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Press releases from the current year
Corestate acquires prestige project “Fünf-Häuser-Quartier” in Dreieich for Stadtquartier fund
Corestate has acquired the prestigious “Fünf-Häuser-Quartier” project known as “Neue Mitte” in the centre of the Dreieich district of Sprendlingen for its open-ended special AIF “Stadtquartiere I” for around EUR [...]
Corestate focuses on real estate business – Management of aircraft funds ends as planned
The Corestate subsidiary Hannover Leasing transferred the management of the aircraft funds it manages to the Dortmund-based Dr. Peters Group at the end of January 2022. Dr. Peters [...]
Corestate acquires new residential quarter in Kiel’s prime location “Am alten Bootshafen” for special institutional AIF
Corestate has acquired two buildings with 114 residential and three gastronomic commercial units in Kiel’s new development quarter “Am alten Bootshafen” for the special AIF “Residential Germany Fund II.” [...]
Corestate subsidiary HFS sells top residential portfolio to KGAL – largest real estate transaction in Leipzig in 2021
The Corestate subsidiary HFS has sold a premium new residential construction portfolio with commercial space and a gross lettable area of 22,900 m² in Leipzig, Germany, to KGAL Investment [...]
Corestate strengthens institutional real estate business: Martin Eberhardt joins as new CIO for DACH region, Edward Bates becomes CIO International
The experienced real estate expert Martin Eberhardt takes over the newly-designed position of Chief Investment Officer (CIO) DACH at Corestate. Top personnel selection increases the influence of the strategic [...]
Stavros Efremidis becomes new Chairman of the Supervisory Board
The significant changes in the shareholder base of Corestate Capital Holding S.A. ("Corestate") now also lead to a personnel change in the company's Supervisory Board. Stavros Efremidis and Dr. [...]
Corestate demonstrates shopping centre placement expertise with the sale of the important local shopping centre Warnow Park in Rostock
Corestate, a leading independent investment management company for real estate and related financing solutions, has sold Warnow Park in Rostock from its Highstreet VIII retail fund, thus underscoring its [...]
Local official Clemens Baumgärtner green-lights new, eco-friendly modular timber school building in Neuperlach, Munich
School building to be constructed on underground car park: Successful urban consolidation at Albert-Schweitzer-Straße 62-68 is the first project of its kind in Germany City quarter development enters [...]
Corestate study shows that real estate debt is a long-term growth market
Corestate, a leading independent investment management company for real estate and related financing solutions, is publishing its latest study entitled “Private Debt and Real Estate Financing – A Winning [...]
Corestate Bank structures three complex real estate financing transactions with a total volume of around EUR 130 million at short notice
Corestate Bank, a subsidiary of the Corestate Group, has arranged three complex financing transactions worth a total of around EUR 130 million over the past few days. The properties [...]
Corestate: Reallocation in the Shareholder Base – Previous Major Shareholders Exit
Frankfurt, 1 December 2021 - The two previous major shareholders, Passiva Participations S.a.r.l. / Aggregate Holdings 2 S.A. and Vestigo Immobilien Investment LP, have reduced their shareholding in the [...]
CORESTATE’S Micro Living universe grows – two new locations in Cologne and Mainz
CORESTATE continues to expand its European growth initiative in the Micro Living segment by adding two new properties in Mainz and Cologne. Most recently, the company won two prestigious [...]
Successful joint venture “Highlands II” expands acquisition volume by € 100mn
Corestate subsidiary STAM Europe and a North American institutional investor have expanded the acquisition volume of their second logistics and light industrial joint venture "Highlands II" by € 100mn. [...]
CORESTATE accelerates integration with new hires in key positions
Following the strategic realignment at the beginning of the year with a uniform platform for Real Estate Debt and Real Estate Equity, Corestate is now accelerating the integration of [...]
CORESTATE remains on track for success after first nine months of the year – Management Board reaffirms financial outlook for 2021
CORESTATE announced today its results for the first nine months of 2021. Aggregated revenue and gains climbed by 18.9% in the reporting period to € 169.6m (previous year: € 142.7m). [...]
CORESTATE sells very successfully managed Berlin operations center of Deutsche Bahn AG
Corestate, a leading independent investment management company for real estate and related financing solutions, has sold a top property, the Deutsche Bahn AG operations center in Berlin, to DIC [...]
