AIF investing in office/hotel/asset

Pullach, 21 November 2018 - Hannover Leasing, part of the CORESTATE Group, has launched a new closed-end property AIF for private investors. The fund invests in the property named Quartier West, an office and hotel complex with 14,963 sqm of space, situated in Darmstadt south of Frankfurt. Investors can take tranches starting from EUR 10,000. The projected payout is 4.1% p.a. Referring to the equity, investors will receive a projected total payout of 146.46% for a ten-year term ending on 30/06/2029. The total investment volume of the AIF amounts to EUR 63m, of which EUR 32.5m are equity.

The Quartier West is located in the Darmstadt-West district near the main train station. It consists of two building parts: an office with 9,205 sqm rental space, which is already fully leased to four companies from service, technology, business and tax advisory sectors, as well as a hotel property with 5,758 sqm gross floor area. The latter is leased for 20 years, including an extension option, to the Dutch hotel developer and manager Odyssey Hotel Group. The company will operate the hotel comprising 178 rooms in total as well as a restaurant under the Moxy brand (Marriott International).

Technology cluster in the City of Science

Quartier West is part of the 20-ha business and technology park TZ Rhein Main. Close to the property one can find mainly multi-storey office and research buildings. "Darmstadt is also called Wissenschaftsstadt (City of Science). The Technische Universität (University of Technology) and two further universities as well as numerous globally active corporates are boosting demand for both, overnight stays and congresses. It is therefore not surprising that the asset was fully leased before completion," said Marcus Menne, Managing Director of Hannover Leasing.


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

About Hannover Leasing
For more than 35 years, Hannover Leasing has been one of the leading providers of real assets in Germany. So far, around 70,000 private and institutional investors have committed to the firm's funds, investing a total of 10.3 billion euros in equity in the process. Hannover Leasing's total assets under management add up to approximately 9.8 billion euros. With its subsidiary HANNOVER LEASING Investment GmbH as investment management unit (KVG), Hannover Leasing has the ability to launch and manage open-end and closed-end Special AIFs for institutional investors as well as closed-end AIFs for private investors. A focus lies on the asset class real estate (national and international). Headquartered in Pullach near Munich, Hannover Leasing is part of the CORESTATE Capital Group (CORESTATE).
 
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 a member of the Prime Standard of the Frankfurt Stock Exchange (SDAX).Further information is available at www.corestate-capital.com.
 
 
 
This publication represents only non-binding information that does not purport to be complete. Investors are advised to base any investment decision on a thorough review of the entire sales prospectus. The prospectus includes detailed information on the economic, fiscal and legal parameters underlying a given investment, and specifically on its risks. The full-length sales prospectus complete with addenda, where applicable, is available from the issuer and from the provider, each seated at Wolfratshauser Strasse 49, D-82049 Pullach, and can be requested free of charge.
 



21.11.2018 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.de



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2018‑11‑14
Corestate Capital Holding S.A.: CORESTATE continues consistent gr ...

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Corestate Capital Holding S.A.: CORESTATE continues consistent growth and raises guidance for 2018 - Net debt significantly reduced

11/14/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE continues consistent growth and raises guidance for 2018 - Net debt significantly reduced

DGAP-News: Corestate Capital Holding S.A. / Key word(s): 9-month figures

14.11.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


 

CORESTATE continues consistent growth and raises guidance for 2018 -
Net debt significantly reduced

- Assets under management over EUR 25 billion

- Aggregated revenues in the first nine months of 2018 at EUR 224.3 million (+169%), adjusted EBITDA at EUR 137.0 million (+249%), adjusted net income at EUR 103.6 million (+285%)

- Annual guidance raised after successful sale of warehousing assets

- Net debt reduced by more than EUR 220 million

- First dividend indication 2019 foresees 25% increase to EUR 2.50

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, continued its profitable growth in the first nine months of the year. Including the recent acquisition of CRM Students, its assets under management now amount to more than EUR 25 billion.

CORESTATE generated aggregate revenues of EUR 224.3 million in the first nine months of 2018, up from EUR 83.4 million a year ago. Adjusted EBITDA from January to September 2018 was EUR 137.0 million, compared to EUR 39.2 million in the same period of the previous year. Adjusted net profit for the first nine months of 2018 amounted to EUR 103.6 million and nearly quadrupled year-on-year (EUR 26.9 million).

Dr. Michael Bütter, CEO: "We have once again demonstrated our operational reliability by consistently developing our business model. The broad diversification of our revenue structure guarantees a high degree of stability in sales development. At the same time, enforcing attractive market conditions in individual earnings segments in the third quarter enables us to raise our growth and earnings targets for 2018."

The Group's net financial debt was reduced by more than EUR 220 million in the third quarter of 2018 while the leverage ratio (net financial debt to adjusted EBITDA) was reduced to 2.3x. This is within the announced target range of 2.0x-3.0x; average interest costs were also significantly reduced.

Lars Schnidrig, CFO: "The entire Group reached very solid financial footing while opening up balance sheet scope for further growth. As in the past, we would like our shareholders to participate significantly in our company's success and are currently planning a distribution per share of EUR 2.50 for 2018. This represents an increase of 25% over the previous year and a dividend yield of around 6% on the current share price level. We would like to underscore our goal of being an attractive, high-dividend growth share."

CORESTATE is raising its forecast for 2018 on the basis of the proceeds from the sale of warehousing assets and in light of positive operating business development. The Management Board now expects aggregated revenues of EUR 270 to 280 million (previously: EUR 230 to 240 million), adjusted EBITDA of EUR 160 to 170 million (previously: EUR 155 to 165 million) and adjusted net income of EUR 125 to 135 million (previously: EUR 120 to 130 million).

Dr. Michael Bütter continues: "We are currently marketing numerous new products and funds successfully. The very satisfying pipeline of potential transactions of around EUR 5.8 billion for the current and the following fiscal years also secures our ambitious organic growth course. On the acquisition front, we will continue to operate with a high sense of proportion and a clear focus on synergies. The most recent example is the acquisition of CRM Students, the largest independent operator of student residences in the UK and a perfect addition to our European micro living strategy. We benefit both from extensive experience in development and successful operation of student housing in the growth market of the UK and from a broad international network for tapping new investment projects for our customers."

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

PR contact
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 Prime Standard (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.



14.11.2018 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.de



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2018‑11‑12
Corestate Capital Holding S.A.: CORESTATE launches new opportunit ...

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Corestate Capital Holding S.A.: CORESTATE launches new opportunity fund with a target volume of EUR 800m

11/12/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE launches new opportunity fund with a target volume of EUR 800m

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Funds/Real Estate

12.11.2018 / 08:26
The issuer is solely responsible for the content of this announcement.



CORESTATE launches new opportunity fund with a target volume of EUR 800m

- Open special AIF for residential and commercial real estate

- Target volume of EUR 800m with a target return of 7%

- Start-up portfolio with an investment volume of EUR 241m available

- EUR 130m in equity already raised

November 12, 2018. CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, has launched a new open special AIF for residential and commercial real estate. The "CORESTATE Opportunity Deutschland I" fund is primarily aimed at institutional investors. The investment focus is on properties with a potential of value increase by active asset management. The special AIF has a target volume of EUR 800m and aims at a target return of 7 percent.

The fund has already started with an initial portfolio of seven properties with an investment volume of EUR 241m, which was financed by equity capital of EUR 130m already raised. The properties are located in Augsburg, Hanover and Munich, among other places. Further properties are to be purchased, which will provide a constant rental income and which furthermore offer additional development potentials. The current market values of the properties in the seed portfolio, amounting to EUR 262m, show the great value creation potential of the first investments. The aim is to increase further potential, reduce vacancies and generate attractive income through sales.

"With the new fund, we are adding another attractive option to our product range for institutional investors. We are thus specifically expanding our product range in order to meet as many investment and risk needs as possible. With our ever-increasing range of funds, we are generating further growth and at the same time putting our revenue structure on an even broader and more solid footing," says Dr. Michael Bütter, CEO of CORESTATE Capital Group.

PR contact
Andre Zahlten
T: +49 69 3535630-108 / M: +49 174 4022348
andre.zahlten@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 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.
 



12.11.2018 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.de



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2018‑11‑08
CORESTATE closes 'High Street VII' Club Deal at an investment vo ...

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CORESTATE closes 'High Street VII' Club Deal at an investment volume of EUR 212m

11/08/2018

DGAP-News: CORESTATE closes 'High Street VII' Club Deal at an investment volume of EUR 212m

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate

08.11.2018 / 08:03
The issuer is solely responsible for the content of this announcement.


 

CORESTATE closes "High Street VII" Club Deal at an investment volume of EUR 212m


8 November 2018. CORESTATE Capital Holding S.A. (CORESTATE), a leading European investment manager for real estate, has closed its "High Street VII" Club Deal at an investment volume of EUR 212m. "High Street VII" encompasses a portfolio of 24 retail assets with 100,000 sq.m. of total GLA across 17 mid-sized German cities. Anchor tenants include dm, Müller, New Yorker and Rewe.

