CORESTATE continues to grow in Europe: First Micro Living properties acquired in Poland for Bain Capital Credit

- Total investment of EUR 73 million in Krakow and Gdansk

- Two student residences and one serviced apartment property

- Micro Living Segment grows to over 30,000 beds

- European presence expanded to 11 countries

Frankfurt, February 3, 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, has acquired its first Micro Living properties in Gdansk and Krakow for Bain Capital Credit, a leading global credit specialist with approximately $ 41 billion in assets under management. In December 2019, the two companies entered into a joint investment partnership in Poland in the student apartments and serviced apartments segment. The agreed total investment framework initially amounts to around EUR 500 million and also includes asset and property management agreements.

Lars Schnidrig, CEO of CORESTATE Capital Group: "With Poland we are entering our next new market as part of our growth strategy. Through client investments in 11 countries, we have now established a solid pan-European real estate platform, which we will continue to expand very systematically for the benefit of our clients. The new properties in Poland now increase our Micro Living offering in Europe to well over 30,000 beds. On the basis of this long-standing product expertise, we have developed into one of the most distinguished investment managers for large, international institutional investors in the still young asset class Micro Living. This implementation strength was also decisive for Bain Capital Credit, which we were able to win as a new partner with many years of real estate experience throughout Europe."

The total investment volume of the two properties is around EUR 73 million. Apart from the medical campus of Jagiellonian University, an apartment complex consisting of two buildings with 606 fully furnished apartments (689 beds) and total rental space of close to 12,000 m² is being built in Krakow. A new building for students with 475 units and 558 beds will be run under the Youniq brand. In addition to dining facilities, the project will include a kiosk, various common areas for study and leisure, a gym and a launderette. Furthermore, an adjacent listed building will be developed into a serviced apartment building of the JOYN brand. In Gdansk, a student apartment building is also being built for Youniq with 279 units (409 beds) and total rental space of approximately 6,200 m². Special facilities will include a communal kitchen, fitness rooms, a launderette and a TV and gaming room.

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About CORESTATE Capital Holding S.A.: CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with more than EUR 28 billion in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, e.g. in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found at .

Forward-looking statements: This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at . The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.