European Commission extends lease of 14,500 sqm in Brussels’ top office complex ‘Covent Garden’ through end of 2028
Hannover Leasing has extended a lease of nearly 14,500 sqm with the European Commission that expires on 1 March 2022 for the top “Covent Garden” office complex it manages in [...]
Corestate subsidiary STAM acquires portfolio of new urban logistics for Highlands II joint venture in the Paris region
STAM Europe, a French logistics specialist with 1 million sqm under management, is continuing its expansion into urban logistics with the acquisition of three light industrial parks in the [...]
Martin Bassermann is new chairman of the HFS Board of Directors
Martin Bassermann is the new Chairman of the Board of Directors of HFS Helvetic Financial Services AG (HFS), a subsidiary of Corestate Capital Group (Corestate). A certified business administrator [...]
René Parmantier becomes new CEO – Lars Schnidrig remains on board as CFO
The Supervisory Board of Corestate Capital Holding S.A. has appointed René Parmantier as the new Chairman of the Management Board (CEO) with immediate effect and for a term of 3 [...]
New anchor shareholder and changes in the Supervisory Board
Corestate Capital Holding S.A. (“Corestate”) has a new anchor investor, Vestigo Immobilien Investments Limited Partnership (“Vestigo”). Since 27 November 2020, Vestigo owns around 9.9% of the share capital of [...]
Adhoc: New anchor shareholder and changes in the Supervisory Board
Corestate Capital Holding S.A. ("CORESTATE") has a new anchor shareholder with the investment of Vestigo Immobilien Investments Limited Partnership. Vestigo Immobilien Investments Limited Partnership is new anchor [...]
Adhoc: Former major shareholders sold shares in the Company
The Management Board of Corestate Capital Holding S.A. (Corestate) today has obtained knowledge that the shareholders Mr Norbert Ketterer, Mrs Sandra Ketterer and Mr Yannick Heller who held significant [...]
CORESTATE subsidiary Hannover Leasing successfully places CityPalais in Duisburg
Hannover Leasing, has successfully placed, despite the challenging market environment, the Duisburg CityPalais. The mixed-use property, so far in a closed-end public fund managed by Hannover Leasing, was completed in [...]
CORESTATE sets new standard for student housing in Pamplona, Spain
CORESTATE has launched its next student housing property located in the Spanish university city of Pamplona with an investment volume of around EUR 30 million. After its completion in 2023, [...]
CORESTATE shows significant recovery in third quarter of 2020 – financial outlook for the full year confirmed
CORESTATE announced today its results for the third quarter of 2020. According to this, the core business, real estate assets under management, has grown organically by 4.1% to € 25.2bn [...]
Klaus Schmitt to become new Chairman of the Management Board (CEO) at CORESTATE – Management Board to be expanded
CORESTATE today announced that Klaus Schmitt, most recently a member of the Management Board of Patrizia AG, will be taking over as Chairman of the Management Board (CEO) for [...]
CORESTATE extends Management Board and appoints Klaus Schmitt as new Chairman of the Management Board (CEO) – Lars Schnidrig leaves Management Board with effect as of 31 December 2020
Luxembourg, 6 October 2020 – The Supervisory Board of Corestate Capital Holding S.A. today appointed Mr Klaus Schmitt with effect as of 1 January 2021 for a term of [...]
CORESTATE’s next step in enlarging the European micro living product: Opening in Gdansk
CORESTATE has partially opened its first micro living asset in Poland. As an initial step, 217 beds in Gdansk are now available and the first students have already moved in. [...]
CORESTATE acquires Trophy city quarter in Nuremberg from Gerchgroup for Bayerische Versorgungskammer
CORESTATE has acquired the main part of the Trophy city quarter development “The Q” in Nuremberg for an institutional investment mandate from Bayerische Versorgungskammer (BVK). The property will be developed [...]
CORESTATE expands its institutional housing funds: New building project „Quartier Kreuzstraße“ purchased in Leipzig-Mitte
CORESTATE has acquired a new residential property in Leipzig-Mitte for its open-ended special AIF “CORESTATE Residential Germany III” (CRG III, minimum target volume EUR 300 million, average yield distribution of [...]
CORESTATE subsidiary Hannover Leasing acquires the landmark New Babylon commercial complex in The Hague for PFA Pension
CORESTATE has for the first time acquired a property for the large Danish pension and insurance company PFA Pension via its subsidiary Hannover Leasing and will also be responsible for [...]
