CoreStates Financial Corporation

DGAP-News: Corestate study shows that real estate debt is a long-term growth market

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Thursday, December 9, 2021

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Frankfurt, 9 December 2021 - Corestate, a leading independent investment management company for real estate and related financing solutions, is publishing its latest study entitled "Private Debt and Real Estate Financing - A Winning Asset Class in Uncertain Times."

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Frankfurt, 9 December 2021 - Corestate, a leading independent investment management company for real estate and related financing solutions, is publishing its latest study entitled "Private Debt and Real Estate Financing - A Winning Asset Class in Uncertain Times."
"Private real estate debt continues to gain traction as an asset class.
The private real estate debt market: history, drivers, returns and outlook
3.
Finally, and decisively by the in-house ESG team headed by Georg Schattney, the focus on "green real estate financing" is examined.

Azimuth GRC Appoints Joe Proto to Board of Directors

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Tuesday, December 7, 2021

JACKSONVILLE, Fla., Dec. 7, 2021 /PRNewswire/ -- Azimuth GRC , a compliance automation pioneer, today announced the appointment of Joe Proto to its board of directors.

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JACKSONVILLE, Fla., Dec. 7, 2021 /PRNewswire/ -- Azimuth GRC , a compliance automation pioneer, today announced the appointment of Joe Proto to its board of directors.
Azimuth GRC is an automated compliance technology platform helping companies in regulated industries comply with federal and state laws.
Azimuth GRC has codified every law into one platform, removing friction and manual compliance processes, leveraging automation to create a full-testing platform.
To learn more about Azimuth GRC, visit AzimuthGRC.com
As a senior executive and successful entrepreneur, Joe Proto has four decades in the financial technology and banking industry.

DGAP-News: Corestate Bank structures three complex real estate financing transactions with a total volume of around EUR 130 million at short notice

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Friday, December 3, 2021

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Frankfurt, 3 December 2021 - Corestate Bank, a subsidiary of the Corestate Group, has arranged three complex real estate financing transactions worth a total of around EUR 130 million over the past few days.

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Frankfurt, 3 December 2021 - Corestate Bank, a subsidiary of the Corestate Group, has arranged three complex real estate financing transactions worth a total of around EUR 130 million over the past few days.
Since Corestate offers its clients all services for both the real estate debt and the real estate equity side from a single source, the company can implement financings particularly effectively.
Of course, we also make our banking network available to external real estate investors," commented Johannes Mrklin, Member of the Management Board of Corestate.
On behalf of German and international investors, Corestate Bank successfully negotiated and contractually executed a three-year real estate financing in the amount of approximately EUR 31 million with a German commercial bank.

DGAP-News: Corestate's Micro Living universe grows - two new locations in Cologne and Mainz

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Wednesday, December 1, 2021

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Second YOUNIQopening in Cologne-Deutz with an innovative concept, including co-living offering

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Second YOUNIQopening in Cologne-Deutz with an innovative concept, including co-living offering
Frankfurt, 1 December 2021 - Corestate continues to expand its European growth initiative in the Micro Living segment by adding two new properties in Mainz and Cologne.
Most recently, the company won two prestigious awards for its Micro Living brands YOUNIQ and Linked Living powered by YOUNIQ, a Red Dot Design Award and a Best-in-Class Award.
The property is let to Studierendenwerk Mainz through November 2026 and will then be developed into an additional Mainz location of Corestate's Micro Living brand YOUNIQ.
Corestate is also expanding its Micro Living offering in Cologne-Deutz and has just launched the second YOUNIQ building in the cathedral city.

DGAP-News: Dynamic start for the end-of-year spurt: DIC Asset AG acquires two properties totalling EUR 139 million

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Monday, November 8, 2021

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Dynamic start for the end-of-year spurt: DIC Asset AG acquires two properties totalling EUR 139 million

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Dynamic start for the end-of-year spurt: DIC Asset AG acquires two properties totalling EUR 139 million
The issuer is solely responsible for the content of this announcement.
Dynamic start for the end-of-year spurt: DIC Asset AG acquires two properties totalling EUR 139 million
For the Institutional Business: Operations centre of Deutsche Bahn acquired (TIC: EUR 117 million)
For the company's own Commercial Portfolio: "Green Building" in Mettmann purchased (TIC: EUR 22 million)
Frankfurt am Main, 8 November 2021.
DIC Asset AG ("DIC"), ISIN: DE000A1X3XX4, one of Germany's leading listed property companies, spent c. EUR 139 million in total investment costs (TIC) to buy two properties in Berlin and Mettmann (near Dsseldorf), respectively.
"The last weeks of the year are always very dynamic and full of opportunities in our industry.

