DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous
The student residence was completed in autumn 2017 and comprises a total rental area of 7.700 sq.m. - spread over 371 apartments, two shared utility rooms and two commercial units. The asset, a seven-storey hybrid building constructed of reinforced concrete and wood, is located in Hamburg Wilhelmsburg, a new urban quarter on the Elbinsel island south of the city centre. The 20-sq.m. apartments are completely made of wood. Due to the flexible floor plan, the building can easily be used for alternative purposes. Thomas Landschreiber, CIO of CORESTATE: "WOODIE is already the 12th asset we have acquired for our BVK fund. Taking over long-term management of the attractive properties in the vehicle strengthens our business model and raises our profile as a manager to investors." UPARTMENTS Real Estate GmbH, a CORESTATE subsidiary, will be responsible for the property management. 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
29.01.2018 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 3535630-107 |
Fax: | +49 69 3535630-29 |
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 |
End of News | DGAP News Service |
648877 29.01.2018