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Corestate reports figures for the first quarter of 2022 – business affected by increased macroeconomic uncertainties
The Corestate Capital Group (Corestate) published its results for the 1st quarter of 2022 today. According to the figures, consolidated aggregated revenues and gains amounted to € 37.6m (previous year: [...]
CORESTATE presents unqualified audit opinion and publishes Annual Report 2021
Corestate Capital Holding S.A. (Corestate) today announces the final and audited results for the financial year 2021. Advanced audit procedures concluded, Ernst & Young certifies financial statements without qualification [...]
CORESTATE publishes preliminary figures and successfully concludes financial year 2021– Core business to be strengthened significantly – Management team realigned with Stavros Efremidis as CEO
Corestate today announces its preliminary unaudited results for the 2021 financial year. In the financial year 2021, Corestate successfully increased its aggregated revenues and gains to a total of € [...]
Corestate optimises sales structures and appoints Nadja Hoppe new Head of Corporate Finance and Sales
Corestate has appointed Nadja Hoppe to the position of Head of Corporate Finance and Sales. She took over the newly designed Group function with CEO reporting line on 1 March [...]
Corestate manages turnaround of “Exupéry10” at Frankfurt Airport through repositioning and successful leasing
Corestate has successfully managed the turnaround of the Exupéry10 office building in the Global Business Village Gateway Gardens despite the challenging environment caused by the COVID-19 pandemic. Leases for [...]
Corestate sharpens real estate profile and disposes of media fund business as planned
Corestate has disposed of its media fund business as planned. In the process, Corestate subsidiary Hannover Leasing has transferred the operational management of its media funds to a newly [...]
CEO René Parmantier takes over the management of the Real Estate Debt business – Johannes Märklin and Sebastian Ernst will leave the Management Board
René Parmantier will now assume responsibility for the Real Estate Debt segment in addition to his role as CEO of Corestate, and thus also the management of Corestate Bank. [...]
Madeleine Fund acquires trend-setting office building in first CO 2 -neutral district of Paris
Corestate subsidiary STAM Europe has acquired the Tribu office building from the real estate developer Linkcity as part of a forward purchase of the first phase of the urban [...]
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 CEO Parmantier intensifies sustainability initiative and names Georg Schattney new Group Head of ESG and Sustainability Officer
CORESTATE has named Georg Schattney (51) its new Group Head of ESG and Sustainability Officer with effect from 1 October. Due to the increasing strategic importance of ESG considerations, Schattney [...]
CORESTATE publishes ESG report: Well above plan on key ESG targets
CORESTATE continues to set itself high standards when it comes to sustainability objectives and maintains a responsible investment strategy to future-proof assets under management through an ESG due diligence process. [...]
CORESTATE acquires top office campus “VISION ONE” in Stuttgart metropolitan region for closed-end special AIF
CORESTATE has acquired the VISION ONE office campus, a forward-looking new construction project in the Stuttgart metropolitan region (Leinfelden-Echterdingen), for a closed-end special AIF. The Corestate subsidiary Hannover Leasing will [...]
HFS launches new senior fund Stratos VI and is now a one-stop provider of senior and subordinated loans for residential and commercial real estate
Helvetic Financial Services AG (HFS), a member of Corestate Capital Group (Corestate) and a leading provider of mezzanine financing on the German-speaking residential and commercial real estate market, has [...]
CORESTATE subsidiary STAM Europe acquires another building in Paris for the OPERA residential property fund
STAM Europe has acquired another residential building on behalf of its Opera residential property fund, which is still in its investment phase with a total investment capacity of around [...]
CORESTATE to take a major step towards implementing its corporate strategy by relocating to Marienturm
After initiating a strategic realignment at the start of the year, Corestate Capital Group (“Corestate”), a leading independent real estate investment manager in Europe, is now continuing to reposition itself [...]
CORESTATE expands its European Micro Living portfolio to include Vienna Trophy property TrIIIple
CORESTATE`S Micro Living brand “Linked Living powered by YOUNIQ” has launched TrIIIple Vienna, a second attractive location in Austria’s capital city. The 125 m high Linked Living TrIIIple with [...]
CORESTATE announces solid figures for H1 – strong second quarter – financial outlook for 2021 confirmed
CORESTATE announced today its results for the first half of 2021. According to the figures published, consolidated aggregated revenues and gains amounted to € 112.6m (H1 2020: € 95.6), with [...]
Corestate acquires new construction project “Augsburg Offices” for closed-end public AIF
Corestate has acquired the new office construction project `Augsburg Offices´ for a closed-end public AIF. The Corestate subsidiary Hannover Leasing will act as the capital management company and will [...]
