4investors | Börsen-News | Adhoc- und Unternehmensnews | Corestate Capital Holding

DGAP-News: CORESTATE to expand financing for Highstreet portfolio of Bayerische Versorgungskammer to EUR 387 million

11.06.2019, 06:45:12 (www.4investors.de - in Kooperation mit DGAP - EQS Group):

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Financing

CORESTATE to expand financing for Highstreet portfolio of Bayerische Versorgungskammer to EUR 387 million
11.06.2019 / 06:45

The issuer is solely responsible for the content of this announcement.
CORESTATE to expand financing for Highstreet portfolio of Bayerische Versorgungskammer to EUR 387 million
Frankfurt, 11 June 2019 - CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, has implemented a financing increase at very attractive long-term conditions for the Highstreet Fund of Bayerische Versorgungskammer (BVK). The fund is running on the platform of Universal-Investment. The financing, which was initially concluded in February 2018, was increased by around EUR 44 million to EUR 387 million. Landesbank Baden-Württemberg (LBBW) acted as mandated lead arranger for a consortium of banks.
Matthias Heimann, Head of Debt Finance & Debt Advisory: "Increasing this complex and large portfolio financing, including a bank consortium with five lenders, was challenging. We are therefore pleased that, as in 2018, we had LBBW at our side as a very competent and reliable partner and were once again able to structure a tailor-made financing for BVK's Highstreet Fund."
CORESTATE was able to expand the Highstreet portfolio, which was acquired by BVK in 2017 and comprised 90 properties at the time, to 97 properties with a total volume of around EUR 800 million.
Thomas Landschreiber, Co-Founder and Chief Investment Officer of CORESTATE: "The procurement of attractive financing by our Debt Finance Team is an important component of our integrated investment and asset management approach and therefore essential for the overall success of our projects. Having secured seven further commercial properties with good return prospects for BVK last year, we are convinced that we will be able to identify and acquire long-term attractive properties for BVK in the future as well."
With assets under management of more than EUR 77 billion, BVK is one of the largest institutional investors in Germany. CORESTATE has been acting on behalf of the company as investment and asset manager since 2016. In addition to the commercial real estate portfolio, CORESTATE also manages a micro living portfolio for BVK with student apartment buildings worth around EUR 660 million and an agreed target volume of EUR 1.2 billion.
 PR Contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
 IR Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630107 / M: +49 152 22755400
 About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approx.imately EUR 256 billion 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 peopletotal staff of around 700 and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found at www.corestate-capital.com.
 Forward-Looking Statements
This press release may contain 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 situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at ir.corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

11.06.2019 Dissemination of a Corporate News, 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

Corestate Capital Holding S.A.

4, Rue Jean Monnet

L-2180 Luxembourg

+49 69 3535630-107
+49 69 3535630-29
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:

End of News
DGAP News Service

822205  11.06.2019 


Exklusive Interviews und Analysen für Sie aus der 4investors-Redaktion!

Der Newsletter ist kostenlos. Sie können den Newsletter jederzeit wieder abbestellen. Wir speichern Ihre Mailadresse ausschließlich zum Versand des Newsletters und geben diese nicht weiter! Bitte beachten Sie unsere Datenschutzerklärung.

Weitere DGAP-News von Corestate Capital Holding

4investors-News zu Corestate Capital Holding

16.01.2020 - Corestate: Eine unterbewertete Aktie
15.01.2020 - Corestate mit Meldungen zu Union und STAM
23.12.2019 - Corestate Capital Holding: Engagement in Leipzig
19.12.2019 - Corestate Capital Holding: Kooperation mit Bain Capital
04.12.2019 - Corestate: Neues Projekt in Madrid
17.10.2019 - Corestate reagiert auf Kurssturz - Neues zur Dividende
16.09.2019 - Corestate: Eine hohe Dividendenrendite
09.09.2019 - Corestate: Neues Projekt in Köln
13.08.2019 - Corestate Capital Holding: „Geschäftsverlauf befindet sich genau im Plan”
08.07.2019 - Corestate Capital Holding: Übernahme in Frankreich
14.05.2019 - Corestate Capital Holding bestätigt Prognose für 2019
23.04.2019 - Corestate Capital: Aktie hat weitere Kursphantasie
13.04.2019 - Corestate Capital Holding: Rückkauf geht in nächste Runde
03.04.2019 - Corestate Capital: Dickes Lob von Analysten
01.04.2019 - Corestate: 18,5 Millionen Euro für eigene Aktien
21.03.2019 - Corestate: Schnidrig fest zum CEO berufen
30.12.2018 - Corestate Capital Holding: Trennung zum Jahresende
14.11.2018 - Corestate Capital Holding hebt Prognose für 2018 an
12.11.2018 - Corestate startet neuen Immobilienfonds
04.10.2018 - Corestate: Übernahme auf der Insel