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.
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.
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.
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