DJ Corestate acquires residential development 'Bambi' with seven apartment buildings in the proximity of Kitzingen's city center
DGAP-Media / 2022-07-13 / 08:00
Corestate acquires residential development "Bambi" with seven apartment buildings in the proximity of Kitzingen's city center
Frankfurt, 13 July 2022 - CORESTATE Capital Group S.A. (Corestate), a leading independent real estate investment manager in Europe, has acquired a new construction project with seven buildings and a total of 54 residential units for a real estate special AIF. The project was successfully developed by EcoLoft Gruppe AG to the Kfw55 standard and has now been included in the "CORESTATE Residential Germany Fund III" as part of an asset deal. Thanks to the excellent cooperation of all parties involved, the property was taken over on schedule in May. The first tenants are expected to move in before the end of August 2022.
The seven residential buildings each have four floors with a total living space of almost 4,600 square meters and an additional 60 outside parking spaces. The apartments are partially barrier-free and have two to four rooms ranging in size from 67 to 137 square meters. The elevators also ensure barrier-free apartment access.
The project in Kitzingen is already the second of a total of five planned project developments to be integrated into the special fund. The other properties will follow later in the course of the year or in 2023.
The Bambi project is located in Südstadt / Mühlberg on Wörthstraße not far from the old town. The residential development is located close to the city center and is excellently connected to the public transport network via the nearby bus stop. Kitzinger's city center and train station can be reached in a few minutes by bicycle. The immediate location on the federal highway B8 ensures a quick connection to the supra-regional road network. Due to an adjacent supermarket as well as a pharmacy, various restaurants as well as schools, childcare facilities for children of all ages and an adult education center in the immediate proximity, an optimal infrastructure for the residents is guaranteed.
Press and Investor Relations Contact Thomas Fritsche T: +49 69 3535630-106 / M: +49 162 1063025 ir@corestate-capital.com
About CORESTATE Capital Holding S.A. (CORESTATE)
CORESTATE is an investment manager and co-investor with around EUR 19 billion in assets under management in the core business. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanization, demographic shifts or sustainability - trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With more than 500 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit www.corestate-capital.com for further information.
Forward-looking statements
This press release may contain certain 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 position, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company assumes no obligation whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements, which apply only to the date of this communication. End of Media Release
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Issuer: Corestate Capital Holding S.A. Key word(s): Real estate
2022-07-13 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
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Language: English
Company: Corestate Capital Holding S.A.
4, Rue Jean Monnet
L-2180 Luxembourg
Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-299
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: 1396571
End of News DGAP Media
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1396571 2022-07-13
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July 13, 2022 02:00 ET (06:00 GMT)
