CORESTATE Capital Holding S.A. (“CORESTATE”), a fully integrated real estate investment manager and co-investor, goes public. The listing of the CORESTATE shares is scheduled for October 4, 2016, on the Frankfurt Stock Exchange. All 12,610,681 shares (ISIN LU1296758029 / WKN A141J3) shall be included to trading on the Frankfurt Stock Exchange via the Entry Standard.
CORESTATE successfully completed a capital increase by means of a private placement with selected international investors immediately before the approval of the securities prospectus.
“CORESTATE has grown to become a leading real estate investment manager in recent years. Since our inception we have completed real estate transactions with a volume of approximately Euro 5.6 billion. We are now seeing stable demand for real estate investment products in general and for comprehensive investment management solutions, in particular. With the listing on the Frankfurt Stock Exchange, we will be opening up sustainable access to the capital market for our company, which we intend to continue to use in the future to finance our growth,” explained Sascha Wilhelm, CEO of CORESTATE.
CORESTATE accompanies its customers as a fully integrated real estate investment manager along the entire value creation chain of real estate investment products and typically co-invests in these products alongside its clients. The range of investment products includes, in particular, the development of investment products, deal sourcing, structuring and execution of transactions, real estate investment management services during the holding phase of the investments and the development and execution of exit strategies. Customers of CORESTATE include mainly family offices and wealthy individuals, as well as an increasing share of institutional investors. On behalf of and together with its clients CORESTATE currently invests primarily in the asset classes commercial (retail, in particular) and housing (particularly micro-apartments for student housing and business apartments) in Germany, Austria and selectively in other European markets such as Spain.
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
Forward-looking statements
This press release may contain forward-looking statements. Forward-looking statements are all statements that are not historical facts and events. This applies wherever there is information about future financial profitability, plans and expectations with regard to the company, growth and profitability as well as economic conditions to which the company is exposed. Statements using the words „should“, „may“, „will“, „believes“, „expects“, „assumes“, „assumes“, „estimates“, „plans“, „believes“, „to the knowledge“, „estimates“ or similar expressions indicate such forward-looking statements. Forward-looking statements are based on current estimates and assumptions made by management to the best of their knowledge. Such forward-looking statements are based on assumptions and factors and are subject to uncertainties, the non-occurrence or occurrence of which may cause the actual circumstances, including the Company’s net assets, financial position and results of operations, to differ materially from or be more negative than those expressly or implicitly assumed or described in these statements. Certain forward-looking statements, while appropriate at this time, may prove to be incorrect. Various known and unknown risks, uncertainties and other factors could cause the forward-looking statements, actual results, financial position, development or performance of the Company to be materially different from those expressed or implied by such statements. Therefore, the Company and its management cannot be held responsible for the actual occurrence of the forecasted developments. It should be noted that the Company assumes no obligation to update such forward-looking statements or to conform them to future events or developments.