With the acquisition of a property in the pedestrian zone of Cloppenburg in northern Germany as the final transaction for "High Street VII", CORESTATE has fully placed the equity raised for the investment programme for the seventh time. The investment programme focuses on retail assets in prominent locations of German mid-sized cities.

The successor programme "High Street VIII" was launched in April 2018 and is already invested in assets in Rostock and Sindelfingen. The target investment volume will be c. EUR 250m. Overall, retail assets with a value of over EUR 2bn have been placed in the "High Street" programme line.

Thomas Landschreiber, CIO and co-founder of CORESTATE: "Our 'High Street' programme line offers an attractive alternative to the prevalent investment vehicles focused on A-cities. Our investors are still convinced of the success of retail assets in pedestrian zones of German mid-sized and prosperous cities. We will continue to pursue this approach while additionally diversifying our product range in the retail sector with further investment programmes."

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +49 174 4022348
andre.zahlten@corestate-capital.com

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +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 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.



08.11.2018 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.de



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2018‑11‑06
Corestate Capital Holding S.A.: Markus Müller appointed new Manag ...

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Corestate Capital Holding S.A.: Markus Müller appointed new Managing Director of Hannover Leasing as of December 1

11/06/2018

DGAP-News: Corestate Capital Holding S.A.: Markus Müller appointed new Managing Director of Hannover Leasing as of December 1

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

06.11.2018 / 13:53
The issuer is solely responsible for the content of this announcement.


Markus Müller appointed new Managing Director of Hannover Leasing as of December 1

Pullach, November 6, 2018 - Hannover Leasing, a CORESTATE Capital Group company, is seeing a change in management. Markus Müller (56) will be appointed Managing Director as of December 1, 2018, subject to final approval by BaFin (Federal Financial Supervisory Authority), and will then act as CEO.

Mr. Müller comes from the KGAL Group, where his responsibilities included spokesperson for the management of KGAL Capital. In his new function, he will be responsible for strategic development as well as sales and investments. He will also accelerate the path the company has taken of digitalizing sales channels. Hannover Leasing launched a new digital sales platform for real estate investments in September.

Markus Müller studied business administration and began his career in sales and portfolio management at Bayerische Hypotheken- und Wechsel-Bank. He was subsequently responsible for the investment division of today's ERGO Direkt Versicherungen and was appointed to the boards of two Group insurance companies in 2000. He joined the KGAL Group in 2008, initially as Head of Institutional Business and from 2013 as Managing Director.

Together with Managing Directors Marcus Menne and Sebastian Hartrott, Müller will continue the positive business development of Hannover Leasing.

"We are delighted to be joined by Markus Müller, a very experienced figure in the industry. His expertise should help position the company even more as a high-yield, reliable partner in the field of real capital investments and further advance our digitalization and investor approach. We thank Mr. Ruhl for his many years of dedicated work and wish him all the best for the future," explains Dr. Michael Bütter, CEO of CORESTATE Capital Group.


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

About Hannover Leasing
For more than 35 years, Hannover Leasing has been one of the leading providers of real assets in Germany. So far, around 70,000 private and institutional investors have committed to the firm's funds, investing a total of 10.3 billion euros in equity in the process. Hannover Leasing's total assets under management add up to approximately 9.8 billion euros. With its subsidiary HANNOVER LEASING Investment GmbH as investment management unit (KVG), Hannover Leasing has the ability to launch and manage open-end and closed-end Special AIFs for institutional investors as well as closed-end AIFs for private investors. A focus lies on the asset class real estate (national and international). Headquartered in Pullach near Munich, Hannover Leasing is part of the CORESTATE Capital Group (CORESTATE).

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.




This publication represents only non-binding information that does not purport to be complete. Investors are advised to base any investment decision on a thorough review of the entire sales prospectus. The prospectus includes detailed information on the economic, fiscal and legal parameters underlying a given investment, and specifically on its risks. The full-length sales prospectus complete with addenda, where applicable, is available from the issuer and from the provider, each seated at Wolfratshauser Strasse 49, D-82049 Pullach, and can be requested free of charge.



06.11.2018 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.de



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2018‑10‑31
Corestate Capital Holding S.A.: Continuing its positive business ...

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Corestate Capital Holding S.A.: Continuing its positive business performance: CORESTATE'S Hannover Leasing buys 'Alter Domus' office building in Luxembourg for institutional joint venture

10/31/2018

DGAP-News: Corestate Capital Holding S.A.: Continuing its positive business performance: CORESTATE'S Hannover Leasing buys 'Alter Domus' office building in Luxembourg for institutional joint venture

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

31.10.2018 / 09:25
The issuer is solely responsible for the content of this announcement.



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.



31.10.2018 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.de



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2018‑10‑23
Corestate Capital Holding S.A.: Douglas Edwards to join CORESTATE ...

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Corestate Capital Holding S.A.: Douglas Edwards to join CORESTATE as Head of Group Equity Raising

10/23/2018

DGAP-News: Corestate Capital Holding S.A.: Douglas Edwards to join CORESTATE as Head of Group Equity Raising

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

23.10.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Douglas Edwards to join CORESTATE as Head of Group Equity Raising

CORESTATE Capital Holding S.A. (CORESTATE), a leading European investment manager for real estate, has appointed Douglas Edwards as Managing Director and Head of Group Equity Raising. Starting January 2019, Mr Edwards will take the lead in furthering the Group's sales and distribution activities to both domestic and international clients as well as overseeing the Group's existing client management functions. In conjunction with CORESTATE's successful transaction teams, Edwards will be providing investors with new investment opportunities across the Group's asset classes. He has profound knowledge within the real asset sector and an impressive personal track record in sourcing and closing on real estate strategies as well as in structuring equity and debt products.

Douglas Edwards has been a leading professional within the pan-European real estate industry for the past three decades, having established a strong sales track record with proven client relationships across geographies and sectors. Edwards has raised more than EUR3 bn of equity in total during his career.

Thomas Landschreiber, Co-Founder and Chief Investment Officer of CORESTATE Capital Group says: "We are happy to find in Douglas Edwards another high-quality professional for CORESTATE's ambitious growth strategy and its continuing internationalisation. With his tremendous sales experience, deep-rooted access to the investor community and real estate knowledge he will help to provide our current and prospective clients with quality products and decisively contribute to the company's future performance."

Mr Edwards (57) most recently worked as Managing Director at Munich-based KGAL Capital where he co-led a sales & client management team of 27 people. Prior to joining KGAL, he served as Managing Director for Corpus Sireo, a multi-disciplinary real estate service provider belonging to Swiss Life Asset Managers, where he was responsible for business with international investors.

 

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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.



23.10.2018 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.de



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2018‑10‑04
CORESTATE acquires UK's largest independent student accommodation ...

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CORESTATE acquires UK's largest independent student accommodation provider and continues on growth course

10/04/2018

DGAP-News: CORESTATE acquires UK's largest independent student accommodation provider and continues on growth course

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Takeover

04.10.2018 / 08:56
The issuer is solely responsible for the content of this announcement.


 

CORESTATE acquires UK's largest independent student accommodation provider
and continues on growth course

  • Establishment of a market-leading European micro-living platform
  • Number of beds in the micro-living segment almost quadruples to more than 30,000
  • CORESTATE's assets under management increase by EUR 3 billion to EUR 25 billion
  • Continuous expansion of stable revenue base
  • Financing of the transaction entirely from free cash flow

CORESTATE Capital Holding S.A. (CORESTATE), a leading European investment manager for real estate, acquires CRM Students Ltd. (CRM), the largest independent student accommodation management company in the UK, for approximately EUR 17 million. Thus, CORESTATE's assets under management increase from EUR 22 billion to EUR 25 billion. The acquisition has been financed entirely from CORESTATE's free cash flow.

"We are aiming to become Europe's leading provider for micro-living and student accommodation, a market that is growing dynamically. We are already holding the top position in Germany. By acquiring CRM, we are bringing a prominent international partner on board," says Dr. Michael Bütter, CEO of CORESTATE. "CRM will become part of our multi-boutique platform, granting us market entry in the UK. Furthermore, the comprehensive expertise in international student accommodation operations will open up additional synergies. Through CRM's project pipeline, we will gain access to additional investment opportunities in interesting European university cities. By using these opportunities, we want to continue our growth."

"CRM is a highly professionalised real estate manager in the micro-living segment and maintains a broad and attractive customer base. With their specialised business model, CRM delivers stable, long-term and predictable profit contributions, and perfectly rounds off the sustainable revenue structures of our business model. Already today, clearly above 80% of our revenues are recurrent in nature," Bütter adds.

CORESTATE expands its micro-living offering to an attractive market

With 23,000 beds and 145 locations, CRM is by far the largest independent student accommodation management company in the UK, a market offering very attractive growth opportunities. This year, the company anticipates sales at approximately EUR 13 million and an EBITDA of approximately EUR 2 million.

