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    DGAP-News  929  0 Kommentare Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire Micro-Apartment Asset in Hamburg, Germany





    DGAP-News: Corestate Capital Holding S.A. / Key word(s): Acquisition/Real Estate


    Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire Micro-Apartment Asset in Hamburg, Germany


    19.01.2017 / 08:00



    The issuer is solely responsible for the content of this announcement.





    CORESTATE and Universal-Investment Acquire Micro-Apartment Asset

    in Hamburg, Germany


    CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated real estate investment manager and co-investor, acquires a micro-apartment asset with 179 units in Hamburg, Germany. This asset was purchased for the real estate umbrella fund, which was launched on the Luxembourg AIF-Platform of Universal-Investment on behalf of Bayerische Versorgungskammer (BVK). The asset was sold for EUR 64m by Jargonnant Partners S.à r.l.


    The high-rise building called "Grindelhochhaus" in the district of Hamburg-Harvestehude features a lettable area of 14.800 sqm and 179 units, twelve offices, eight storage as well as six commercial units.


    Thomas Landschreiber, CIO, CORESTATE: "This second prompt acquisition for the jointly launched fund with BVK proves our ability to precisely assess the market and successfully implement the fund's approach."


    IR Contact CORESTATE
    Henryk Deter / Mirko Koch

    Phone: +49 611 20585540 / koch@cometis.de


    PR Contact CORESTATE
    Tom Zeller

    Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / tz@feldhoff-cie.de


    PR Contact Universal-Investment
    Bernd Obergfell

    Phone: +49 69 71043575 / bernd.obergfell@universal-investment.com


    CORESTATE Capital Holding S.A.
    CORESTATE Capital Holding S.A. is a fully integrated real estate investment manager and co-investor seated in Luxembourg that also has offices inter alia in Frankfurt, Zurich, Madrid and Singapore. Since foundation of CORESTATE in 2006 the generated transaction volume amounts to approximately EUR 5.7bn. CORESTATE accompanies its customers along the entire value creation chain of a real estate investment product and covers, in particular, deal sourcing and the development of investment products, structuring and execution of transactions, real estate investment management services and the development and execution of exit strategies. Since October 2016 the group is listed on the Frankfurt Stock Exchange via the Entry Standard.

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    DGAP-News Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire Micro-Apartment Asset in Hamburg, Germany DGAP-News: Corestate Capital Holding S.A. / Key word(s): Acquisition/Real Estate Corestate Capital Holding S.A.: CORESTATE and Universal-Investment Acquire Micro-Apartment Asset in Hamburg, Germany 19.01.2017 / 08:00 The issuer is solely …