CORESTATE and Bain Capital Credit agree to a strategic partnership for Micro Living Assets in Poland
CORESTATE has agreed a new partnership with Bain Capital Credit. Bain Capital Credit is a leading global credit specialist with approximately USD 41 bn in assets under management. The agreement [...]
CORESTATE successfully structures transaction with US investor on office property in Munich
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 [...]
CORESTATE subsidiary advises HSBC on the purchase of the award-winning passive office building “Seven” in Brussels – Expertise in Benelux once again demonstrated
CORESTATE has again demonstrated its consulting expertise in the Benelux countries. The CORESTATE subsidiary Hannover Leasing advised the major British bank HSBC on the purchase of the passive office building [...]
CORESTATE further expands its micro living activities in Spain with its new building for its business apartment brand – JOYN
CORESTATE has acquired its first Spanish property for its JOYN brand business apartments in Madrid. A total of 10 JOYN properties will be operational at top locations in Europe [...]
CORESTATE places a large mixed portfolio of 27 properties across Germany on behalf of a client
CORESTATE has placed a large nationwide mixed real estate portfolio on behalf of a client. The successful sale was made possible by CORESTATE’s high-performance, full-service real estate platform, which spans [...]
CORESTATE initiates the internal women’s network CORESTATE WOMEN and sponsors the independent career network of the investment fund industry “Fondsfrauen”
CORESTATE is implementing important measures to promote women as part of its Group-wide ESG strategy. Internally, the company has initiated the CORESTATE WOMEN network, which is exclusively aimed at women. [...]
CORESTATE subsidiary Hannover Leasing receives top score in rating from Scope – new office in Amsterdam
Hannover Leasing has received its first assessment from the international rating agency Scope. With “A+”, the experts gave it a rating of “very good” and thus the highest of five [...]
CORESTATE Capital Group bundles residential and commercial expertise and places innovative product “Stadtquartier” Clouth 104 with an institutional investor
CORESTATE is expanding its product offering to include city districts, also known as mixed-use real estate. In Cologne, Hannover Leasing, a subsidiary of CORESTATE, has acquired the prestige project [...]
CORESTATE reports nine month figures with successful business performance – Guidance and attractive distribution policy once again confirmed
CORESTATE today announced solid figures for the first nine months of 2019. Real Estate Assets under Management (AuM) grew organically by around 7.2% and reached the record mark of [...]
Ad Hoc Announcement: CORESTATE Capital Holding S.A.: CORESTATE terminates employment of Michael Bütter
CORESTATE Capital Holding S.A. terminates the employment of Michael Bütter and revokes the employment contract by the end of the year. Until further notice, CEO's responsibilities will be assumed by [...]
CORESTATE enters into exclusive partnership with MEDICI LIVING, Europe’s leading co-living provider
The cooperation plans to build a co-living portfolio worth Euro 1 billion across Europe within five years with investor capital. As part of the cooperation, CORESTATE will identify, acquire and [...]
CORESTATE’s Hannover Leasing launches closed-end property AIF investing in office/Hotel/asset
Hannover Leasing has launched a new closed-end property AIF for private investors. The fund invests in the property named Quartier West, an office and Hotel complex with 14,963 sqm of [...]
CORESTATE continues consistent growth and raises guidance for 2018 – Net debt significantly reduced
CORESTATE continued its profitable growth in the first nine months of the year. Including the recent acquisition of CRM Students, its assets under management now amount to more than Euro [...]
CORESTATE launches new opportunity fund with a target volume of Euro 800m
CORESTATE has launched a new open special AIF for residential and commercial real estate. The "CORESTATE Opportunity Deutschland I" fund is primarily aimed at institutional investors. The investment focus is [...]
CORESTATE closes ‘High Street VII’ Club Deal at an investment volume of Euro 212m
CORESTATE has closed its "High Street VII" Club Deal at an investment volume of Euro 212m. "High Street VII" encompasses a portfolio of 24 retail assets with 100,000 sq.m. of [...]
Continuing its positive business performance: CORESTATE’S Hannover Leasing buys ‘Alter Domus’ office building in Luxembourg for institutional joint venture
Hannover Leasing, part of the CORESTATE Capital Group, has bought "Alter Domus", a newly developed office property in Luxembourg in a club deal on behalf of Finnish mutual pension insurance [...]