CRM advises customers such as universities as well as institutional and semi-professional investors from the concept stage of a project to marketing and the long-term management of real estate assets. CRM thereby ideally complements CORESTATE's existing micro-living offering - both in terms of regions and concepts.

CORESTATE is the market leader in micro-living investments in Germany. Under the brands YOUNIQ, LinkedLiving and Upartments, the company is playing an active role in the student accommodation, serviced-apartments and business-apartments segments. It covers the entire range of real estate investment services, from acquisition and sales, financing and property development to professional management.

Increase in international expertise in the student accommodation segment

CORESTATE acquires CRM from founder Keith White and a group of private investors. CEO Stewart Moore and his management team will continue to lead CRM's business activities and will play a key role in further developing CORESTATE's European platform, while Keith White will, as Non-Executive Chairman, further contribute his network and his many years of expertise in student accommodation to CORESTATE.

Apart from the location, operator quality is the decisive success factor in the micro-living segment. By acquiring CRM, CORESTATE has significantly boosted its service profile in the international student accommodation segment. CORESTATE unifies broad asset management competencies with a strong expertise in property management for an effective national and international asset marketing, thus ensuring high utilisation rates.


PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +49 174 4022348
andre.zahlten@corestate-capital.com

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +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 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 900 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.



04.10.2018 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.de



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2018‑09‑06
Corestate Capital Holding S.A.: CORESTATE expands management team ...

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Corestate Capital Holding S.A.: CORESTATE expands management team

09/06/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE expands management team

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

06.09.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


CORESTATE expands management team

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, continues its growth course and has expanded its management capabilities.

Dirk Lembke has joined the management board of UPARTMENTS Real Estate GmbH, CORESTATE's micro living unit, in August 2018. He previously served for nine years at ATOS Asset Management GmbH, responsible for investment and controlling. With 20 years' experience in project management and controlling in the property industry, Lembke has a profound knowledge of due diligence, asset management and maintenance. At UPARTMENTS, he is mainly responsible for the development of the YOUNIQ brand. Lembke studied industrial engineering at HTWK Leipzig and has an MBA in Real Estate Management from BBA (Berlin-Brandenburger Akademie der Wohnungswirtschaft).

At CORESTATE's business unit Commercial, Dr Ralf Klann started on 1 September as a Managing Director. He heads up the unit alongside Dr Michael Hermes and Tobias Gollnest. Together with Hermes, he will be head of Asset Management Commercial. Over the past three years, he served as Managing Director at Apleona (the former Bilfinger Real Estate) in Frankfurt where he was responsible for the strategic development of the company as well as portfolio, asset and transaction management. Further stations include the Abu Dhabi Investment Authority (ADIA), JP Morgan Chase bank and Morgan Stanley. Klann looks back on over 25 years of experience in the real estate industry.

The third addition, also started on 1 September, is Kathrin Aigner as Chief Compliance Officer for the entire CORESTATE Capital Group. She previously worked as a lawyer with a focus on real estate at international law firm Hogan Lovells International LLP. The attorney has long-time experience in compliance, data protection and transaction issues in several international corporate law firms and also served as Chief Compliance Officer, Data Protection Officer and Head of Legal at various international companies. Aigner is admitted to the bar as a lawyer in Germany, England & Wales and the US (New York and US Supreme Court) and is a certified Compliance Officer and certified Data Protection Officer. Executive Director Chief Risk Officer Andreas Wahl-Ulm, the former Chief Compliance & Risk Officer at CORESTATE, will now focus on risk management and corporate data protection.

 

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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 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 has41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 600 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.

 



06.09.2018 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.de



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2018‑08‑22
Corestate Capital Holding S.A.: CORESTATE sells three trophy asse ...

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Corestate Capital Holding S.A.: CORESTATE sells three trophy assets and significantly reduces debt

08/22/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE sells three trophy assets and significantly reduces debt

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

22.08.2018 / 11:00
The issuer is solely responsible for the content of this announcement.


CORESTATE sells three trophy assets and significantly reduces debt


CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has sold three trophy assets from its own warehousing portfolio as scheduled. They include the Stadttor in Düsseldorf, the Palais Kronberg near Frankfurt and a trophy asset in The Netherlands. The transfer of all titles, rights and obligations will take place over the coming months. The parties agreed not to disclose the respective purchase prices of the assets.

Dr. Michael Bütter, CEO of the CORESTATE Capital Group: "The successful placement of the assets from our own portfolio was one of our strategic core goals this year. It had the positive side effect to significantly reduce our financial leverage. With the sale of the assets in the current positive market environment, we achieved a key finance goal ahead of time. Therefore we will also generate additional liquidity for further corporate growth. The achievement of this important milestone so soon after the excellent half-year results makes us look forward with continued optimism."

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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 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 600 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.



22.08.2018 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.de



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2018‑08‑17
Corestate Capital Holding S.A.: Hannover Leasing buys 'Central Po ...

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Corestate Capital Holding S.A.: Hannover Leasing buys 'Central Post' office building in Rotterdam for institutional property fund

08/17/2018

DGAP-News: Corestate Capital Holding S.A.: Hannover Leasing buys 'Central Post' office building in Rotterdam for institutional property fund

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

17.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Hannover Leasing buys "Central Post" office building in Rotterdam for institutional property fund

Pullach, 17 August 2018 - Hannover Leasing, part of the CORESTATE Capital Group, has bought the "Central Post" office building in Rotterdam in a Club Deal on behalf of Finnish mutual pension insurance company Ilmarinen and a German institutional investor. The seller is Icon Real Estate.

"Central Post" is one of the most famous office buildings in the heart of Rotterdam, located directly next to the main train station. Partly listed, the building from the 1950s has 38,500 sq.m. of GLA and was extensively refurbished and modernised in 2009. "Central Post" offers large floor plans of up to 3,000 sq.m. as well as a height between floors of up to six metres. The office is fully leased with anchor tenants including Basell Service Company, De Persgroep and ProRail. Some 225 parking spaces are part of the property.

"The building has a consistent rental history and today is leased long-term to a number of companies from different industries. This secures an excellent diversification of cash flow," says Michael Ruhl, Managing Director of Hannover Leasing.

Hannover Leasing ranks among the leading providers of tangible assets in Germany. The company's biggest shareholder is the CORESTATE Capital Group which holds 94.9 percent. Another 5.1 percent of the shares are held by Landesbank Hessen Thüringen (HELABA). Headquartered in Pullach near Munich, the group designs structured financing as well as closed-end funds and other investment vehicles for private and institutional investors. Its investment focus lies on real estate inside and outside Germany and aviation. So far, more than 69,700 private and institutional investors have committed to the funds of Hannover Leasing, investing a total of 10.1 billion Euros in equity in the process. Hannover Leasing's total assets under management adds up to approximately 12.6 billion Euros.

This publication represents only non-binding information that does not purport to be complete. Investors are advised to base any investment decision on a thorough review of the entire sales prospectus. The prospectus includes detailed information on the economic, fiscal and legal parameters underlying a given investment, and specifically on its risks. The full-length sales prospectus complete with addenda, where applicable, is available from the issuer and from the provider, each seated at Wolfratshauser Strasse 49, D-82049 Pullach, and can be requested free of charge.
 
Contact
Tom Zeller
Managing Partner
Feldhoff & Cie. GmbH
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de



17.08.2018 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.de



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2018‑08‑14
Corestate Capital Holding S.A.: CORESTATE doubles net profit and ...

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Corestate Capital Holding S.A.: CORESTATE doubles net profit and revenues in the first Half of 2018

08/14/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE doubles net profit and revenues in the first Half of 2018

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Half Year Results

14.08.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


CORESTATE doubles net profit and revenues in the first Half of 2018

- Positive operating performance with rising recurring revenues

- Aggregated revenues of EUR 125.8 million (+152%), adjusted EBITDA of EUR 77.7 million (+200%), adjusted net profit of EUR 60.9 million (+167%)

- Forecast for fiscal year 2018 reaffirmed

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, achieved significant organic growth in the first six months of the year and increased its Assets under Management in Real Estate core business by about EUR 900 million.

Dr. Michael Bütter, CEO: "We are pleased with the very good business development throughout the Group, especially at our subsidiaries Helvetic Financial Services (HFS) and Hannover Leasing, which will make sustainable and stable contributions to earnings following their acquisitions in 2017 with their specialized business models. The cornerstone for this is our comfortable "pipeline" of potential transactions of around EUR 5.7 billion."

In the first six months of the year, CORESTATE generated aggregated revenues of EUR 125.8 million; a year ago, that figure was EUR 48 million. Adjusted EBITDA in the first half of 2018 tripled year-on-year to EUR 77.7 million (EUR 26 million). Adjusted net profit for H1/2018 amounted to EUR 60.9 million, an increase of +167% on H1/2017 (EUR 22.8 million).

Lars Schnidrig, CFO: "The solid results in the first half of the year impressively document our business model's sustainable revenue structures. We are well on track to meeting our full-year financial outlook and will also achieve further improvement in the debt ratio on the balance sheet side by the end of the year."

