On 9 July 2021, René Parmantier, CEO of Corestate Capital Holding S.A. (Corestate), purchased 750,000 shares in the company over the counter at a price of € 12 each, and therefore at a premium of around 10% on the previous day’s closing price (€ 10.92).
Frankfurt, 13 July 2021. On 9 July 2021, René Parmantier, CEO of Corestate Capital Holding S.A. (Corestate), purchased 750,000 shares in the company over the counter at a price of € 12 each, and therefore at a premium of around 10% on the previous day’s closing price (€ 10.92).
René Parmantier: “Corestate is a one-of-a-kind company in the German and European real estate sector. The integrated business model and the even clearer focus on investors as our most important client group, initiated by me, are bearing fruit. The acquisition of Aggregate Financial Services (now Corestate Bank) is pivotal to our new strategy. And this now puts us into an even better position to participate in the awaited growth boost in all segments of the real estate market that is already manifesting itself today and is expected to pick up further after the pandemic. I have therefore decided to invest a substantial amount of my own money in Corestate. I hope this investment will be seen as a clear sign of confidence in our growth story, of which I am absolutely convinced.”
All told, the members of Corestate’s Management Board now hold over 3.3 million shares, corresponding to a proportion of around 9.7%. As a result, the Management Board is strongly personally invested in the success of the company, underscoring its commitment to Corestate’s sustainable and profitable positioning.
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 830 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 and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
Forward-looking statements
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