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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 subsidiary STAM Europe acquires two residential buildings for its OPERA Fund
STAM Europe has acquired two residential buildings from Friedland Investissement in the 3rd and 17th arrondissements of Paris. The portfolio has a total area of 1,800 m² and consists of [...]
Annual general meeting selects Supervisory Board with a vast majority and adopts all agenda items
The Corestate Capital Holding S.A. annual general meeting has today resolved to adopt all of the agenda items with a very clear majority. Among other matters, the offices of the [...]
Corestate to manage complex project financing of the purchase and development of the “FÜRST” project in Berlin
Corestate subsidiary AFS (Aggregate Financial Services GmbH), which shall be operating on the market as “Corestate Bank” in the future, has financed the acquisition and development of Berlin’s FÜRST Project [...]
CFO Lars Schnidrig to leave Corestate Capital Holding S.A. at his own request
Frankfurt/Main, 30 May 2021. The Supervisory Board of Corestate Capital Holding S.A. (Corestate) has reached an agreement with Management Board member and Chief Financial Officer (CFO) Lars Schnidrig on [...]
Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum
Corestate has successfully sold Limes Park in Sulzbach (Taunus) near Frankfurt am Main. It has been bought by Quantum Immobilien AG, which has now acquired another light industrial property for [...]
Corestate establishes leading financing platform for real estate companies – takeover of Aggregate Financial Services completed
Corestate completed the takeover of Aggregate Financial Services GmbH (“AFS”). The newly acquired securities trading bank is to operate on the market as “Corestate Bank” in the future, with [...]
Corestate shows moderate business development during the first quarter of 2021 – A growth spurt is expected over the rest of the year
Corestate has today published its results for the first quarter of 2021. According to the report the aggregated revenues amounted to EUR 37 million, the EBITDA adjusted for M&A-related transaction [...]
Corestate subsidiary Hannover Leasing sells top Luxembourg property: Alter Domus head office sold to Generali
Corestate subsidiary Hannover Leasing has sold the head office of “Alter Domus” in Luxembourg to a fund managed by the Generali Real Estate Group. The previous owner was a joint [...]
Corestate and bulwiengesa publish reference work for city quarters in Germany
Corestate and the analyst firm bulwiengesa have investigated the German market for city quarters and have published a new reference work entitled “City Quarters – An Asset Class of the [...]
Corestate to build new fully integrated property management platform for residential and commercial real estate in Germany under the established Capera brand
CORESTATE is merging and supplementing its service portfolio in property management and establishing a new fully integrated platform for active property management under the umbrella of its CAPERA Immobilien Service [...]
CORESTATE develops system for handling complex climate risks in real estate investments
CORESTATE together with the Green-Fintech Sustainaccount and the PropTech CAALA, has developed a unique forecast system that calculates the impact of transitory risks such as CO2 pricing and physical climate [...]
Corestate subsidiary Hannover Leasing to ensure seamless tenant transition on 15,000 sqm in Amsterdam office complex ‘Piet Hein Buildings’
Hannover Leasing, a subsidiary of the real estate investment management company Corestate, has seamlessly let a large space of close to 15,000 sqm in the top office complex ‘Piet [...]
CORESTATE PropBlog: Student housing is benefitting from long-term and structural drivers
In its current research “Corestate PropBlog”, Corestate analyses the impacts of COVID-19 on “student housing”. Key findings are: High demand versus supply bottlenecks for student housing prior to the [...]
CORESTATE´s Annual General Meeting appoints a new Supervisory Board – Georg Allendorf elected Chairman of the Supervisory Board
Frankfurt, 5 June 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, today elected a new Supervisory Board at its online Annual General Meeting. Dr. [...]
“We return to our offices” – Statement by CORESTATE CEO – Lars Schnidrig
Great commitment and team spirit of all our employees Thanks to our clients and partners for their flexibility Nice to finally feel a little more of everyday life in the [...]