Against this backdrop, the company confirms its financial forecast for the full year 2018 with aggregated revenues of EUR 230 million to 240 million, adjusted EBITDA of EUR 155 to 165 million and adjusted net profit of EUR 120 million to 130 million.

Michael Bütter continues: "CORESTATE stands for stable value development and outstanding performance. Over the past 24 months, we have innovatively expanded our product range to increasingly attract new investor groups. Additional regulatory expenses burden the operating profitability of smaller asset managers, which opens up strategic acquisition opportunities for us. We will also use our extensive experience in micro living and serviced apartments for a new product line addressing decisive changes in urbanization, mobility and demographic change. We are internationalising both on the product side and on the operational level. Our strong product pipeline in conjunction with our broad customer base gives us a very positive outlook for the second half of the year."

IR contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
ir@corestate-capital.com

PR contact
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 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 has41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 600 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.



14.08.2018 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.de



show this

2018‑08‑01
Corestate Capital Holding S.A.: CORESTATE acquires student reside ...

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Corestate Capital Holding S.A.: CORESTATE acquires student residence project in Sevilla, Spain

08/01/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires student residence project in Sevilla, Spain

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

01.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.



CORESTATE acquires student residence project in Sevilla, Spain

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxemburg, acquired a 413 unit student housing project in Sevilla in southern Spain for private investors as part of a Club Deal. Construction of the project started in June 2018 after CORESTATE had won a EUR 19.8m loan on a 5-year basis from a debt fund advised by LaSalle Investment Management for the investment.

The student residence in Sevilla will encompass over 11,500 sq.m. of GLA after its planned opening in the first quarter of 2020. A few minutes' walk from the city centre, it is located on the EUSA Campus which is part of the Universidad de Sevilla. The university is the largest in Spain with over 60,000 students. Overall, the Andalusian capital is home to more than 75,000 students, which represents 16% of Spain's total student population. The student residence will be operated by YOUNIQ, which is part of the CORESTATE Group.

As a market leader in the European micro living sector, CORESTATEs integrated business model covers the entire range of real estate services for their investors: from acquisition and sale, financing and property development all the way to smooth professional operations - without taking any project development risk.

Thomas Landschreiber, Co-founder and Chief Investment Officer, CORESTATE: "Spain is an important target market for the strategy. The country has seen rising student numbers, particularly international ones. This is boosted, among other things, by low tuition fees in comparison to other European countries as well as the rising amount of English-language courses offered by the universities. Entering the Spanish market is another step forward in the process of internationalizing our group efforts."

The loan has a maturity of five years. Matthias Heimann, Executive Director Debt Finance, CORESTATE: "Our heightened engagement in the Spanish student housing market helped us secure attractive financing conditions for the project." CORESTATE's first project in Madrid with 260 student apartments is close to completion and scheduled to open in September. Two further student housing projects are planned in Valencia and Bilbao.

 

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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 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 has41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 560 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.

-ENDS-



01.08.2018 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.de



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2018‑07‑27
Corestate Capital Holding S.A.: CORESTATE launches European value ...

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Corestate Capital Holding S.A.: CORESTATE launches European value-add investment program

07/27/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE launches European value-add investment program

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

27.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


CORESTATE launches European value-add investment program

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, is launching a new investment program for its Club Deal clients, which will invest in value-add retail, office and residential buildings in mid-sized European cities.

The diversified multi-club-deal investment program will target private investors, family offices and institutional investors. CORESTATE is taking an active asset management approach with a 'manage-to-core' strategy and will invest in undermanaged properties that offer value creation potential through renting, modernizing or repositioning these properties. The focus will be on the German market, but acquisitions may well also include individual properties in Spain, the Netherlands, Poland and the UK. The investment horizon is five years, target IRR is 16%. The program with a target volume of EUR 100-150 million will be structured as a Luxembourg-domiciled closed-end Reserved Alternative Investment Fund (RAIF). CORESTATE will ensure alignment of interest by co-investing in the program.

Thomas Landschreiber, Co-Founder and Chief Investment Officer of CORESTATE: "We have identified not only more investor interest in the value-add segment but also a host of asset opportunities for a manage-to-core strategy in mid-sized European cities. A lot of properties need refurbishment and modernization in order to meet changing customer and tenant needs. The European value-add program will benefit from these developments."

Several seed assets are already in the pipeline. They are characterized by an existing high cash flow in combination with vacancies. These types of assets enable CORESTATE to improve its overall performance by using its active asset management approach. The closing of the fund is expected later this year. By then, the program will encompass secured assets as well as a stable project pipeline.

"With the European value-add program, we will continue our strong Club Deal track record of delivering double-digit returns and seizing on short-term investment opportunities," adds Boris Pauli, Managing Director Client Relations, based in CORESTATE's office in Zurich, Switzerland. "The short maturity, transparent structure and low minimum investment support the attractive investment case for multi-family offices and private banks in particular." The program was launched specifically to meet the wishes of existing clients, which include the fund structure and the possibility to book the investment directly via their bank depot.

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Andre Zahlten
Phone: +49 69 3535630-108 / Cell phone: +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 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 560 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.



27.07.2018 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.de



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2018‑07‑18
Corestate Capital Holding S.A.: CORESTATE subsidiary HFS expandin ...

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Corestate Capital Holding S.A.: CORESTATE subsidiary HFS expanding market leadership in German mezzanine business - fund volume over EUR 1.2 billion

07/18/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE subsidiary HFS expanding market leadership in German mezzanine business - fund volume over EUR 1.2 billion

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

18.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


CORESTATE subsidiary HFS expanding market leadership in German mezzanine business - fund volume over EUR 1.2 billion

Helvetic Financial Services (HFS) AG, a wholly-owned subsidiary of CORESTATE Capital Holding S.A. (CORESTATE), has exceeded the EUR 1.2bn fund volume mark for the first time. The mezzanine finance provider has thus extended its market leadership in the real estate development financing segment in Germany. HFS currently provides financing for around 60 projects with a combined volume of EUR 7bn, nearly 80% of which are residential. CORESTATE bought HFS one year ago.

"HFS is a great example for the effective integration and enhancement of an already successful business model in the CORESTATE Group," said Dr Michael Bütter, CEO of CORESTATE. "HFS provides a considerable contribution to the group's total earnings, without us taking any project development risks of our own. In the course of the integration, we have already realized first substantial synergies for our clients, but we are only at the beginning here and expect more to come."

Supplementing traditional real estate banks, HFS offers subordinated capital and has emerged as one of the major project financier for urgently needed residential development in German metropolitan areas. Some 60% of the financed real estate projects are located in Germany's top seven major cities, known for her structural demand surplus.

Tim Schymik, COO of HFS: "Over the past 12 months alone, under the umbrella of CORESTATE, we are proud to have raised the fund volume by well over EUR 150m. Our experienced real estate development specialists are able to very precisely assess and control our respective projects. This has prevented the conditions for even a single default for our investors since the fund was established. Our customers and financing partners appreciate our many years of expertise, acknowledging it with the deep trust they place in us."

Dr Michael Bütter added: "HFS's unique market penetration ideally complements our range of services as an investment manager, the company having become a guarantee of success for our integrated business model after only a year. The first quarter figures already confirm that in impressive fashion and we are very confident that we will achieve our corporate financial targets for the full year."


IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
ir@corestate-capital.com

PR Contact
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 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 has41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 560 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.



18.07.2018 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.de



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2018‑07‑05
Corestate Capital Holding S.A.: CORESTATE acquires 260 serviced a ...

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Corestate Capital Holding S.A.: CORESTATE acquires 260 serviced apartments in Munich, Germany

07/05/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires 260 serviced apartments in Munich, Germany

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

05.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


CORESTATE acquires 260 serviced apartments in Munich, Germany

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxemburg, has bought a former office complex in Munich, Germany. Built at the beginning of the 1980s, the asset was recently refurbished to house 260 serviced apartments. The building offers 8,300 sq.m. of rental space, which apart from the flats includes common rooms, a fitness studio as well as a 1,800 sq.m. training and conference centre with a flexible floor plan.

Located in the Moosach district north-west of the city centre, the asset is well-linked to the B304 state road, a main city artery, as well as the local public transport network. The inner city can be reached in less than 15 minutes from the nearby subway station "Olympia-Einkaufszentrum". The Olympia mall itself offers a wide range of shopping as well as leisure opportunities on site.

Thomas Landschreiber, co-founder and Chief Investment Officer, CORESTATE: "As the German city with the strongest economy, Munich is of course a dream destination for all investors in the serviced-apartment segment, which targets young professionals, business travelers and project employees. The micro location is attractive as well: Several international corporates are located in the immediate vicinity, including the German headquarters of Spanish telecommunications company Telefónica and US software developer Oracle as well as an reseach and development site of the BMW Group."

 

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 has41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 560 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.



05.07.2018 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.de



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2018‑06‑18
Corestate Capital Holding S.A.: CORESTATE to invest EUR 2.4bn in ...

