CORESTATE has structured a transaction on an attractive office property in Munich Hallbergmoos for a major US multi-asset alternative investment investor (>100 billion USD assets under management). The deal has an investment volume of EUR 45.5 million and is CORESTATE’s first joint transaction with the US investor.
Frankfurt, December 17, 2019. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment manager in Europe, has structured a transaction on an attractive office property in Munich Hallbergmoos for a major US multi-asset alternative investment investor (>100 billion USD assets under management). The deal has an investment volume of EUR 45.5 million and is CORESTATE’s first joint transaction with the US investor.
Lars Schnidrig, CEO CORESTATE: “We have once again won an important new institutional client and were able to convince them of our capabilities. We have further developed the property with our proven Manage-to-Core approach and corresponding value-enhancing measures.”
The multi-story building complex with 8 components and an underground car park is located in the district of Freising in the immediate vicinity of Munich Franz Josef Strauss Airport and is an established location on the growing Munich office market. The total lettable area is approx. 33,500 m². The tenants include several companies with strong credit ratings. NATO has been an important main tenant for many years.
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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