Hannover Leasing advised a major German foundation on acquiring the new corporate headquarters of ACPS Automotive in Ingersheim, Baden-Württemberg, and was responsible for structuring the deal. The transfer of ownership, benefits and responsibilities will take place this October.
Frankfurt/Main, 20 July, 2020. Hannover Leasing, a subsidiary of Corestate Capital Holding S.A. (Corestate), advised a major German foundation on acquiring the new corporate headquarters of ACPS Automotive in Ingersheim, Baden-Württemberg, and was responsible for structuring the deal. The transfer of ownership, benefits and responsibilities will take place this October.
Nils Hübener, Chief Investment Officer of Corestate: “For our client, we have structured a transaction with a contemporary investment property in the economically strong and growing metropolitan and technology region of Stuttgart. The building complex meets our high standards for sustainability and quality, will be DGNB Gold certified and is being leased on a very long-term basis. Besides the positive environmental characteristics, we have developed an attractive yield profile for our investors by means of efficient transaction and asset management structures in conjunction with balanced cash flow planning.”
ACPS is a market and technology leader for towbars/hitches for passenger cars, SUVs and vans. The new building, which was completed at the end of May, is being leased to ACPS for at least 15 years and consists of an office building and a research and development hall. The rental area is approx. 5,400 m², the plot of land just under 9,800 m².
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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