STAM Europe raises €160 million in additional equity for OPERA residential real estate fund
STAM Europe has acquired three new European institutional investors for its OPERA residential real estate fund. The equity commitments of the new investors combined with the willingness of existing [...]
Udo Giegerich to become new CFO of Corestate – tone from the top for investment
The Supervisory Board of CORESTATE Capital Holding S.A. has appointed Udo Giegerich for a three-year term as the company’s new Chief Financial Officer (CFO) and member of the Management [...]
CEO acquires substantial share package at a significant premium on the market price
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 [...]
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 subsidiary STAM Europe acquires office complex in the Paris region for a core/core+ fund
STAM Europe, a subsidiary of real estate investment manager Corestate Capital Holding S.A., has acquired an office property complex of approximately 13,000 sqm in the city of Pantin, in the [...]
Corestate Capital Holding S.A. resolves on capital increase against cash contributions
Today, the management board of Corestate Capital Holding S.A., with the approval of the supervisory board, resolved on a capital increase against cash contributions through partial utilization of authorised capital. [...]
Corestate successfully increases capital and opens up significant scope for further profitable growth and debt reduction
CORESTATE increased its share capital by 19.5% today and placed the resulting shares in full with long-term investors without discount to the market price. The Company has increased its share [...]
Corestate publishes new financial outlook for the financial year 2020
CORESTATE withdrew its financial outlook for 2020 on 22 April 2020 in light of the impact of the COVID-19 pandemic. The Company has since gained a significantly better overview of [...]
Corestate publishes new 2020 forecast and expects significantly improved earnings in the second half of the year
CORESTATE today published its financial outlook adjusted for the currently predicted effects of the COVID 19 pandemic. For the financial year 2020, the Company expects aggregated revenues and gains of [...]
CORESTATE publishes ESG Report: Goals for the year achieved, measurable commitment to more sustainable property management disclosed
CORESTATE has achieved and in some cases exceeded the targets it set itself for its ESG Strategy for the 2019 reporting period. The fully digital ESG Report published today [...]
CORESTATE converts its entire €17 billion portfolio in Germany to green electricity and thus extends its pioneering role in real estate ESG strategy
CORESTATE will be converting its entire €17 billion portfolio managed in Germany to green electricity over the next few months. The company recently switched completely to green energy in the [...]
Financial figures for the first half of 2020 affected by corona crisis – investment markets recover gradually with focus on the fourth quarter
CORESTATE generated aggregated revenues and gains of € 95.6 million (previous year: € 121 million), EBITDA of € 25.9 million (previous year: € 68.9 million) and adjusted net profit of [...]
CORESTATE subsidiary STAM Europe launches joint venture in logistics and light industrial
STAM Europe and a North American institutional investor launch their second investment program in the logistics and light industrial sectors in France in the form of a joint venture – [...]
CORESTATE subsidiary Hannover Leasing acquires office complex in Neuss for a special AIF
Hannover Leasing has acquired Toshiba’s former European headquarters in the city of Neuss. This represents an attractive core office investment for a closed-end special AIF in which a small number [...]
CORESTATE subsidiary Hannover Leasing to acquire ACPS headquarters for a major German foundation
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, [...]
CORESTATE’s client investments in value-added commercial properties reach EUR 500 million threshold
CORESTATE is expanding its business with value-added commercial properties. Over the past two years, the company has acquired properties with a total investment volume of around EUR 500 million for [...]
CORESTATE subsidiary HANNOVER LEASING places first foundation property and concludes long-term sales cooperation with BWEquity
HANNOVER LEASING has fully placed an attractive office property in Düsseldorf for a public AIF designed for foundations. As part of this successful cooperation, a new and long-term agreement to [...]
CORESTATE to expand market leadership in Micro Living: New property in Barcelona, EUR 230 million total volume in Spain
CORESTATE is developing yet another Micro Living project in Spain and has meanwhile secured six properties in this asset class with a total volume of around EUR 230 million. [...]
CORESTATE underscores operational strength of its business model and confirms financial outlook for 2019
CORESTATE emphasizes its consistently positive operating performance in 2019 and the attractive growth prospects across all business areas and products in light of yesterday's share price development. Attractive [...]
CORESTATE structures attractive financing for its new CRG III residential fund with a EUR 27 million loan from BayernLB based on institutional ESG criteria
CORESTATE has structured an attractive financing package for the “MIKA Quartier” property in Dresden that takes into account the growing ESG requirements of institutional investors. CORESTATE has secured EUR [...]
CORESTATE subsidiary Hannover Leasing advised Amundi Real Estate in acquiring Marnix office complex in Brussels
Hannover Leasing, a CORESTATE Capital Group company, has advised Amundi Real Estate on behalf of its funds for the acquisition of the office and retail property Marnix 13 - [...]