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Corestate Capital Holding S.A.: CORESTATE to invest EUR 2.4bn in micro-living assets

06/18/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE to invest EUR 2.4bn in micro-living assets

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

18.06.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


 

CORESTATE to invest EUR 2.4bn in micro-living assets

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, plans to invest a total of EUR 2.4bn in its micro-living segment until the end of 2019. CORESTATE already acquired 26 plots for development and properties with more than 7,600 apartments for students, commuters, project employees, entrepreneurs and young professionals. The current investment volume amounts to EUR 1.8bn.

Over the next two years, several assets will be added to the portfolio, which is set to grow beyond the 10,000-unit mark and reach a total investment volume of EUR 2.4bn. Target locations are selected German and European metropolises as well as university cities.

Thomas Landschreiber, Co-Founder and Chief Investment Officer, CORESTATE: "There are some mega-trends driving the demand for micro-apartments across Europe. Urbanisation is a significant factor. We are seeing population increases in city centers with strong economies that offer good job prospects and excellent universities. These locations are attracting workers willing to travel to find employment and the student population. Micro-apartments are in demand by both groups. We are at the beginning of the cycle in the micro-living asset class. There is a supply and demand imbalance in single-person housing, so for managers and investors, this segment of the market offers real development and investment potential in the coming years."

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.



18.06.2018 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.de



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2018‑05‑15
Corestate Capital Holding S.A.: CORESTATE reports a strong first ...

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Corestate Capital Holding S.A.: CORESTATE reports a strong first quarter - Full-year outlook confirmed

05/15/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE reports a strong first quarter - Full-year outlook confirmed

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Quarterly / Interim Statement

15.05.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


 

CORESTATE reports a strong first quarter - Full-year outlook confirmed

- Operating business developed well with synergies from strategic acquisitions

- Aggregate revenues totalled EUR 61.9m with adjusted EBITDA of EUR 38.8m and adjusted
net profit of EUR 34.7m

- Free float increased to over 63%; shares admitted to the SDAX; a key bond offering
successfully completed

- Financial outlook for FY2018 confirmed

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, posted a strong first quarter of 2018 following its dynamic performance in 2017. For the first three months, aggregate revenues totalled EUR 61.9m, adjusted EBITDA was EUR 38.8m and adjusted net profit was EUR 34.7m. Assets under management were approximately EUR 22bn at the end of March.

The company's new CEO, Dr. Michael Buetter, comments: "In contrast to the usual seasonality of the real estate sector, we are able to report a very solid first quarter in 2018. The main drivers were our attractive investment offering for clients and a stable transaction pipeline."

Revenue and cost synergies from last year's strategic acquisitions helped support the quarter's results. Moreover, the acquisitions broadened our product portfolio, enabling us to take advantage of a wider range of transaction opportunities and tap into a larger group of investors.

Looking beyond operating earnings, significant progress was also made on the capital market side. In mid-March 2018, CORESTATE was admitted to the SDAX index, supported by the strong share price appreciation in 2017 and the significant increase in the free float to over 63%. In March, the CORESTATE Group also made significant progress on the liabilities side by issuing a EUR 300m senior bond. "Our successful debut bond issue has significantly increased the average maturity of our financing and further reduced the Group's average cost of debt," reports CORESTATE's CFO, Lars Schnidrig. "The bond issue and admission to the SDAX mean that we now have very broad access to the capital markets, giving us additional flexibility for our ambitious organic and inorganic growth plans."

Dr. Buetter adds: "On the operational side, we enjoy a solid and diversified position thanks to our multi-faceted product portfolio, a selective international expansion strategy and our warehousing activities. Moreover, beyond our core business, we continue to see opportunities for strategic acquisitions, and this could enhance our mid- and longer-term growth profile.

In view of the good first quarter, the company is confirming its financial outlook for the full year 2018: We anticipate aggregate revenues of EUR 230-240m, adjusted EBITDA of EUR 155-165m and adjusted net profit of EUR 120-130m.

IR contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
ir@corestate-capital.com

PR contact
Tom Zeller
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.

Published today, the Q1 Report of the CORESTATE Capital Group S.A. for the first three months of 2018 is available on ir.corestate-capital.com



15.05.2018 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.de



show this

2018‑04‑27
CORESTATE Capital Holding S.A.: succesful Annual General Meeting, ...

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CORESTATE Capital Holding S.A.: succesful Annual General Meeting, distribution of EUR 2.00 per share approved

04/27/2018

Press release: CORESTATE Capital Holding S.A.: succesful Annual General Meeting, distribution of EUR 2.00 per share approved

  • All agenda items approved with strong majorities
  • Distribution per share doubled to EUR 2.00
  • FY 2018 guidance confirmed

The shareholders of CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, have approved all agenda items with strong majorities at today’s Annual General Meeting (AGM). Details on the votes can be found on the company website.

Amongst the resolutions of the AGM was the distribution of EUR 2.00 per share (previous year: EUR 1.00). The total distribution volume corresponds to EUR 42,588,246. Referred to the adjusted net profit for the financial year 2017, the distribution ratio amounts to around 46%.

CORESTATE’s full-year 2018 guidance was also confirmed at the AGM. The company expects aggregated revenues of between EUR 230m and EUR 240m, an adjusted EBITDA of between EUR 155m and EUR 165m and an adjusted net income of between EUR 120m and EUR 130m.

IR Kontakt
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
ir@corestate-capital.com

PR Kontakt
Tom Zeller
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately € 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 560 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.

2018‑04‑26
Corestate Capital Holding S.A.: CORESTATE invests in a serviced a ...

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Corestate Capital Holding S.A.: CORESTATE invests in a serviced apartment building in Düsseldorf, Germany

04/26/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE invests in a serviced apartment building in Düsseldorf, Germany

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

26.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


CORESTATE invests in a serviced apartment building in Düsseldorf, Germany

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, is investing in a serviced apartment building in Düsseldorf, Germany. Upon completion of the current conversion works on site, the asset will comprise 70 modern and self-contained serviced apartment units.

The plot currently houses two office buildings. The redevelopment consists of their conversion into a modern and high-quality serviced apartment building, by adding a central structure. The property is located in the center of Düsseldorf, benefitting from its proximity to the city's main high street Königsallee, the central station as well as from its vicinity to the banking district. The asset enjoys access to various shopping amenities and is well-connected to public transportation via the central station and several underground stations. Düsseldorf's trade fair, airport, the Medienhafen district and the city's lively old town with its various leisure facilities and cultural events are easily accessible.

Thomas Landschreiber, Co-founder and CIO of CORESTATE: "Due to its strong economy and high attractiveness and living quality, Düsseldorf has developed a large and consistent demand for serviced apartments. This project is a unique opportunity for investors to benefit from the city's fast-growing demand for serviced living. At the same time, CORESTATE will extend its existing management platform with an innovative and under-developed asset class."

UPARTMENTS Real Estate GmbH, part of the CORESTATE Group, will operate the residence.

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630107 / Cell phone: +49 152 22755400
ir@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.



26.04.2018 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.de



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2018‑04‑06
Corestate Capital Holding S.A.: CORESTATE finances BVK high-stree ...

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Corestate Capital Holding S.A.: CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW

04/06/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

06.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.



CORESTATE finances BVK high-street portfolio with EUR 343m loan from LBBW

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has received a loan facility with a volume of EUR 343m from Stuttgart-based landesbank LBBW (Landesbank Baden-Württemberg). The facility will be used to finance the seed portfolio of the high-street fund managed on behalf of Germany's largest pension fund BVK (Bayerische Versorgungskammer). Since mid-2017, CORESTATE holds the asset-management mandate for the EUR 687m portfolio, which was launched on Universal-Investment's platform. The portfolio encompasses 90 assets across Germany, which CORESTATE originally acquired and held in several portfolios in its club deal programme.

The debt facility has an attractive fixed interest rate and a maturity of 10 years. "We did not only manage to achieve an attractive interest rate in the current volatile credit market environment but additionally took the interest rate risk out of the equation for the BVK portfolio," commented Lars Schnidrig, CFO of CORESTATE, on the transaction.

Overall, CORESTATE manages a portfolio of 200 high-street assets with a total investment volume of over EUR 2bn in German mid-sized cities.

 

IR Contact
Dr. Kai Gregor Klinger
Phone: +49 69 3535630-107 / Cell phone: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.



06.04.2018 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.de



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2018‑04‑04
Corestate Capital Holding S.A.: CORESTATE and Universal-Investmen ...

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Corestate Capital Holding S.A.: CORESTATE and Universal-Investment acquire 271 student apartments in Munich from STRABAG Real Estate for Bayerische Versorgungskammer

04/04/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE and Universal-Investment acquire 271 student apartments in Munich from STRABAG Real Estate for Bayerische Versorgungskammer

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

04.04.2018 / 09:00
The issuer is solely responsible for the content of this announcement.


