DGAP-News: Successful joint venture 'Highlands II' expands acquisition volume by € 100 million

Successful joint venture "Highlands II" expands acquisition volume by € 100mn

Paris, 23 November 2021 - Corestate subsidiary STAM Europe and a North American institutional investor have expanded the acquisition volume of their second logistics and light industrial joint venture "Highlands II" by € 100mn. The partnership has already committed over € 100mn in several acquisitions for a total of 10 assets located in dynamic urban locations in France.

Edward Bates, President & CEO of STAM Europe, comments: "We welcome this new vote of confidence from our investor partner. With the new capital we start the next chapter of our successful acquisition programme for Highlands II."

The targeted assets for Highlands II should offer the potential to add value, either through rental reversion or through the implementation of CAPEX programs. The strategy targets existing and leased assets as well as development projects with leasing risk in attractive areas. STAM Europe acts as Investment and Asset Manager on behalf of the joint venture.

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

Investor Relations contact
Thomas Fritsche
T: +49 69 3535630-106
ir@corestate-capital.com
 

About CORESTATE Capital Holding S.A. (CORESTATE)

CORESTATE is an investment manager and co-investor with approximately € 27bn 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 around 850 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 11 countries across Europe, with offices in major cities such as Frankfurt, Vienna, Zurich, Paris, Madrid and London. For further information, please visit www.corestate-capital.com.

Forward-looking statements

This press release may contain forward-looking statements based on current estimates and assumptions made by management. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of the Company to be materially different from those expressed or implied by these forward-looking statements. These factors include those discussed in our published reports. These reports are available from our website, corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Undue importance should not be placed on forward-looking statements, which only apply as at the date of this release.