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    EQS-Adhoc  225  0 Kommentare Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management

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    • Corestate sells CRM Students and Upartments to Dot Group, focusing on asset management.
    • Transactions expected to be completed in Q4 2023, with cash inflow of €13 million.
    • Sale increases redemption capacity and aligns with Corestate's restructuring concept.

    EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Disposal
    Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management

    16-Oct-2023 / 11:27 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    Corestate disposes CRM Students – focus on core business asset management

     

    Luxembourg, 16 October 2023 – The Board of Management of Corestate Capital Holding S.A. ("Corestate") has decided today to sell CRM Students Ltd, Oxford ("CRM") and thereafter Upartments Real Estate GmbH, Leipzig ("Upartments") to Dot Group, London. The associated carve-out of the student and serviced apartment operations is part of Corestate's strategic focus on asset and investment management as its core business. Both transactions are subject to the usual conditions precedent and are expected to be completed during the fourth quarter of 2023. Corestate expects a total cash inflow of around € 13 million, including the repayment of intra-group financing and positions from working capital. The cash inflows will increase the redemption capacity of the Group provided for in the restructuring concept.

    Notifying person:
    Dr. Kai Gregor Klinger
    Chief Markets Officer
    T: +49 69 3535630107
    M: +49 152 22755400
    ir@corestate-capital.com

     



    End of Inside Information

    16-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com

    Language: English
    Company: Corestate Capital Holding S.A.
    4 Rue Jean Monnet
    2180 Luxembourg
    Luxemburg
    Phone: +49 69 3535630-107
    Fax: +49 69 3535630-299
    E-mail: IR@corestate-capital.com
    Internet: www.corestate-capital.com
    ISIN: LU1296758029
    WKN: A141J3
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
    EQS News ID: 1749637

     
    End of Announcement EQS News Service

    1749637  16-Oct-2023 CET/CEST

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    EQS-Adhoc Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Disposal Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management 16-Oct-2023 / 11:27 CET/CEST Disclosure of an …