CORESTATE to offer its own Debt Advisory Service for commercial real estate financing
CORESTATE is now offering investors consulting service for commercial real estate financing. CORESTATE’s clients are increasingly asking for this service due to the growing complexity of lending, as a [...]
Corestate positions itself to weather the crisis and reports first quarter of 2020
CORESTATE generated aggregated revenues of € 51.7 million (previous year: € 58.6 million), EBITDA of € 20.9 million (previous year: € 38.7 million) and adjusted net income of € 14.3 [...]
Adhoc News: Corestate withdraws financial outlook for 2020 and proposes to the Annual General Meeting that the dividend for financial year 2019 be waived
CORESTATE has withdrawn its outlook for financial year 2020 due to the COVID-19 pandemic. In view of the significant shift in investment decisions, transactions and valuation approaches in core markets [...]
Corestate withdraws financial outlook for 2020 and proposes to the Annual General Meeting that the dividend for financial year 2019 be waived
CORESTATE has withdrawn its outlook for financial year 2020 due to the COVID-19 pandemic. Considering the significant shift in investment decisions, transactions and valuation approaches in core markets and products [...]
CORESTATE: With “Residential Germany Fund II” yet another residential property fund for institutional investors fully invested
CORESTATE has yet another fully invested residential property fund, the open-ended Special-AIF CORESTATE Residential Germany Fund II (CRG II). The institutional fund comprises nine new construction projects in metropolitan [...]
CORESTATE presents final figures for 2019 and confirms financial outlook for 2020
CORESTATE presented its 2019 Annual Report today, confirming the preliminary results that had already been published. Fund assets under management (AuM), including the STAM Europe acquisition, amount to around [...]
CORESTATE postpones Annual General Meeting
CORESTATE has announced today that in light of the pandemic spread of the Corona-Virus (SARS-CoV-2) and the associated extensive restrictions on travels and gatherings, it has to postpone its Annual [...]
CORESTATE founds charitable foundation to promote social projects in the Frankfurt/Main region
CORESTATE continues to implement its ESG strategy and has set up its first charitable foundation. The purpose of the CORESTATE Foundation is to promote local environmental and social programs in [...]
CORESTATE reports solid first half year and confirms 2019 guidance
CORESTATE today announced solid figures for the first half year of 2019. Real estate Assets under Management (AuM) rose organically by around 4.4 percent, reaching €21.6 billion for the [...]
Five questions to Lars Schnidrig
CEO Lars Schnidrig talking about what makes CORESTATE unique, drivers for the business – such as ESG - and goals for the future. [...]
CORESTATE expands market position in the Micro Living segment in Spain
CORESTATE has acquired a plot of land in Salamanca to build a student apartment building on. The company is thus consistently implementing its growth agenda for Micro Living in the [...]
CORESTATE to acquire French investment management firm STAM Europe
CORESTATE announced the acquisition of the French real estate investment management firm STAM Europe from Paris. The CORESTATE Group is thus taking another important step towards becoming the leading [...]
CORESTATE further expands European Micro Living portfolio
CORESTATE has – by acquiring a property in Bremen – taken a further step towards building Europe’s leading Micro Living platform. The future property will be part of CORESTATE’s “JOYN” [...]
CORESTATE publishes first ESG Report and sets concrete sustainability goals
CORESTATE today published its first comprehensive Sustainability Report covering the core areas of Environment, Social Affairs and Corporate Governance (ESG). With this report, the company underscores its commitment to responsible [...]
CORESTATE to expand financing for Highstreet portfolio of BVK to Euro 387 million
CORESTATE has implemented a financing increase at very attractive long-term conditions for the Highstreet Fund of Bayerische Versorgungskammer (BVK). The fund is running on the platform of Universal-Investment. The financing, [...]
CORESTATE further boosts leading position in micro living with the purchase of an apartment building in Berlin for BVK
CORESTATE and Universal-Investment have completed the acquisition of a micro living apartment building in Berlin for the “BVK Residential Europe Immobilienfonds CORESTATE” real estate fund. This institutional fund (“Spezialfonds”) – [...]
