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.comfor 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 |
Corestate Capital Holding SA published this content on 29 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 January 2018 15:39:09 UTC.
Original documenthttps://ir.corestate-capital.com/websites/corestate/English/2000/news.html
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