Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-12-11 / 13:52
*CORESTATE subsidiary Hannover Leasing acquires office property in
Düsseldorf for new mutual AIF*
*Pullach, December 11, 2018* - Hannover Leasing, a CORESTATE Capital Group
company, has acquired an office building in Düsseldorf-Oberbilk. The new
building has already been fully rented to Unfallkasse NRW which is opening
its new headquarters at the property and will move in with around 500
employees by the end of next year. A rental agreement with a 15-year term
and no special right of termination has already been signed. The price
amounts to just under EUR 55.5 million. The seller is the Essen-based
project developer KÖLBL KRUSE.
Hannover Leasing is planning to transform the property into a mutual AIF
specially designed for foundations, which will focus management to the needs
of foundations. The minimum subscription amount for the new fund is EUR
100,000.
Designed by renowned Düsseldorf architects RKW Architektur +, the building
has a total rental area of approx. 12,100 m² and is located on Moskauer
Strasse at the International Trade Center in Oberbilk, an inner-city urban
borough in southeast Düsseldorf. It has very good public transport
connections and is within walking distance of the central train station.
"The Düsseldorf office market is known for high demand and scarce supply -
the vacancy rate is currently around 7 percent, east of the center even down
to about 4.4 percent," explains Markus Müller, Managing Director of Hannover
Leasing. "The building will be barrier-free, state-of-the-art and seeks to
be awarded the Gold Certificate by the DGNB."
*PR Contacts*
Andre Zahlten
T: +49 69 3535630-108 / M: +49 174 4022348
andre.zahlten@corestate-capital.com
KÖLBL KRUSE GmbH
Bea Steindor M.A.
T: +49 201 3 20 33-20 / M: +49 01 77 5 48 20 97
steindor@k-k-p.de
*About Hannover Leasing*
For more than 35 years, Hannover Leasing has been one of the leading
providers of real assets in Germany. So far, around 70,000 private and
institutional investors have committed to the firm's funds, investing a
total of 10.3 billion euros in equity in the process. Hannover Leasing's
total assets under management add up to approximately 9.8 billion euros.
With its subsidiary HANNOVER LEASING Investment GmbH as investment
management unit (KVG), Hannover Leasing has the ability to launch and manage
open-end and closed-end Special AIFs for institutional investors as well as
closed-end AIFs for private investors. A focus lies on the asset class real
estate (national and international). Headquartered in Pullach near Munich,
Hannover Leasing is part of the CORESTATE Capital Group (CORESTATE).
*About CORESTATE Capital Holding S.A.*
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and
co-investor with approximately EUR 25bn 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
including in Frankfurt, London, Madrid, Singapore and Zurich. The company
employs over 730 people and is a member of the Prime Standard of the
Frankfurt Stock Exchange (SDAX).Further information is available at
www.corestate-capital.com.
*About KÖLBL KRUSE*
Over the last twenty years, KÖLBL KRUSE has developed into one of the
most successful project developers in Germany. The company executes major
projects throughout Germany with creativity and the highest aesthetic
standards. It consistently sets urban development accents precisely tailored
to location and target audience. Its experience spanning 500,000 m² of total
floor area in completed construction projects - equivalent to over 70 soccer
fields - helps guide every vision to reality.
This publication represents only non-binding information that does not
purport to be complete. Investors are advised to base any investment
decision on a thorough review of the entire sales prospectus. The prospectus
includes detailed information on the economic, fiscal and legal parameters
underlying a given investment, and specifically on its risks. The
full-length sales prospectus complete with addenda, where applicable, is
available from the issuer and from the provider, each seated at
Wolfratshauser Strasse 49, D-82049 Pullach, and can be requested free of
charge.
End of Media Release
Issuer: Corestate Capital Holding S.A.
2018-12-11 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Corestate Capital Holding S.A.
4, Rue Jean Monnet
L-2180 Luxembourg
Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-29
E-mail: IR@corestate-capital.com
Internet: www.corestate-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
End of News DGAP Media
756643 2018-12-11
(END) Dow Jones Newswires
December 11, 2018 07:52 ET (12:52 GMT)
