CORESTATE announced the acquisition of the French real estate investment management firm STAM Europe from Paris. The CORESTATE Group is thus taking another important step towards becoming the leading European real estate platform as part of its growth strategy.
Frankfurt, 8 July 2019. Today, CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment management company in Europe, announced the acquisition of the French real estate investment management firm STAM Europe from Paris. The CORESTATE Group is thus taking another important step towards becoming the leading European real estate platform as part of its growth strategy.
“We are pleased to welcome such a strong and established asset management company to our Group. Through this acquisition, we are consistently executing our European growth strategy. We are significantly expanding our product range on a regional basis in the highly attractive French market and at the same time expanding it to include a new asset class with the large logistics portfolio under management we are acquiring,” said Lars Schnidrig, CEO of CORESTATE.
“Being part of CORESTATE will give our investors much greater access to European real estate products and services. The increasing regulatory and customer requirements in areas such as transparency, fund management and ESG can be addressed much better as part of a joined platform. We therefore expect further significant organic growth impulses as part of the CORESTATE Group,” commented Edward Bates, CEO of STAM.
STAM was founded in 1997 and manages around EUR 2 billion from international institutional investors focusing on the French real estate market and the asset classes office, logistics, residential and retail. The company employs 25 people and covers the entire spectrum of real estate investment management. The closure of the transaction is subject to the approval of the French regulatory authority AMF and is expected to take place in the fourth quarter of 2019.
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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