CORESTATE and Universal-Investment acquire 271 student apartments in Munich from STRABAG Real Estate for Bayerische Versorgungskammer

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated property investment manager and co-investor based in Luxembourg, has bought the student residence "Reserl" in Munich in an asset deal from developer STRABAG Real Estate GmbH. The property will become part of the real estate umbrella fund launched on the Luxembourg AIF platform by Universal-Investment on behalf of German pension fund Bayerische Versorgungskammer (BVK).

The property offers close to 6,300 sq.m. of residential space. Apart from 271 student apartments, it also includes an organic supermarket and a gastronomy unit with a combined space of 785 sq.m. The student apartments were opened in autumn last year; full completion of the asset took place in February 2018.

Reserl is located directly at the underground station Brudermühlstrasse in Munich's Sendling district. Both the inner city as well as the Ludwig-Maximilians-University are 15 minutes away.

Thomas Landschreiber, CIO of CORESTATE: "A possible alternative use and the flexible design was already incorporated during the conception phase of the building. The apartments can be partitioned and individually billed and can thus easily be privatised. With its experience in student and micro-living, CORESTATE is able to tackle and implement these kinds of new concepts."

"With the transaction, we benefited from the tense Munich housing market and the central location of the property as well as from the development of a modern living concept", says Rainer M. Schäfer, managing director of STRABAG Real Estate, highly pleased with the deal.

UPARTMENTS Real Estate GmbH, part of the CORESTATE Group, will operate the residence.

IR Contact CORESTATE
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / Cell phone: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact CORESTATE
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

PR Contact STRABAG Real Estate
Rahel Willhardt
Phone: +49 221 824-2137 / rahel.willhardt@strabag.com

PR Contact Universal-Investment
Bernd Obergfell
Phone: + 49 69 71043 575 / bernd.obergfell@universal-investment.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 560 people and is listed in the regulated market (SDAX) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.

About STRABAG Real Estate GmbH
STRABAG Real Estate GmbH (SRE) is one of Europe's leading project developers and is particularly strong in Germany and Austria. As part of STRABAG SE, it is one of the financially strongest and most innovative construction technology groups. The company's range of services encompasses all phases of project development - from initiation and planning up to realisation, leasing and sale. The broad SRE portfolio includes the development of office, retail and commercial real estate as well as residential buildings, hotels and special properties. Since its foundation in 1965, the company has completed more than 450 projects. In addition to the MesseCity in Cologne, currently the biggest projects of SRE are the FLARE in Frankfurt/Main, the NEW OFFICE in Dusseldorf and the INTELLIGENT QUARTERS in Hamburg: www.strabag-real-estate.com

About Universal-Investment
With fund assets in excess of about EUR 355 billion under administration, thereof EUR 295 billion in own vehicles, over 1,100 funds and investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in German-spoken Europe. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 December 2017)
Please visit www.universal-investment.com for more information

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-



04.04.2018 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.de



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2018‑03‑29
Corestate Capital Holding S.A.: CORESTATE issues EUR 300m corpora ...

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Corestate Capital Holding S.A.: CORESTATE issues EUR 300m corporate bond - optimization of capital structure

03/29/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE issues EUR 300m corporate bond - optimization of capital structure

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Bond

29.03.2018 / 12:37
The issuer is solely responsible for the content of this announcement.


CORESTATE issues EUR 300m corporate bond - optimization of capital structure

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has issued a corporate bond with a volume of EUR 300m. Fully placed with institutional investors, the bond has a maturity of five years and an annual coupon of 3.5%.

Lars Schnidrig, Chief Financial Officer of CORESTATE: "The successful placement in a volatile market environment reflects the trust the capital market has in our sustainable business model and enables us to further reduce our financing costs and to optimize our capital structure. The access to the bond market also forms an integral part in the implementation of our long-term growth strategy."

The proceeds of the issue will be used to refinance existing loans at better rates as well as for the continuation of the growth strategy.


IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.



29.03.2018 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.de



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2018‑03‑13
Corestate Capital Holding S.A.: Publication of 2017 Annual Report ...

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Corestate Capital Holding S.A.: Publication of 2017 Annual Report and dividend proposal

03/13/2018

DGAP-News: Corestate Capital Holding S.A.: Publication of 2017 Annual Report and dividend proposal

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Final Results

13.03.2018 / 07:00
The issuer is solely responsible for the content of this announcement.



CORESTATE: Publication of 2017 Annual Report and dividend proposal

- 2017 a successful year of strong and solid growth

- Dividend proposal of EUR 2.00 per share for the 2018 Annual General Meeting

- Free float increased to 63%, admission to the SDAX on March 19, 2018

- Financial outlook for 2018 fully confirmed

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, is presenting its Annual Report today for 2017, a year in which the company experienced dynamic growth. All financial targets in 2017 were clearly surpassed, with aggregate revenues of EUR 195.0 million, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 123.3 million and adjusted net income of EUR 93.3 million, in addition to comprehensive integration steps with the strategic acquisitions of Hannover Leasing, HFS and ATOS.

In light of these excellent operating figures, the Management Board and the Supervisory Board will propose the appropriation of the balance sheet profit with a dividend of EUR 2.00 per CORESTATE share at the 2018 Annual General Meeting. That corresponds to a dividend payout of around EUR 42 million and a payout ratio of 45% based on adjusted net income.

"An attractive dividend yield of currently around 4% allows our shareholders to extensively participate in the company's success. Furthermore, the two major reallocations within our shareholder base in late February saw free float rise to 63%, with positive consequences for our stock market liquidity and positioning in the SDAX stock market segment following our admission on March 19. We are very confident that we will be able to address new investor groups and look forward to the continuation of our consistent success story within the capital market," said Lars Schnidrig, CORESTATE's Chief Financial Officer.

The pipeline for potential new business was expanded to around EUR 6 billion at the end of last year (+5% since Q3 2017). Thomas Landschreiber, CORESTATE's Chief Investment Officer, adds: "The broad and attractive product offering that we can provide for our clients by establishing the new multi-boutique platform is a major contribution to the success of our business model. We are only at the beginning when it comes to exploring the strategic potential that lies in the interaction of our acquisitions. We therefore feel that we are in the best position to implement our organic growth targets as well as further acquisitions."

This backdrop allows the financial outlook for the current financial year to be fully confirmed. The company expects aggregate revenues for 2018, including income from real estate investments, to be between EUR 230 and 240 million, adjusted EBITDA of between EUR 155 and 165 million and adjusted net income of EUR 120 to 130 million. These figures exclude any acquisitions.

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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 560 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.



13.03.2018 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.de



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2018‑03‑01
Corestate Capital Holding S.A.: Free float significantly improved ...

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Corestate Capital Holding S.A.: Free float significantly improved

03/01/2018

Press release: Corestate Capital Holding S.A.: Free float significantly improved

2018-03-01 Corestate Capital Holding S.A.: Free float significantly improved - Due to increasing demand from institutional investors, the existing shareholders Ralph Winter and Marcellino Graf von und zu Hoensbroech have placed end of February around 4 million shares in the market via an accelerated bookbuild offering. After the placement the free float could get increased to more than 63% and the share liquidity was enhanced substantially. The founder of CORESTATE Ralph Winter remains the largest shareholder with a 18% stake.

2018‑02‑27
Corestate Capital Holding S.A.: CORESTATE acquires 257 new apartm ...

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Corestate Capital Holding S.A.: CORESTATE acquires 257 new apartments in Berlin and Dresden

02/27/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires 257 new apartments in Berlin and Dresden

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

27.02.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


CORESTATE acquires 257 new apartments in Berlin and Dresden


CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has bought 257 new apartments in Berlin and Dresden for its Special AIF CORESTATE Residential Germany Fund II. The total transaction volume is in the two-digit million euro range.

CORESTATE bought the Alfred & Charlotte project in Berlin's Lichtenberg district from developer Belle Époque. Upon planned completion in the fourth quarter of 2019, the five-storey residential and commercial building will offer 120 flats with 6,140 sq.m. of lettable space as well as 1,160 sq.m. of retail space, an office or medical practice unit and a kindergarten.

In Dresden, CORESTATE bought an inner city project, located between the Zwinger castle, the Semper Opera and the iconic Frauenkirche church. The seller is investor and project developer Revitalis Real Estate, which is creating a new urban living quarter directly on the central Altmarkt square. The part taken over by CORESTATE includes 137 flats with 8,700 sq.m. of space as well as 190 sq.m. of retail space. Completion of the eight-storey building is planned for mid-2020.

Thomas Landschreiber, Chief Investment Officer, CORESTATE: "Due to our good market network, we were able to secure two attractive long-term investment opportunities with these two projects for our investors in the CORESTATE Residential Germany Fund II."

The open-ended Special AIF is aimed at institutional investors in the German-speaking region and has a target investment volume of at least EUR 300m. The CORESTATE Residential Germany Fund II is focused on new residential buildings in metropolitan regions and prosperous cities across Germany. The fund targets a regular distribution of at least 4% p.a. Hannover Leasing Investment GmbH is acting as the fund administrator (KVG).

