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Corestate with sharpened investor focus – new CEO René Parmantier shapes company into manager of the entire real estate value chain
CORESTATE is taking a change of perspective following a structured strategy process across the entire group: In the future, the company will see itself as a manager of this value [...]
Preliminary figures FY 2020 – burdens from valuation effects and one-off expenses – basis for sustained growth starting in 2021
CORESTATE announced today its preliminary results for the past financial year. Based on the unaudited figures, aggregated revenues and gains amounted to € 191m in 2020 and were therefore within [...]
Ad-hoc – Corestate with preliminary figures for 2020: revenues within outlook, EBITDA and adjusted net profit miss company´s expectations – outlook for 2021 foresees significant growth
CORESTATE based on its unaudited and preliminary figures, generated aggregated revenues and gains of € 191m in 2020 and thus met its own financial outlook of € 185m to € [...]
Corestate subsidiary Hannover Leasing acquires state-of-the-art project development ‘Weitblick 1.7’ in Augsburg Innovation Park for a special AIF
Corestate subsidiary Hannover Leasing has acquired the state-of- the-art project development ‘Weitblick 1.7’ in Augsburg’s Innovation Park for a closed-end domestic special AIF aimed predominantly at institutional investors such as [...]
Corestate sets up open-end special AIF `Stadtquartiere I´, the first of its kind in Germany for institutional investors
CORESTATE has set up Stadtquartiere I, a new open-end special AIF. This fund is the first of its kind in Germany for institutional investors and thus a pioneer in the [...]
Corestate increases power of its sales structures – Philipp Ellebracht named new Group Head of Sales
CORESTATE has enhanced, comprehensively optimised and strengthened its national and international sales structures. The company has thus substantially improved its positioning in order to achieve accelerated and sustainable growth. [...]
Matthias Sandfort named Group Head of Debt Finance
Frankfurt, 2 February 2021. Corestate Capital Group (Corestate), a leading independent real estate investment management company in Europe, has appointed Matthias Sandfort to head its Debt Finance division. In [...]
CORESTATE PropBlog: office property market cycles since 2000 – a blueprint for the current situation?
Frankfurt, 29 January 2021. In its latest “Corestate PropBlog” post, Corestate analyses the office property market cycles since the start of the 21st century. The key takeaways for the current [...]
CORESTATE successfully places Sigma Technopark in Augsburg from its open special AIF ‘Opportunity Deutschland I’
CORESTATE has successfully sold Sigma Technopark in Augsburg from its open special AIF ‘Corestate Opportunity Deutschland I’ to the joint venture Titanium, set up by AXA IM Alts and Sirius [...]
Hannover Leasing acquires the new “Johannis-Quartier” office building in Chemnitz for special AIF
Hannover Leasing acquired the office space of the “Johannis-Quartier” city quarter development in Chemnitz for a closed special AIF geared towards institutional investors such as German savings banks and [...]
Corestate subsidiary STAM Europe announces additional EUR 60 million equity for the Opera Fund
STAM Europe is delighted to welcome a new European institutional investor into the OPERA Fund which will enable STAM to grow the portfolio by over EUR 100m in 2021. [...]
Corestate acquires complementary debt financing platform to offer debt service across all real estate asset classes
CORESTATE today announced the full acquisition of Frankfurt-based Aggregate Financial Services GmbH (“AFS”), a leading debt financing platform and fully licensed securities trading bank. Acquisition of Aggregate Financial Services [...]
2019 preliminary results: CORESTATE with record sales and strong operating performance
CORESTATE announced today its preliminary figures for fiscal year 2019, according to which real estate assets under management grew organically by approximately 10.1 percent and reached the record level [...]
Dr. Georg Allendorf to be named new Chairman of the Supervisory Board of CORESTATE
Former DWS Managing Director Dr. Georg Allendorf will be proposed for election to the Supervisory Board at the upcoming Annual General Meeting (AGM) of the SDAX-listed company CORESTATE Capital Holding [...]
CORESTATE continues to consistently implement its ESG strategy and creates over 12,000 m² of sustainable new housing in Hanau
CORESTATE continues to follow its green line and is reacting to the housing shortage in the Rhine-Main region. The company will create urgently needed modern living space in Hanau with [...]
CORESTATE continues to grow in Europe: First Micro Living properties acquired in Poland for Bain Capital Credit
CORESTATE has acquired its first Micro Living properties in Gdansk and Krakow for Bain Capital Credit, a leading global credit specialist with approximately $41 billion in assets under management. In [...]
CORESTATE´s second student apartment residence in Spain.
CORESTATE´s second student apartment residence in Spain. CEO Schnidrig joins the opening ceremony in Seville together with the Mayor, the General Secretary for Universities of Andalucia and the president of [...]
CORESTATE closes acquisition of STAM Europe: market entry into France
CORESTATE closes today the acquisition of STAM Europe, Paris, after the French regulatory authority AMF gave its approval. CORESTATE's assets under management (AuM) thus grow by c. EUR 2 bn [...]
