Commitment to United Nations Principles for Responsible Investment (UNPRI) ESG criteria integrated throughout CORESTATE Capital Group ESG focus and offerings directed at all customer segments and spanning all new products
CORESTATE Capital Holding a leading European real estate investment manager, is launching its new open-ended Special-AIF “CORESTATE Residential Germany III fund” (CRG III). Following the full placement of CRG II in January 2019, CORESTATE now continues the successful series.
Purchases of seven German high-street retail properties for approx. EUR 100 million in 2018 Managed commercial real estate portfolio grows to 97 properties Further acquisitions planned for 2019
• Aggregated revenues increase by 50% to EUR 292 million, adjusted EBITDA of EUR 184 million ( 50%), adjusted net profit of EUR 135 million ( 45%) • Assets under management increased to more than EUR 25 billion • Net debt significantly reduced over the course of the year • Forecast for 2019: Further profitable growth in the core business • Increase of the dividend proposal to EUR 2.50 per share reaffirmed
CORESTATE Capital has acquired an office building in Munich. The property, representing a total investment amount of approx. EUR 66 million, is to be repositioned using a “Manage-to-Core” strategy. CORESTATE will offer the property to investors as a club deal. The deal signing has already been completed, with closing scheduled for the end of March 2019.