“CORESTATE works customer-oriented at all times and understand our needs as an institutional investor. The cooperation is always trustful and goal-oriented.”
CORESTATE posted a strong first quarter of 2018 following its dynamic performance in 2017. For the first three months, aggregate revenues totalled EUR 61.9m, adjusted EBITDA was EUR 38.8m and adjusted net profit was EUR 34.7m. Assets under management were approximately EUR 22bn at the end of March.
The shareholders of CORESTATE Capital Holding S.A. have approved all agenda items with strong majorities at today’s Annual General Meeting (AGM). Amongst the resolutions of the AGM was the distribution of EUR 2.00 per share (previous year: EUR 1.00). The total distribution volume corresponds to EUR 42,588,246.
CORESTATE is investing 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.