DGAP-News: CORESTATE sells very successfully managed Berlin operations center of Deutsche Bahn AG

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Monday, November 8, 2021

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Corestate, a leading independent investment management company for real estate and related financing solutions, has sold a top property, the Deutsche Bahn AG operations center in Berlin, to DIC Asset AG, which will manage it in a special fund for third parties.

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Corestate, a leading independent investment management company for real estate and related financing solutions, has sold a top property, the Deutsche Bahn AG operations center in Berlin, to DIC Asset AG, which will manage it in a special fund for third parties.
The property was acquired in 1997 as part of a forward purchase and has since been managed very successfully by the Corestate subsidiary Hannover Leasing as the fund and asset manager for a public fund.
The building completed in 1998 is located not far from the city center in Berlin's Pankow district and is fully leased to Deutsche Bahn on a long-term basis.
Deutsche Bahn uses the property, which is tailored to its needs, as its administrative headquarters and operations center.

DGAP-News: Corestate: European Commission extends lease of 14,500 sqm in Brussels' top office complex 'Covent Garden' through end of 2028

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Thursday, November 4, 2021

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Frankfurt/Pullach, 4 November 2021 - The Corestate subsidiary Hannover Leasing has extended a lease of nearly 14,500 sqm with the European Commission that expires on 1 March 2022 for the top "Covent Garden" office complex it manages in Brussels.

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Frankfurt/Pullach, 4 November 2021 - The Corestate subsidiary Hannover Leasing has extended a lease of nearly 14,500 sqm with the European Commission that expires on 1 March 2022 for the top "Covent Garden" office complex it manages in Brussels.
In what is currently a challenging office market, the lease was concluded for a term until December 2028.
The building complex, which was completed in 2008 and comprises a 26-story office tower and a nine-story office building, has more than 72,000 sqm of leasable space, including around 70,300 sqm for offices.
The complex is fully leased to European Commission institutions under separate leases with terms that vary.

DGAP-News: CORESTATE publishes ESG report: Well above plan on key ESG targets

Retrieved on:

Thursday, September 30, 2021

Corestate has adopted ambitious environmental, social, and corporate governance (ESG) targets to align their business goals with sustainability goals.

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Corestate has adopted ambitious environmental, social, and corporate governance (ESG) targets to align their business goals with sustainability goals.
The ESG report published today demonstrates the progress made in implementing the ambitious plans.
For example, Corestate was able to reduce CO2 emissions/m in managed properties by 8% compared to the previous year, six percentage points more than planned.
For this reason, Corestate established the "CORESTATE Capital Pride Network" (CCPN), CORESTATE's LGBTQ+ diversity group.

DGAP-News: CORESTATE acquires top office campus 'VISION ONE' in Stuttgart metropolitan region for closed-end special AIF

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Wednesday, September 22, 2021

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Corestate, a leading independent investment manager for real estate and related financing solutions, has acquired the VISION ONE office campus, a forward-looking new construction project in the Stuttgart metropolitan region (Leinfelden-Echterdingen), for a closed-end special AIF.

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Corestate, a leading independent investment manager for real estate and related financing solutions, has acquired the VISION ONE office campus, a forward-looking new construction project in the Stuttgart metropolitan region (Leinfelden-Echterdingen), for a closed-end special AIF.
The Corestate subsidiary Hannover Leasing will act as the experienced capital management company and will also provide asset management services for the property.
The group of investors comprises a small number of institutional investors from the insurance and pension fund sector, as well as a church supplementary pension fund.
For many years, the region has recorded one of the lowest unemployment figures in the whole of Germany.

DGAP-News: 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

Retrieved on:

Tuesday, September 14, 2021

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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.

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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).
With a credit fund that will provide the necessary investment capital within four weeks, we are the closest alternative to traditional real estate financing.