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DGAP-News: Corestate Capital Holding S.A. / Key word(s): Funds/Real Estate
- Open special AIF for residential and commercial real estate - Target volume of EUR 800m with a target return of 7% - Start-up portfolio with an investment volume of EUR 241m available - EUR 130m in equity already raised November 12, 2018. CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, 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. The fund has already started with an initial portfolio of seven properties with an investment volume of EUR 241m, which was financed by equity capital of EUR 130m already raised. The properties are located in Augsburg, Hanover and Munich, among other places. Further properties are to be purchased, which will provide a constant rental income and which furthermore offer additional development potentials. The current market values of the properties in the seed portfolio, amounting to EUR 262m, show the great value creation potential of the first investments. The aim is to increase further potential, reduce vacancies and generate attractive income through sales. "With the new fund, we are adding another attractive option to our product range for institutional investors. We are thus specifically expanding our product range in order to meet as many investment and risk needs as possible. With our ever-increasing range of funds, we are generating further growth and at the same time putting our revenue structure on an even broader and more solid footing," says Dr. Michael Bütter, CEO of CORESTATE Capital Group. PR contact About CORESTATE Capital Holding S.A.
12.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Corestate Capital Holding S.A. |
| 4, Rue Jean Monnet | |
| L-2180 Luxembourg | |
| Luxemburg | |
| Phone: | 107 |
| Fax: | 29 |
| E-mail: | |
| Internet: | -capital.com |
| ISIN: | LU1296758029 |
| WKN: | A141J3 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
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| End of News | DGAP News Service |
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