Douglas Edwards to join CORESTATE as Head of Group Equity Raising
CORESTATE has appointed Douglas Edwards as Managing Director and Head of Group Equity Raising. Starting January 2019, Mr Edwards will take the lead in furthering the Group's sales and distribution [...]
CORESTATE acquires UK’s largest independent student accommodation provider and continues on growth course
CORESTATE acquires CRM Students Ltd. (CRM), the largest independent student accommodation management company in the UK, for approximately Euro 17 million. Thus, CORESTATE's assets under management increase from Euro 22 [...]
CORESTATE Tochter Hannover Leasing und Exporo: neue digitale Plattform für Immobilieninvestments
Ab sofort können sich Anleger direkt online an Immobilieninvestments der HANNOVER LEASING, einem Unternehmen der CORESTATE Capital Group, beteiligen. Grundlage bildet eine Kooperation zwischen Accontis, der Vertriebsgesellschaft der HANNOVER [...]
CORESTATE expands management team
CORESTATE continues its growth course and has expanded its management capabilities. Dirk Lembke has joined the management board of UPARTMENTS Real Estate GmbH, CORESTATE's micro living unit, in August 2018. [...]
CORESTATE sells three trophy assets and significantly reduces debt
CORESTATE has sold three trophy assets from its own warehousing portfolio as scheduled. They include the Stadttor in Düsseldorf, the Palais Kronberg near Frankfurt and a trophy asset in The [...]
CORESTATE appoints Stefan Scherrer as Chief Operating Officer
Since the beginning of December, Stefan Scherrer has been responsible for running and expanding the CORESTATE Shared Services platform. One of his main tasks is the integration of CORESTATE's different [...]
Hannover Leasing acquires ‘The Cloud’ in Amsterdam on behalf of institutional investors
Hannover Leasing, part of the CORESTATE Capital Group, has acquired 'The Cloud', an office complex in Amsterdam, The Netherlands, on behalf of an open-end real estate retail fund (managed by [...]
Member of the Supervisory Board of CORESTATE Capital Holding S.A. acquires shares
On December11, 2017 Ulrich Plett, member of the supervisory board of CORESTATE Capital Holding S.A., a fully integrated investment manager and co-investor based in Luxembourg, acquired 4,000 shares of [...]
CORESTATE successfully divests Euro 432m club deal development project in Vienna
CORESTATE has successfully divested a club deal investment in a Euro 432m development project in Vienna. The club deal encompasses Vienna's most prominent development projects, TRIIIPLE and Danube Flats, with [...]
CORESTATE to launch Euro 150 million convertible bond offering with Euro 50 million upsize option
The Management Board of CORESTATE resolved today, with the consent of the Supervisory Board to launch an offering , of senior, unsecured convertible bonds, due 2022 in an initial aggregate [...]
CORESTATE achieves a positive turnaround of Hannover Leasing and raises forecast
CORESTATE continues on its course of dynamic and profitable growth. After nine months, its aggregate revenues amounted to Euro 83.4 million, more than 111% higher than for the prior-year period [...]
CORESTATE has been assigned a corporate credit rating by Standard & Poor’s
The rating agency Standard & Poor's has assigned its "BB+" long-term corporate credit rating with stable outlook to CORESTATE. The rating underscores CORESTATE's strong business model with a high share [...]
CORESTATE: Uplisting to Prime Standard
CORESTATE has announced that it has applied for admission of its shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. First day of trading is [...]
Lunch Event in Zurich and Geneva H2 2017
On November 1-2 CORESTATE organized once again their investor lunch events in Zurich and Geneva. Many existing and new clients were invited to come and gain a deeper insight [...]
Ad Hoc Announcement: Approval of securities prospectus / Trading of the shares of CORESTATE in the Prime Standard segment expected to commence on 2 November 2017
The Luxembourg Financial Supervisory Authority (CSSF) has approved the securities prospectus of CORESTATE Capital Holding S.A. relating to the uplisting to the regulated market (Prime Standard) of the Frankfurt Stock [...]
CORESTATE Acquires Former Headquarter of Perfume Brand 4711 in Cologne, Germany
CORESTATE has acquired one of Colognes landmarks, former headquarter of perfume brand 4711, to realize an apartment Hotel project with a projected market value after realisation of approximately Euro 60m. [...]
