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CORESTATE New Year’s Reception 2018

CORESTATE welcomed 200 guest to the New Year’s Reception at Park Hyatt in Zurich. Highlight of the reception was the keynote of Stefan C. Heilmann, Managing Director of IEG Investment Banking Group, on “8 digital trends that will bring change to all industry sectors”. The fourth industrial revolution, which came about through the development of the internet and the phenomenal dissemination of mobile devices, not only changed individual consumer behavior but permanently and irrevocably transformed the way we live.


CORESTATE's Hannover Leasing launches closed-end property AIF investing in office/hotel/asset

Hannover Leasing has launched a new closed-end property AIF for private investors. The fund invests in the property named Quartier West, an office and hotel complex with 14,963 sqm of space, situated in Darmstadt south of Frankfurt. Investors can take tranches starting from EUR 10,000. The projected payout is 4.1% p.a. Referring to the equity, investors will receive a projected total payout of 146.46% for a ten-year term ending on 30/06/2029.


CORESTATE continues consistent growth and raises guidance for 2018 - Net debt significantly reduced

CORESTATE continued its profitable growth in the first nine months of the year. Including the recent acquisition of CRM Students, its assets under management now amount to more than EUR 25 billion. CORESTATE generated aggregate revenues of EUR 224.3 million in the first nine months of 2018, up from EUR 83.4 million a year ago. Adjusted EBITDA from January to September 2018 was EUR 137.0 million, compared to EUR 39.2 million in the same period of the previous year. Adjusted net profit for the first nine months of 2018 amounted to EUR 103.6 million and nearly quadrupled year-on-year (EUR 26.9 million).


CORESTATE launches new opportunity fund with a target volume of EUR 800m

CORESTATE has launched a new open special AIF for residential and commercial real estate. The "CORESTATE Opportunity Deutschland I" fund is primarily aimed at institutional investors. The investment focus is on properties with a potential of value increase by active asset management. The special AIF has a target volume of EUR 800m and aims at a target return of 7 percent.


CORESTATE closes 'High Street VII' Club Deal at an investment volume of EUR 212m

CORESTATE has closed its "High Street VII" Club Deal at an investment volume of EUR 212m. "High Street VII" encompasses a portfolio of 24 retail assets with 100,000 sq.m. of total GLA across 17 mid-sized German cities. Anchor tenants include dm, Müller, New Yorker and Rewe.


Continuing its positive business performance: CORESTATE'S Hannover Leasing buys 'Alter Domus' office building in Luxembourg for institutional joint venture

Hannover Leasing, part of the CORESTATE Capital Group, has bought "Alter Domus", a newly developed office property in Luxembourg in a club deal on behalf of Finnish mutual pension insurance company Ilmarinen and a French institutional investor. The sellers are project developer Extensa and its Luxembourg-based partner Promobe. The purchase price is in a high double-digit-million Euro range.


Douglas Edwards to join CORESTATE as Head of Group Equity Raising

CORESTATE has appointed Douglas Edwards as Managing Director and Head of Group Equity Raising. Starting January 2019, Mr Edwards will take the lead in furthering the Group's sales and distribution activities to both domestic and international clients as well as overseeing the Group's existing client management functions.


CORESTATE acquires UK's largest independent student accommodation provider and continues on growth course

CORESTATE acquires CRM Students Ltd. (CRM), the largest independent student accommodation management company in the UK, for approximately EUR 17 million. Thus, CORESTATE's assets under management increase from EUR 22 billion to EUR 25 billion. The acquisition has been financed entirely from CORESTATE's free cash flow.


CORESTATE Tochter Hannover Leasing und Exporo: neue digitale Plattform für Immobilieninvestments

Ab sofort können sich Anleger direkt online an Immobilieninvestments der HANNOVER LEASING, einem Unternehmen der CORESTATE Capital Group, beteiligen. Grundlage bildet eine Kooperation zwischen Accontis, der Vertriebsgesellschaft der HANNOVER LEASING, und Exporo, der führenden Plattformen für digitale Immobilieninvestments in Deutschland.


W5 Group GmbH: Ralph Winter increased his shareholding in CORESTATE Capital Holding S.A.

Ralph Winter, Founder and main shareholder of CORESTATE Capital, announced today that he increased his shareholding by approximately 250,000 shares valued at more than EUR 11 million. Ralph Winter commented his purchase of CORESTATE Capital shares: "I remain highly confident in CORESTATE Capital's long-term growth prospects".


CORESTATE expands management team

CORESTATE continues its growth course and has expanded its management capabilities. Dirk Lembke has joined the management board of UPARTMENTS Real Estate GmbH, CORESTATE's micro living unit, in August 2018. At CORESTATE's business unit Commercial, Dr Ralf Klann started on 1 September as a Managing Director. The third addition, also started on 1 September, is Kathrin Aigner as Chief Compliance Officer for the entire CORESTATE Capital Group.