CORESTATE acquires Tempelhof Twins in Berlin with an investment volume of EUR 86 million
CORESTATE has acquired the so-called Tempelhof Twins in Berlin, a first-class value-added office property with a total investment volume of around EUR 86 million. The transaction will be structured as [...]
Strategy, Structures & Growth – Lars Schnidrig, CEO
CORESTATE Capital - Capital Markets Day 2019 About CORESTATE CapitalCORESTATE is an investment manager and co-investor with around € 28 billion in [...]
Special AIF “CORESTATE Opportunity Deutschland I” has EUR 600 million mark within sight
CORESTATE is experiencing strong growth in its open special AIF “CORESTATE Opportunity Deutschland I.” Since its inception 12 months ago, the fund for residential and commercial real estate that is [...]
CORESTATE shows impressive Track Record at its Capital Markets Day
CORESTATE offers insights in current transactions and products at today´s Capital Markets Day and reports on numerous operational achievements in the entire group. Client base enlarged within Europe [...]
CORESTATE’s Micro Living Portfolio grows – 163 new micro apartments to be built in Cologne
CORESTATE has acquired a micro apartment complex in Cologne-Deutz for the special BVK-Residential Europe real estate fund of Bayerische Versorgungskammer (BVK). BVK is one of the largest institutional investors [...]
Having a Sustainability strategy is now a must – European Real Estate Outlook 2019
Panel of the European Outlook H2 – Frankfurt event: Thomas Veith, Partner Real Estate, PricewaterhouseCoopers, Dr. Carsten Loll, Partner Real Estate, Linklaters, Lars Schnidrig, CEO, Corestate Capital Group, Norman [...]
Hannover Leasing buys ‘Central Post’ office building in Rotterdam for institutional property fund
Hannover Leasing, part of the CORESTATE Capital Group, has bought the "Central Post" office building in Rotterdam in a Club Deal on behalf of Finnish mutual pension insurance company Ilmarinen [...]
CORESTATE doubles net profit and revenues in the first half of 2018
CORESTATE achieved significant organic growth in the first six months of the year and increased its Assets under Management in Real Estate core business by about Euro 900 million. Dr. [...]
CORESTATE acquires student residence project in Sevilla, Spain
CORESTATE acquired a 413 unit student housing project in Sevilla in southern Spain for private investors as part of a Club Deal. Construction of the project started in June 2018 [...]
CORESTATE launches European value-add investment program
CORESTATE is launching a new investment program for its Club Deal clients, which will invest in value-add retail, office and residential buildings in mid-sized European cities. The investment horizon is [...]
CORESTATE subsidiary HFS expanding market leadership in German mezzanine business – fund volume over Euro 1.2 billion
Helvetic Financial Services (HFS) AG, a wholly-owned subsidiary of CORESTATE, has exceeded the Euro 1.2bn fund volume mark for the first time. The mezzanine finance provider has thus extended its [...]
CORESTATE acquires 260 serviced apartments in Munich, Germany
CORESTATE has bought a former office complex in Munich, Germany. Built at the beginning of the 1980s, the asset was recently refurbished to house 260 serviced apartments. The building offers [...]
CORESTATE to invest Euro 2.4bn in micro-living assets
CORESTATE plans to invest a total of Euro 2.4bn in its micro-living segment until the end of 2019. CORESTATE already acquired 26 plots for development and properties with more than [...]
IPE Real Estate Award for Indirect Strategy
CORESTATE Capital Group once again sponsored the Award for Indirect Strategy, which was yet again won by Allianz Real Estate. One of the Judges explained: “Excellent investor in markets [...]
CORESTATE wins Real Estate Brand Award
The strongest brands were awarded in Berlin with the REAL ESTATE BRAND AWARDS for their marketing work. In 2018 for the first time winners were also awarded in eight [...]
CORESTATE Capital Holding S.A.: CORESTATE reports a strong first quarter – Full-year outlook confirmed
CORESTATE posted a strong first quarter of 2018 following its dynamic performance in 2017. For the first three months, aggregate revenues totalled Euro 61.9m, adjusted EBITDA was Euro 38.8m and [...]
Succesful Annual Annual General Meeting, distribution of Euro 2.00 per share approved
The shareholders of CORESTATE Capital Holding S.A. have approved all agenda items with strong majorities at today’s Annual Annual General Meeting (AGM). Amongst the resolutions of the AGM was [...]
CORESTATE invests in a serviced apartment building in Düsseldorf, Germany
Upon completion of the current conversion works on site, the asset will comprise 70 modern and self-contained serviced apartment units. CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment [...]
