DGAP-News

Corestate subsidiary Hannover Leasing acquires the new 'Johannis-Quartier' office building in Chemnitz for special AIF

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Funds Corestate subsidiary Hannover Leasing acquires the new 'Johannis-Quartier' office building in Chemnitz for special AIF 22.01.2021 / 07:00 The issuer is solely responsible for the content of this announcement. Corestate subsidiary Hannover Leasing acquires the new "Johannis-Quartier" office building in Chemnitz for special AIF

• Total investment volume of € 70m
• Special AIF for German savings banks and insurers
• Corestate intensifies investment activities in city quarters
• High-quality core newbuild with sustainable cash flow profile
• Long-term rental contract spanning 25 years with top tenant "eins energie in Sachsen"

Frankfurt, 22 January 2021. At the turn of the year, Hannover Leasing, a subsidiary of CORESTATE Capital Holding S.A. (Corestate) acquired the office space of the "Johannis-Quartier" city quarter development in Chemnitz for a closed special AIF geared towards institutional investors such as German savings banks and insurers. The attractive core office investment has a total investment volume of approximately € 70m. Hannover Leasing is also responsible for asset management for the property, which is almost exclusively leased to regional energy provider eins energy in sachsen GmbH & Co. KG with a fixed term of 25 years. The handover is scheduled to be made following project completion, which is planned for Q4 2021. The seller is a project company of FAY Projects GmbH, based in Mannheim.

Nils Hübener, CIO of Corestate: "Our outstanding access to the regional market meant that we were able to offer a tailor-made investment solution to our institutional clients, featuring an exclusive property in an attractive asset class. This marks a systematic continuation of our focus on city quarter products and the further intensification of our investment activities in this core segment. We currently have a range of exciting projects in the pipeline that will allow us to actively shape the way people live and work in major German cities."