 

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
Kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de

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.



27.02.2018 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.de



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2018‑02‑20
Corestate Capital Holding S.A.: Preliminary financial result for ...

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Corestate Capital Holding S.A.: Preliminary financial result for 2017

02/20/2018

DGAP-News: Corestate Capital Holding S.A.: Preliminary financial result for 2017

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Preliminary Results

20.02.2018 / 07:00
The issuer is solely responsible for the content of this announcement.



CORESTATE: Preliminary financial result for 2017

- 2017 guidance again exceeded: adjusted net profit more than quadrupled to EUR 93m, adjusted EBITDA of EUR 123m, aggregated revenues of EUR 195m

- Sustainable turnaround of Hannover Leasing, H2 2017 with strong profit increase to EUR 10m (previous year EUR -9m)

- Portion of recurring fee income at approximately 85%

- Planned doubling of the dividend to EUR 2.00 per share

- Financial Forecast raised for 2018

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has successfully concluded its first financial year after significant acquisitions: All operative and financial targets for 2017 were reached or exceeded. Aggregated revenues - including income from real estate investments - more than tripled to EUR 195m, adjusted earnings before interests, taxes and amortisation (EBIDTA) increased to EUR 123m and adjusted net profit to EUR 93m. The positive development is also reflected by the increase of the time weighted average earnings per share by around +120% to EUR 3.28 per share. The unadjusted EBITDA of the financial year, which includes one-off burdens, mainly from transactions, amounts to EUR 105m, the unadjusted net profit to EUR 56m.

Lars Schnidrig, Chief Financial Officer of CORESTATE: "The good financial result is a testimony to our ability to implement as well as the trust our clients and investors have in CORESTATE's sustainable business model. In view of our high portion of recurring fee income of around 85% it gives at the same time scope for a positive dividend development. For the financial year 2017, we are thus planning to pay out an overall dividend of around EUR 42m, which corresponds to EUR 2.00 per share."

The integration of our strategic acquisitions made far quicker progress than planned. Since their consolidation, HFS and ATOS are both delivering high contributions to the results and are generating already initial substantial synergies. At the same time, Hannover Leasing significantly advanced its business. After the impressive profit increase in the third quarter of 2017, Hannover Leasing's earnings power was strengthened and expanded in the fourth quarter as well, with a profit of EUR 5m (H2 2017 EUR 10m).

"Following the successful and quick integration of our strategic acquisitions, we can tackle selective acquisitions of further asset managers with complementary asset classes in 2018. Reasonable pricing as well as a unique cachet are the most important factors here," said Thomas Landschreiber, Chief Investment Officer at CORESTATE. "With our multi-boutique platform, we are already realising promising initial synergies in fund investments for our clients and are expecting to expand these significantly in the coming quarters."

Against this backdrop, CORESTATE is substantiating and raising its forecast for the financial year 2018. It expects aggregated revenues - including income from real estate investments - of between EUR 230m and EUR 240m, adjusted EBITDA of between EUR 155m and 165m and adjusted net profit of between EUR 120m and 130m, this corresponds roughly to an increase of one third compared to the previous year. The forecast is based on the current portfolio and excludes possible further acquisitions.

The aggregated financial results in hand include the pro-rata consolidation of Helvetic Financial Services AG (since 7/2017), Hannover Leasing (since 7/2017) and ATOS (since 11/2017). They are preliminary, unaudited and may include rounding differences.

 

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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.



20.02.2018 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.de



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2018‑02‑14
Corestate Capital Holding S.A.: Preliminary results on 20 Februar ...

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Corestate Capital Holding S.A.: Preliminary results on 20 February 2018

02/14/2018

DGAP-News: Corestate Capital Holding S.A.: Preliminary results on 20 February 2018

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Preliminary Results

14.02.2018 / 11:30
The issuer is solely responsible for the content of this announcement.


CORESTATE Capital Holding S.A.: Preliminary results on 20 February 2018

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, intends to publish preliminary results for the fiscal year 2017 on 20 February 2018 (Revenue, EBITDA, Net profit). The information will be available on our website (ir.corestate-capital.com) at 7 a.m. CET. A conference call for analysts and investors including a webcast is scheduled for 2 p.m. CET.

The complete set of numbers and the annual report will be published as scheduled on 13 March 2018.

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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.



14.02.2018 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.de



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2018‑02‑12
Corestate Capital Holding S.A.: CORESTATE's high street portfolio ...

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Corestate Capital Holding S.A.: CORESTATE's high street portfolio breaks EUR 2bn AUM threshold

02/12/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE's high street portfolio breaks EUR 2bn AUM threshold

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

12.02.2018 / 08:30
The issuer is solely responsible for the content of this announcement.



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
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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.de



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2018‑02‑06
Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. at ...

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Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

02/06/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

06.02.2018 / 20:35
The issuer is solely responsible for the content of this announcement.



CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board

As of 1 May 2018 Dr Michael Bütter will become successor to the incumbent Chief Executive Officer Sascha M. Wilhelm, who will leave the Company as of 30 April 2018 in best mutual consent. Sascha M. Wilhelm: "It is a good and appropriate time to hand over a successful Company into new hands. I know and appreciate Michael Bütter and will support him to the best of my ability." Dr Bütter will hold a prominent management function as CEO within the Executive Board and in particular be in charge of CORESTATE Group's strategy, international expansion, M&A activities including strategic investments, management of real estate investors as well as client relations.

Dr Michael Bütter has more than 18 years of experience in the real estate and private equity industry. He advises CORESTATE as a Member of the Senior Advisory Circle since 2016. The 47-year old is currently a Member of the Extended Management Board as well as Group General Counsel and SVP HR & Communication of the S-DAX of the Frankfurt Stock Exchange listed Scout24 AG and Managing Director of Immobilien Scout GmbH. Before, he was responsible - as a member of the Management Board (Chief Investment Officer and Chief Legal Officer) of Ferrostaal Group - for the successful exit of the private equity investor. In his function as long-standing member of the Executive Board of Deutsche Annington Immobilien SE (Vonovia SE) as well as its Group General Counsel he lead, amongst others, the 6 billion euro CMBS refinancing and the complex IPO of the later DAX company to success. Dr Michael Bütter serves currently as a member of the supervisory boards of ASSMANN BERATEN+PLANEN AG (Deputy Chairman), ADO Properties S.A. (Head of Audit Committee) as well as TLG Immobilien AG (Deputy Chairman) and is a Member of the German Management Board of RICS. He studied law and economics in Hamburg and Oxford and is a doctor of law.

Micha Blattmann, Chairman of CORESTATE's Supervisory Board: "We are convinced that Dr Michael Bütter has the management skills and experience to develop CORESTATE Group into an internationally successful investment house in a stable and consistent manner. The diversification of our product range and the ongoing digitalization combined with a balanced consolidation strategy are the primary value drivers of our strategy. We would like to thank Sascha Wilhelm very much for his continued commitment over the past years, with which he has successfully helped to develop CORESTATE into a leading investment manager and co-investor in the real estate sector with excellent prospects."

Dr Michael Bütter comments his new role: "I am fully dedicated to add value and to expand CORESTATE's product and international investor base and increase the Company's value. CORESTATE is extremely well-positioned to further drive the consolidation process within our industry. Jointly with my colleagues on the Executive Board I would like to make CORESTATE the leading real estate investment manager."

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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-



06.02.2018 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.de



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2018‑01‑29
Corestate Capital Holding S.A.: CORESTATE and Universal-Investmen ...

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Corestate Capital Holding S.A.: CORESTATE and Universal-Investment acquire micro-living asset 'WOODIE' in Hamburg, Germany

01/29/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE and Universal-Investment acquire micro-living asset 'WOODIE' in Hamburg, Germany

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

29.01.2018 / 08:30
The issuer is solely responsible for the content of this announcement.



CORESTATE and Universal-Investment acquire micro-living asset "WOODIE" in Hamburg, Germany

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, acquired the micro-living asset "WOODIE", which includes 371 student housing units, in Hamburg, Germany. This asset was purchased for the real estate umbrella fund, which was launched on the Luxembourg AIF-Platform of Universal-Investment on behalf of Bayerische Versorgungskammer (BVK).

The student residence was completed in autumn 2017 and comprises a total rental area of 7.700 sq.m. - spread over 371 apartments, two shared utility rooms and two commercial units.

The asset, a seven-storey hybrid building constructed of reinforced concrete and wood, is located in Hamburg Wilhelmsburg, a new urban quarter on the Elbinsel island south of the city centre. The 20-sq.m. apartments are completely made of wood. Due to the flexible floor plan, the building can easily be used for alternative purposes.

Thomas Landschreiber, CIO of CORESTATE: "WOODIE is already the 12th asset we have acquired for our BVK fund. Taking over long-term management of the attractive properties in the vehicle strengthens our business model and raises our profile as a manager to investors."

UPARTMENTS Real Estate GmbH, a CORESTATE subsidiary, will be responsible for the property management.