CORESTATE announces closing of the acquisition of ATOS Capital
CORESTATE closed the acquisition of ATOS Capital, as announced on 29 September 2017. In addition to the payment of the cash component of the purchase price, CORESTATE's share capital was [...]
Ad Hoc Announcement: CORESTATE amends forecast for financial year 2016
CORESTATE Capital Holding S.A. is a fully integrated real estate investment manager and co-investor seated in Luxembourg that also has offices inter alia in Frankfurt, Zurich, Madrid and Singapore. Since [...]
CORESTATE kauft Hannover Leasing Gruppe von Helaba und HTSB
CORESTATE Capital Holding S.A. purchases 94.9% of Hannover Leasing Group Following completion of the transaction, CORESTATE's assets under management will grow to around Euro 16bn CORESTATE Capital Holding [...]
Sistema Capital Partners (SCP) and CORESTATE Joint-Venture
Sistema Capital Partners/CORESTATE JV Secures Euro105 Million Retail Deals in Flensburg and Lübeck to take German High Street Acquisitions to Euro350 Million for Sistema-Led Club The international private equity [...]
CORESTATE launches facility management company
CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor based in Luxembourg, announces the launch of CLG Facility Management GmbH (CLG), a joint venture between [...]
CORESTATE announces forecast for 2016 financial year and proclaims dividend of 70% of annual profit
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager based in Luxembourg, announces its forecast for the 2016 financial year. Based on the business development over the [...]
CORESTATE donates USD 10,000 to Best Buddies International
Best Buddies International is a nonprofit organization dedicated to establishing a global volunteer movement that creates opportunities for one-to-one friendships, integrated employment and leadership development for people with intellectual [...]
CORESTATE Develops Student Housing Project in Madrid, Spain
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager and co-investor, has acquired a re-development asset in Madrid, Spain to realize a student home project. The current [...]
CORESTATE Sells Austria’s Largest Student Housing Asset in Vienna
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager and co-investor, sells Austria's largest student housing asset to a fund vehicle launched on the fund platform of [...]
CORESTATE Sells German Student Housing Portfolio in Bayreuth, Frankfurt am Main, Mainz and Potsdam
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager and co-investor, sells its German student housing portfolio to a fund vehicle launched on the fund platform of [...]
CORESTATE and Bayerische Versorgungskammer Launch Micro Apartment Fund with targeted volume of Euro500m
CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager and co-investor based in Luxembourg, and Bayerische Versorgungskammer (BVK), one of the largest institutional pension funds in Germany [...]
Lunch events in Zurich and Geneva
On October 12-13 CORESTATE Capital organized its semi-annual lunch events at the Widder Hotel in Zurich and the Mandarin Oriental in Geneva. Many existing and new clients were invited to [...]
Approval of securities prospectus and capital increase by means of a private placement
On 29 September 2016 the Luxembourg Financial Supervisory Authority (CSSF) has approved the securities prospectus of CORESTATE Capital Holding S.A. ("CORESTATE" or "the Company") and has notified the approval of [...]
IPO of CORESTATE Capital Holding S.A. cancelled
LUXEMBOURG, 3 November 2015 - CORESTATE Capital Holding S.A. ("CORESTATE" or the "Company") has decided today together with the principal shareholders to cancel the Initial Public Offering ("IPO"), which [...]
CORESTATE Capital Holding S.A. cancels planned IPO
The initial public offering ("IPO") of CORESTATE Capital Holding S.A., Luxembourg ("CORESTATE" or the "Company"), which was planned for this year, will not take place. The currently difficult market [...]
Supervisory Board of CORESTATE Capital Holding S.A. constituted
The Supervisory Board of CORESTATE Capital Holding S.A. ("CORESTATE"), a fully integrated real estate investment manager, has been constituted. The Supervisory Board is chaired by Micha Blattmann and consists of [...]
Immobilien Investment-Manager CORESTATE bereitet Börsengang vor
Notierung an der Frankfurter Wertpapierbörse geplant Angebot umfasst Kapitalerhöhung sowie Aktien aus dem Bestand der Altaktionäre Ein vollintegrierter Immobilien Investment-Manager mit einem bisher realisierten Transaktionsvolumen von über [...]
PropertyEU Germany Investment Briefing – Thomas Landschreiber about niches in the German real estate market
Thomas Landschreiber (CIO, CORESTATE) explains the advantage of investing in niches as they generate higher returns than those offered by the more traditional segments where competition is much greater. [...]