CORESTATE reports promising first quarter 2019 – full-year outlook confirmed
CORESTATE today announced its figures for the first quarter, showing a very convincing start to 2019. Assets under management reached Euro 26 billion for the first time; real estate assets [...]
Annual Annual General Meeting approved distribution of 2.50 Euro per share
The shareholders of CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, approved all agenda items with large majorities at today´s Annual Annual General Meeting (AGM). One [...]
CORESTATE announces product offensive at Annual Annual General Meeting, operating business shows fundamental strength
CORESTATE will significantly expand its product range, particularly in the Micro Living and Private Debt segments, thus taking advantage of the tailwind of an attractive domestic and European market environment. [...]
CORESTATE: Closing of the Highstreet VIII fund with an investment volume of Euro 250 million
CORESTATE has fully raised all equity for the club deal fund “Highstreet VIII,” invested in the last three properties and successfully closed the fund. The portfolio with a target volume [...]
‘Europe is a popular place now’: Audrey Klein, CORESTATE Capital Group
Audrey Klein, Managing Director, International Institutional Clients, CORESTATE Capital Group, tells PropertyEU that Asian capital is now focused on the Continent and on Germany in particular. [...]
PropertyEU Germany Investment Briefing / London
Audrey Klein, Managing Director International Institutional Clients, spricht über das Interesse ausländischer institutioneller Investoren am deutschen Immobilienmarkt. Investoren in Asien und dem Mittleren Osten zeigen nun erstmals seit zehn Jahren [...]
CORESTATE finances BVK high-street portfolio with Euro 343m loan from LBBW
CORESTATE has received a loan facility with a volume of Euro 343m from Stuttgart-based landesbank LBBW (Landesbank Baden-Württemberg). The facility will be used to finance the seed portfolio of the [...]
CORESTATE and Universal-Investment acquire 271 student apartments in Munich
CORESTATE has bought the student residence "Reserl" in Munich in an asset deal from developer STRABAG Real Estate GmbH. The property will become part of the real estate umbrella fund [...]
CORESTATE issues Euro 300m corporate bond – optimization of capital structure
CORESTATE has issued a corporate bond with a volume of Euro 300m. Fully placed with institutional investors, the bond has a maturity of five years and an annual coupon of [...]
Publication of 2017 Annual Report and dividend proposal
CORESTATE is presenting its Annual Report today for 2017, a year in which the company experienced dynamic growth. All financial targets in 2017 were clearly surpassed, with aggregate revenues of [...]
CORESTATE acquires 257 new apartments in Berlin and Dresden
CORESTATE has bought 257 new apartments in Berlin and Dresden for its Special AIF CORESTATE Residential Germany Fund II. The total transaction volume is in the two-digit million euro [...]
CORESTATE publishes preliminary financial result for 2017
CORESTATE has successfully concluded its first financial year after significant acquisitions: All operative and financial targets for 2017 were reached or exceeded. Aggregated revenues - including income from real estate [...]
CORESTATE high street portfolio breaks Euro 2bn AUM threshold
CORESTATE has expanded its high street portfolio to 200 retail assets with a total investment volume of over Euro 2bn. In 2017 alone, 35 retail properties were bought in individual [...]
CORESTATE attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board
As of 1 May 2018 Dr Michael Bütter will become successor to the incumbent Chief Executive Officer Sascha M. Wilhelm, who will leave the Company as of 30 April 2018 [...]
CORESTATE Investor Day 2018
CORESTATE lud erstmals zu einem Investor Day mit Workshops nach Zürich ein. Das Programm bot spannende Rednern zu den aktuellen Themen im Bereich Immobilieninvestments. Der Einladung folgten über 40 Family [...]
CORESTATE and Universal-Investment acquire micro-living asset ‘WOODIE’ in Hamburg, Germany
CORESTATE acquired the micro-living asset "WOODIE", which includes 371 student housing units, in Hamburg, Germany. This asset was purchased for the real estate umbrella fund, which was launched on the [...]