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

Press Contact for Universal-Investment
Bernd Obergfell
Phone: + 49 69 71043 575 / bernd.obergfell@universal-investment.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.

About Universal-Investment

With fund assets in excess of about EUR 355 billion under administration, thereof EUR 295 billion in own vehicles, over 1,100 funds and investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in German-spoken Europe. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 December 2017)

Please visit www.universal-investment.com for more information

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-



29.01.2018 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.de



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2018‑01‑22
Corestate Capital Holding S.A.: CORESTATE appoints Dr. Kai G. Kli ...

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Corestate Capital Holding S.A.: CORESTATE appoints Dr. Kai G. Klinger as new head of Investor Relations

01/22/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE appoints Dr. Kai G. Klinger as new head of Investor Relations

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

22.01.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


CORESTATE appoints Dr. Kai G. Klinger as new head of Investor Relations


CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, appoints Dr. Kai G. Klinger as new head of Investor Relations & Capital Markets. He will report to Chief Financial Officer Lars Schnidrig.

Kai has a longstanding track record in capital markets and transactions from his work experience for example at Asklepios Kliniken, DZ Bank and PricewaterhouseCoopers. Before he has joined CORESTATE, he was several years responsible for Investor Relations & Corporate Finance at the MDAX company RHÖN-KLINIKUM AG. Kai studied economics at the University of Heidelberg and received a doctorate degree in business administration from the University of Mannheim.

Lars Schnidrig, CFO of CORESTATE: "With Kai we gained a highly experienced and competent capital market expert for this important corporate function in our company. He will support our dynamic expansion strategy and develop our capital market presence substantially."

 

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

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-



22.01.2018 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.de



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2018‑01‑15
Hannover Leasing expands management with the appointment of Sebas ...

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Hannover Leasing expands management with the appointment of Sebastian Hartrott

01/15/2018

DGAP-News: Hannover Leasing expands management with the appointment of Sebastian Hartrott

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

15.01.2018 / 08:35
The issuer is solely responsible for the content of this announcement.


Hannover Leasing expands management with the appointment of Sebastian Hartrott

Pullach, 15 January 2018 - Hannover Leasing, part of the CORESTATE Capital Group, has expanded its management board to three from two members, promoting Sebastian Hartrott, previously Head of Legal, to Managing Director on 1 December 2017.

Hartrott, who complements the current board consisting of Marcus Menne and Michael Ruhl, will be responsible for legal, compliance, IT, information security, structuring, prospecting and business organisation, among other things.

Hartrott joined the Hannover Leasing Group in 2015 and was mainly responsible for matters concerning investment and corporate law in his role as Head of Legal. He previously worked eight years for several audit companies, including PricewaterhouseCoopers in Munich. As an external advisor, he took care of the legal aspects of Hannover Leasing's repositioning as a financial investment management company under the new AIFM directive. The 41-year-old fully qualified lawyer studied law at the University of Cologne. Since 2016, he is also an assistant lecturer for finance and capital markets law at the Fresenius University of Applied Sciences in Munich.

Michael Ruhl comments: "Hannover Leasing is strengthening its management board mainly in order to prepare for increasingly complex regulatory requirements. With the promotion of Sebastian Hartrott, we are adding a specialist who knows how to manage complex legal tasks at the head of our company."

Hannover Leasing ranks among the leading providers of tangible assets in Germany. The company's biggest shareholder is the CORESTATE Capital Group which holds 94.9 percent. Another 5.1 percent of the shares are held by Landesbank Hessen Thüringen (HELABA). Headquartered in Pullach near Munich, the group designs structured financing as well as closed-end funds and other investment vehicles for private and institutional investors. Its investment focus lies on real estate inside and outside Germany and aviation. So far, more than 69,700 private and institutional investors have committed to the funds of Hannover Leasing, investing a total of 10.1 billion Euros in equity in the process. Hannover Leasing's total assets under management adds up to approximately 12.6 billion Euros.


This publication represents only non-binding information that does not purport to be complete. Investors are advised to base any investment decision on a thorough review of the entire sales prospectus. The prospectus includes detailed information on the economic, fiscal and legal parameters underlying a given investment, and specifically on its risks. The full-length sales prospectus complete with addenda, where applicable, is available from the issuer and from the provider, each seated at Wolfratshauser Strasse 49, D-82049 Pullach, and can be requested free of charge.
 
 
Contact
Tom Zeller
Managing Partner
Feldhoff & Cie. GmbH
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de
 



15.01.2018 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.de



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2018‑01‑11
Corestate Capital Holding S.A.: CORESTATE acquires and manages ne ...

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Corestate Capital Holding S.A.: CORESTATE acquires and manages newly built micro-apartments worth EUR 670m for Bayerische Versorgungskammer

01/11/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE acquires and manages newly built micro-apartments worth EUR 670m for Bayerische Versorgungskammer

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

11.01.2018 / 08:30
The issuer is solely responsible for the content of this announcement.



CORESTATE acquires and manages newly built micro-apartments worth EUR 670m for Bayerische Versorgungskammer


CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor based in Luxembourg, has acquired five project developments comprising a total of over 1,700 newly built micro-apartments in Germany. The five properties were acquired by way of a forward deal for the real estate umbrella fund set up for Bayerische Versorgungskammer (BVK) on the Luxembourg-based AIF platform of Universal-Investment. The combined asset value after completion will be EUR 670m. The projects' seller and developer is CG Gruppe AG.

The high-rise buildings are located in Dresden, Dusseldorf, Frankfurt/Offenbach, Cologne and Leipzig, respectively. The asset in Dresden will comprise 191 residential units with a total floor space of c. 11,100 sqm, 262 parking spots and 3,300 sqm of commercial space, as well as a restaurant and a bistro. In Düsseldorf, a multi-story building of 423 residential units with a total floor space of 22,600 sqm and close to 1,000 sqm of commercial space is being constructed by 2021. Featuring a Skylounge, a wellness area and a gym as well as underground parking for electric cars, the property at Kaiserlei right on the city limits of Offenbach and Frankfurt/Main will comprise 632 apartments with a combined living space of 31,500 sqm and c. 6,200 sqm of commercial space. A project with a total floor space of c. 20,700 sqm is being developed in Cologne; close to half of the space will be dedicated to 200 residential units, with c. 11,600 sqm being updated for tenants such as Deutsche Post, Deutsche Bahn Service and others. Situated close to downtown Leipzig, an asset featuring 296 apartments with c. 16,000 sqm of combined floor space is being developed. The new upscale residential building, which also includes 4,300 sqm of commercial space for offices and restaurants, is located in the close vicinity of the Graphisches Viertel neighborhood and the university hospital.

Thomas Landschreiber, CIO of CORESTATE: "CORESTATE has built a superior deal sourcing network over many years. Thanks to that we benefit from an excellent access to great product. Although the markets are flooded with capital and investors are looking for the right product, we are facing the New Year 2018 with strong confidence due to our current asset pipeline of over EUR 5bn."

IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
kai.klinger@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

Press Contact for Universal-Investment
Bernd Obergfell
Phone: + 49 69 71043 575 / bernd.obergfell@universal-investment.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.

About Universal-Investment

With fund assets in excess of about EUR 355 billion under administration, thereof EUR 295 billion in own vehicles, over 1,100 funds and investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in German-spoken Europe. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 December 2017)

Please visit www.universal-investment.com for more information

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-



11.01.2018 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.de



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2018‑01‑09
Corestate Capital Holding S.A.: CORESTATE completes the HFS acqui ...

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Corestate Capital Holding S.A.: CORESTATE completes the HFS acquisition by early refinancing - HFS acquisition - funding costs reduced by 80%

01/09/2018

DGAP-News: Corestate Capital Holding S.A.: CORESTATE completes the HFS acquisition by early refinancing - HFS acquisition - funding costs reduced by 80%

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

09.01.2018 / 08:49
The issuer is solely responsible for the content of this announcement.



CORESTATE completes the HFS acquisition by early refinancing -
HFS acquisition - funding costs reduced by 80%

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, today announces the full repayment of an HFS acquisition loan (Compartment Thalos IX from Thalos Investment Platform S.A.) with a total nominal amount of EUR 150m. The loan formed part of the acquisition financing for Helvetic Financial Services AG (HFS) in July 2017. After the successful integration, the acquisition is now also on the balance sheet essentially completed.

As announced CORESTATE mainly used the proceeds from the successful issuance of a convertible bond in November 2017 to refinance debt.

Lars Schnidrig, CFO of CORESTATE: "With the early repayment, we were able as envisaged to cut our financing costs significantly. We reduce financing cost of the HFS acquisition by 80%. This is a first important step to lower our interest costs. We will continue to optimize the cost of capital in the future."


IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 2275400
Kai.Klinger@corestate-capital.com

PR Contact
Tom Zeller
T: +49 69 264867715 / M: +49 176 10430063
tz@feldhoff-cie.de

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.
*at year end 2017

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-



09.01.2018 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.de



show this
Show more Close