Corestate Capital Holding S.A.
Corestate Capital Holding S.A.: CORESTATE Acquires Former Headquarter of Perfume Brand 4711 in Cologne, Germany
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous CORESTATE Acquires Former Headquarter of Perfume Brand 4711 in Cologne, Germany CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor, has acquired one of Colognes landmarks, former headquarter of perfume brand 4711, to realize an apartment hotel project with a projected market value after realisation of approximately EUR 60m. The re-development asset, located in the very dynamic district of Ehrenfeld, benefits from direct access to shopping amenities, various restaurants and bars, a gym, a park and enjoys very good access to public transportation. Thomas Landschreiber, Chief Investment Officer of CORESTATE, comments: “This property is part of Barthonia Forum, a 70,000 sqm mixed-use residential, commercial and retail area. Our property pipeline of Student Housing and any form of Micro Living is well filled and we are able to establish a very strong operational platform with long and stable revenues. CORESTATE’s longstanding experience and its extraordinary track record speak volumes.” IR Contact PR Contact About CORESTATE Capital Holding S.A. Forward-Looking Statements
20.10.2017 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 3535630-106 |
Fax: | +49 69 3535630-29 |
E-mail: | alexander.groschke@corestate-capital.com |
Internet: | www.corestate-capital.com |
ISIN: | LU1296758029 |
WKN: | A141J3 |
Listed: | Regulated Unofficial Market in Berlin, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |