Corestate Capital Holding S.A.

  • WKN: A141J3
  • ISIN: LU1296758029
  • Land: Großherzogtum Luxemburg

Nachricht vom 15.01.2020 | 13:12

CORESTATE closes acquisition of STAM Europe: market entry into France

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Mergers & Acquisitions
15.01.2020 / 13:12
The issuer is solely responsible for the content of this announcement.

CORESTATE closes acquisition of STAM Europe: market entry into France

  • Corestate increases AUMs to EUR 28 bn
  • French market key for European expansion
  • Clients benefit from improved access to attractive French market
  • Further product diversification towards sought-after logistics real estate
  • Expanded international institutional investor base

Frankfurt, 15 January 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment manager in Europe, closes today the acquisition of STAM Europe, Paris, after the French regulatory authority AMF gave its approval. CORESTATE's assets under management (AuM) thus grow by c. EUR 2 bn to EUR 28 bn. On closing the transaction, CORESTATE will be expanding its product range, in particular its very successful micro living platform, into France. Simultaneously, the company will offer an enhanced market access to its clients as well as extending its institutional investor base.

Lars Schnidrig, CEO CORESTATE Capital Group: "We welcome the STAM Europe team as well as its clients to our Group. Our clients are expecting us to be present where there are valuable investment opportunities and in doing so be able to serve them on our full-service platform. With STAM we respond to this demand and the Corestate Group then can offer access to the highly attractive French real estate market where we see, together with STAM Europe, promising growth perspectives. In addition to the regional expansion into France, we are diversifying our managed portfolio with logistics real estate, one of the asset classes with the strongest demand. Thus, we are taking the next step in our strategy of becoming a leading pan-European real estate platform."

Edward Bates, CEO STAM Europe, comments: "It is a great opportunity for us to benefit from the pan-European platform and the breadth of the CORESTATE Group. Crucial for us and our customers is STAM's ability to continue to operate nimbly while benefiting from the depth of Corestate's real estate platform and its professional investment, asset and property management. That's why we are delighted to become part of one of the largest and fastest growing real estate asset managers in Europe."

The c. EUR 2 billion of AuM from international institutional clients managed by STAM Europe comprise residential, office, retail but also logistics, located in France with a focus on the key cities. The integration of STAM Europe into the group's multi boutique platform will take place in the first quarter of 2020. STAM CEO Edward Bates will become a member of CORESTATE's senior leadership team.

As with all previous acquisitions, CORESTATE will operate with joined teams to establish the French market as a vital part of the company's pan-European growth story.


Press Contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
jorge.person@corestate-capital.com

IR Contact
Dr Kai Gregor Klinger
T: +49 69 3535630107 / M: +49 152 22755400
ir@corestate-capital.com


About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with more than EUR 28 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, e.g. in Frankfurt, London, Paris, Madrid, Zurich, Amsterdam and Singapore. The company employs over 700 people 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 www.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.



15.01.2020 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.

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