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Corestate

Press releases

Press contact
Jorge Person
Phone +49 69 3535630-136
Mobile +49 162 2632369
jorge.person@corestate-capital.com
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04/12/2019

Ad Hoc Announcement: Corestate Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme

04/04/2019

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 EUR 54 million. The value creation potential of the property will be leveraged as part of CORESTATE’s manage-to-core strategy. The deal has already been signed, closing is scheduled for the end of May 2019.

04/01/2019

Ad Hoc Announcement: CORESTATE Capital Holding S.A. resolves on share buy-back programme

The management board of CORESTATE Capital Holding S.A. with its registered office in Luxembourg, ISIN LU1296758029 (the "Company") today resolved, with the consent of the supervisory board, to make use of the authorisation to purchase treasury shares as resolved by the annual general meeting of the Company on 27 April 2018 and to purchase up to 500,000 treasury shares in the period from 1 April 2019 to (and including) 25 April 2019.

03/29/2019

CORESTATE funds value-add property in Munich with EUR 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 EUR 39m with a three-year maturity for a value-add property in Munich.

03/21/2019

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 Management Board for four years. The 46-year-old former Chief Financial Officer has held the functions of CEO and Chairman of the Management Board on an interim basis since 31 December 2018. At the same time, the management contract of co-founder Thomas Landschreiber as Chief Investment Officer was also extended for another three years.

03/21/2019

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 effective April 1, 2019. The 46-year-old former Chief Financial Officer holds the position of CEO and Chairman of the Management Board on an interim basis since 31 December 2018.

03/21/2019

Ad Hoc Announcement: CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber - management structure sustainably aligned

03/08/2019

CORESTATE signs sustainability standards of the United Nations

CORESTATE has signed the United Nations Principles for Responsible Investment (UNPRI). The commitment to these sustainability standards is a key component of CORESTATE’s integral Environmental, Social, Governance (ESG) strategy, under which ESG criteria are factored into all of the company’s business processes and practices, thereby embodying these best practices of corporate governance.

02/26/2019

CORESTATE launches EUR 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. The fund’s investment focus will be on new-built residential properties in major metropolitan areas and thriving cities throughout Germany. The institutional fund, with a target volume of EUR 300 million, seeks to generate ongoing distributions of at least 4% p.a.

02/21/2019

CORESTATE expands real estate portfolio for Bayerische Versorgungskammer to EUR 800 million

CORESTATE arranged the purchase last year of seven additional properties, with a total value of some EUR 100 million, for a high-street property fund of Bayerische Versorgungskammer (BVK). With these new investments, the assets of the portfolio, managed by CORESTATE on behalf of BVK, has now reached approx. EUR 800 million, with a total of 97 highstreet retail property holdings throughout Germany. In the current year as well as 2020, the number of property investments is to be further increased as suitable buying opportunities come available.