CORESTATE expands to Scandinavia: first acquisition of a Serviced Apartment complex in Copenhagen
CORESTATE announces the next step in its Pan-European expansion strategy. The company acquired a Serviced Apartment complex in Copenhagen/Denmark, the first investment in Scandinavia. The asset will be operated by [...]
CORESTATE subsidiary Hannover Leasing implements digitalisation strategy and, together with Exporo, issues the first shared real estate bond for private investors
Private Investors can now invest in an office building in Pullach, near Munich, via the two platforms Accontis (accontis.de) and Exporo (exporo.de). The structuring and issuance of the bond are [...]
CORESTATE acquires further value-add commercial property in Munich
CORESTATE has acquired a further value-add commercial property in Munich with an investment volume of around Euro 54 million. The value creation potential of the property will be leveraged as [...]
CORESTATE funds value-add property in Munich with Euro 39m IKB loan
CORESTATE has found an attractive debt financing partner in IKB Deutsche Industriebank AG (IKB). The partners agreed on a project financing loan of Euro 39m with a three-year maturity for [...]
CORESTATE: Lars Schnidrig new CEO / Supervisory Board to be expanded / Record result for FY2018
The Supervisory Board of CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, today appointed Lars Schnidrig its new Chief Executive Officer (CEO) and Chairman of the [...]
Ad Hoc Announcement: CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber – management structure sustainably aligned
The Supervisory Board of CORESTATE Capital Holding S.A. ("CORESTATE") today appointed Lars Schnidrig Chairman of the Management Board and Chief Executive Officer (CEO) of the Company for a four-year term [...]
CORESTATE launches Euro 300 million residential property fund for institutional investors
CORESTATE is launching its new open-ended Special-AIF “CORESTATE Residential Germany III fund” (CRG III). Following the full placement of CRG II in January 2019, CORESTATE now continues the successful series. [...]
CORESTATE expands real estate portfolio for Bayerische Versorgungskammer to Euro 800 million
CORESTATE arranged the purchase last year of seven additional properties, with a total value of some Euro 100 million, for a high-street property fund of Bayerische Versorgungskammer (BVK). With these [...]
Preliminary figures for 2018: CORESTATE exceeds raised forecast
CORESTATE according to its preliminary figures for fiscal year 2018, partly significantly exceeded the forecast it raised in November. Accordingly, aggregated revenues increased from Euro 195 million to Euro 292 [...]
CORESTATE acquires office property for club deal clients in Munich
CORESTATE has acquired an office complex in Munich. The property, representing a total investment amount of approx. Euro 66 million, is to be repositioned using a “Manage-to-Core” strategy. CORESTATE will [...]
CORESTATE erwirbt Kieler Wohnprojekt in Hafen-Bestlage für voll platzierten Spezial-AIF
CORESTATE Capital Holding S.A. (CORESTATE) hat für seinen offenen Spezial-AIF „CORESTATE Residential Germany Fund II“ das Wohnprojekt „Bootshafen“ in Kieler Hafen-Bestlage erworben. Das Investitionsvolumen des Forward Deals beträgt rund 48 [...]
CORESTATE launches “JOYN”, a new product line for serviced-living apartments
CORESTATE is expanding its micro-living platform with the launch of JOYN, a new product line for serviced apartments. Offering a high quality and innovative design and a comprehensive service concept, [...]
Wir suchen Manager und keine Mitläufer
Rating, Wandelanleihe, zahlreiche Investorengespräche und M&A-Deals: Im FINANCE-Interview berichtet Lars Schnidrig über seine intensiven ersten Monate als Finanzvorstand des Immobilien-Investment-Managers CORESTATE Capital. Quelle: Finance Magazine, Autor: Markus Dentz, Erstveröffentlichung: 26.01.2018, [...]
CORESTATE appoints Dr. Kai G. Klinger as new head of Investor Relations
CORESTATE appoints Dr. Kai G. Klinger as new head of Investor Relations & Capital Markets. He will report to Chief Financial Officer Lars Schnidrig. CORESTATE Capital Holding S.A. (CORESTATE), [...]
Hannover Leasing expands management with the appointment of Sebastian Hartrott
Hannover Leasing has expanded its management board to three from two members, promoting Sebastian Hartrott, previously Head of Legal, to Managing Director on 1 December 2017. Pullach, 15 January [...]
CORESTATE and Universal-Investment acquire newly built micro-apartments worth Euro 670m for Bayerische Versorgungskammer
CORESTATE has acquired five Project Developments comprising a total of over 1,700 newly built micro-apartments in Germany. The five properties were acquired by way of a forward deal for the [...]
CORESTATE completes the HFS acquisition by early refinancing – HFS acquisition – funding costs reduced by 80%
CORESTATE announces the full repayment of an HFS acquisition loan (Compartment Thalos IX from Thalos Investment Platform S.A.) with a total nominal amount of Euro 150m. The loan formed part [...]
