“CORESTATE works customer-oriented at all times and understand our needs as an institutional investor. The cooperation is always trustful and goal-oriented.”
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 Netherlands. The transfer of all titles, rights and obligations will take place over the coming months. The parties agreed not to disclose the respective purchase prices of the assets.
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 and a German institutional investor. The seller is Icon Real Estate.
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 EUR 900 million. Dr. Michael Bütter, CEO: "We are pleased with the very good business development throughout the Group, especially at our subsidiaries Helvetic Financial Services (HFS) and Hannover Leasing, which will make sustainable and stable contributions to earnings following their acquisitions in 2017 with their specialized business models."