DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
The high-rise buildings are located in Dresden, Dusseldorf, Frankfurt/Offenbach, Cologne and Leipzig, respectively. The asset in Dresden will comprise 191 residential units with a total floor space of c. 11,100 sqm, 262 parking spots and 3,300 sqm of commercial space, as well as a restaurant and a bistro. In Düsseldorf, a multi-story building of 423 residential units with a total floor space of 22,600 sqm and close to 1,000 sqm of commercial space is being constructed by 2021. Featuring a Skylounge, a wellness area and a gym as well as underground parking for electric cars, the property at Kaiserlei right on the city limits of Offenbach and Frankfurt/Main will comprise 632 apartments with a combined living space of 31,500 sqm and c. 6,200 sqm of commercial space. A project with a total floor space of c. 20,700 sqm is being developed in Cologne; close to half of the space will be dedicated to 200 residential units, with c. 11,600 sqm being updated for tenants such as Deutsche Post, Deutsche Bahn Service and others. Situated close to downtown Leipzig, an asset featuring 296 apartments with c. 16,000 sqm of combined floor space is being developed. The new upscale residential building, which also includes 4,300 sqm of commercial space for offices and restaurants, is located in the close vicinity of the Graphisches Viertel neighborhood and the university hospital. Thomas Landschreiber, CIO of CORESTATE: "CORESTATE has built a superior deal sourcing network over many years. Thanks to that we benefit from an excellent access to great product. Although the markets are flooded with capital and investors are looking for the right product, we are facing the New Year 2018 with strong confidence due to our current asset pipeline of over EUR 5bn." IR Contact Press Contact for Universal-Investment About CORESTATE Capital Holding S.A. About Universal-Investment With fund assets in excess of about EUR 355 billion under administration, thereof EUR 295 billion in own vehicles, over 1,100 funds and investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in German-spoken Europe. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 December 2017) Please visit www.universal-investment.com for more information Forward-Looking Statements
11.01.2018 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: | +49 69 3535630-106 |
Fax: | +49 69 3535630-29 |
E-mail: | alexander.groschke@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 |
End of News | DGAP News Service |
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