Corestate Capital Holding S.A.

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

Nachricht vom 27.05.2021 | 07:00

Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate
27.05.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum

  • Attractive multi-tenant investment property with diversified rental income
  • Flexible-use ensemble offering approximately 22,300 m² of rental space
  • Light industrial portfolio at Quantum expanded
  • Corestate's institutional clients benefit from proven active asset management approach

Frankfurt, 27 May 2021. Real estate investment manager Corestate has successfully sold 'Limes Park' in Sulzbach (Taunus) near Frankfurt am Main. It has been bought by Quantum Immobilien AG, which has now acquired another light industrial property for an investment vehicle it manages. The parties have agreed not to disclose the purchase price.

Limes Park at Otto-Volger-Straße 1-9 is an ensemble of six buildings, which were completed in the years 1991 and 1992. The diversified plot comprises a total of approximately 22,300 m² of rental space. Approximately 13,000 m² of this total area is used for offices, and the remaining 9,300 m² is available to tenants from various industries as individually tailored storage, workshop and office space. What's unique is that the storage and production space on the ground floor can also be flexibly combined with the office space in the upper floors. The high occupancy rate emphasizes the appeal of this usage concept, which is only found in a few places in the Frankfurt region.

Prior to the purchase by Quantum, Corestate held the property since 2018 in the open-ended special AIF 'Opportunity Deutschland I', which focuses on residential and commercial real estate and is predominantly aimed at institutional investors. The fund volume, which currently boasts a portfolio of approximately 13 properties, stands at around € 400m. Hansainvest is acting as the Service KVG.

Nils Hübener, Chief Investment Officer at Corestate: "Thanks to our many years of experience in active asset management, we were able to take the Limes Park in the sought-after location near Frankfurt and turn yet another property into a very successful investment for our institutional clients. The Opportunity Deutschland fund I is primarily invested in pension funds, for whom we offer exactly what they are looking for - namely a constant basic return from rental income."

Arndt Buchwald, managing director at Quantum Immobilien Kapitalverwaltungsgesellschaft: "The purchase of Limes Park complements our light industrial portfolio perfectly. The property is located in the middle of the Rhine-Main region, which we classify as a future-proof region with a sustained high demand for light industrial real estate. The location also boasts excellent transport links, a crisis-resistant mix of tenants from the fields of research and technology, an attractive return and potential for future value growth, with the result that Limes Park meets all of our investment goals."

Limes Park is located in the Gewerbegebiet West commercial park in the south of Sulzbach. The Main-Taunus-Zentrum (MTZ) is one of the most popular and largest shopping centres in the Rhine-Main region, offering an extensive range of shopping and dining options just a few hundred metres away. Sulzbach (Taunus) borders Frankfurt am Main. It is 15 km away from Frankfurt city centre, 18 km from Frankfurt Airport and 35 km away from the state capital of Wiesbaden.

apollo real estate GmbH & Co. KG was the real estate agent involved in the transaction. Quantum obtained legal advice from Linklaters LLP, and technical advice from WITTE Projektmanagement GmbH. ES EnviroSustain GmbH carried out the buyer's ESG due diligence for the property.


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

Investor relations contact
Mario Groß
T: +49 69 3535630-106 / M: +49 162 1036025
ir@corestate-capital.com


About CORESTATE Capital Holding S.A. (CORESTATE)

CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability - trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit www.corestate-capital.com for further information.

About QUANTUM

Since it was founded in 1999, Quantum Immobilien AG has stood for promising project development, attractive institutional investment products and the holistic management of real estate investments. It focuses its activities on metropolitan regions in Germany. The project development division realises both its own projects and joint ventures within the framework of entrepreneurial investments. To date, properties with an area of over 1,350,000 m2 have been built. Other projects measuring over 250,000 m² are currently under construction or in development. The transaction volume amounts to approximately € 4.9bn.
In the funds business, Quantum offers tailor-made solutions for institutional investors through its own financial investment management company (Kapitalverwaltungsgesellschaft), such as special real estate funds or alternative investment products. Assets under management total approximately € 8.2bn.

Press contact
Quantum Immobilien AG
Nadine Wiencke
+49 40 41 43 30 - 542
nwi@quantum.ag


Forward-looking statements

This press release may contain certain 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 position, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company assumes no obligation whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements, which apply only to the date of this communication.



27.05.2021 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



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Cryptology Asset Group PLC: 120 % Kurspotenzial

GBC Research hat mit der Coverage der Cryptology Asset Group PLC (ISIN: MT0001770107) begonnen. Die Bewertung der führenden europäischen Investmentgesellschaft für Krypto-Assets und Blockchain-Unternehmen erfolgte mittels der Berechnung des Net Asset Value (NAV). Unter Berücksichtigung aller Beteiligungen ergibt sich zum 05. Juli 2021 eine GBC-Fair-NAV-Bewertung in Höhe von 1,04 Mrd. EUR. Daraus ergibt sich ein NAV je Cryptology-Aktie von 358,43 EUR. Daher empfiehlt GBC Research die Cryptology-Aktie zum Kauf und sieht ein Kurspotenzial von über 120 %.

News im Fokus

Deutsche Wohnen SE: Deutsche Wohnen unterstützt verbessertes Angebot der Vonovia für Zusammenschluss beider Unternehmen

01. August 2021, 22:15

Aktueller Webcast

Auto1 Group SE

Registrierung zum H1 2021 Trading Update der AUTO1 Group SE am 6. August um 15:30 Uhr MESZ

06. August 2021

Aktuelle Research-Studie

SURTECO GROUP SE

Original-Research: Surteco Group SE (von Sphene Capital GmbH): Buy

02. August 2021