Corestate Capital Holding S.A.

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

Nachricht vom 14.09.2021 | 07:00

​​​​​​​CORESTATE subsidiary HFS launches new senior fund Stratos VI and is now a one-stop provider of senior and subordinated loans for residential and commercial real estate

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Product Launch
14.09.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

CORESTATE subsidiary HFS launches new senior fund Stratos VI and is now a one-stop provider of senior and subordinated loans for residential and commercial real estate

  • Traditional bank loans losing significance
  • Mezzanine and senior loan capital filling growing financing gaps
  • Strong fund growth expected
  • Investment grade rating received
  • Credit fund will make investment capital available within four weeks

Frankfurt/Pfäffikon (CH), 14 September 2021. Helvetic Financial Services AG (HFS), a member of Corestate Capital Group (Corestate) and a leading provider of mezzanine financing in the German-speaking residential and commercial real estate market, has added the new senior fund Stratos VI to its product portfolio. The Stratos VI real estate bond fund has been set up as a special AIF (German special fund) and is targeted at professional and semi-professional investors. It will finance high-return development and existing properties from the residential and commercial real estate segment in the DACH region (Germany, Austria and Switzerland). The recently approved fund has already received an investment grade rating from a prominent rating agency. The fund's target return is over 5%. HFS expects the fund to have raised around € 500m by the end of 2021 and aims to increase that amount to approximately € 1bn in 2022.

Martin Bassermann, Chairman of HFS's Board of Directors: "Traditional lenders like banks are not meeting the need for real estate financing, causing a gap in demand for senior secured loans that urgently needs filling. The main causes of this are the increasing regulation of bank financing as well as the duration of the lending process. This is precisely where the new Stratos VI comes in. With a credit fund that will provide the necessary investment capital within four weeks, we are the closest alternative to traditional real estate financing. We are expanding our range of financing products to include senior tranches alongside our mezzanine subordinated loan business, which has been successfully operating for many years. Based on the investment commitments we have already received and numerous discussions with interested institutional investors, we are very confident that HFS will become a market leader in the senior segment as well."

Sebastian Ernst, Corestate's Chief Debt Investment Officer (CDIO): "HFS's new senior fund is the perfect addition to the Corestate Group's product range in the private debt segment and underscores our holistic approach to offering our real estate investors a full portfolio of solutions on both the real estate debt and real estate equity side."

Johannes Märklin, Corestate's Chief Debt Financing Officer (CDFO): "We believe there is substantial untapped potential for HFS in the area of senior secured real estate financing and subordinated loans and expect strong growth in assets under management in the medium term. HFS has stood for high standards of quality for 12 years now and has not recorded any loan defaults to date. This track record will clearly help us with this move."

HFS was one of the first companies to recognise the major potential of mezzanine financing and has established itself as a market leader in this segment of the German market since launching its first fund in 2009. In addition, HFS acts as an advisor for a large number of funds with its experienced and highly qualified team of over 30 employees.

 

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

Investor Relations contact
Dr Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
ir@corestate-capital.com

About CORESTATE Capital Holding S.A. (CORESTATE)
CORESTATE is an investment manager and co-investor with around € 27 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 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.

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.

 



14.09.2021 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.

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