Corestate

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Corestate Capital Group

logo
legal form Société Anonyme
ISIN LU1296758029
founding June 29, 2006
Seat Luxembourg , LuxembourgLuxembourgLuxembourg 
management Lars Schnidrig ( CEO ), Thomas Landschreiber ( CIO )
Number of employees 709 (2019)
sales 250.9 million euros (2019)
Branch property
Website www.corestate-capital.com
As of December 31, 2019

The Core State Capital Holding SA is a listed real estate investment management company headquartered in Luxembourg .

background

The Corestate Group employed 566 people at the end of 2017 in 41 offices in six countries. In 2017, the Corestate Group achieved sales of 161.7 million euros. The head office is in Luxembourg , there are also offices in Zurich , Frankfurt , London , Madrid and Singapore . Corestate manages assets of 22 billion euros.

The investment vehicles launched by Corestate focus on “club deals” that primarily serve institutional clients as well as wealthy private investors and family offices . The company is also active in the field of repositioning, restructuring and project development of commercial and residential real estate. With its subsidiaries Atos, Capera Immobilien Service, Hannover Leasing , HFS Helvetic Financial Services and Upartments , Corestate offers the full range of real estate investment management services such as investment, fund, asset, property and facility management.

history

Corestate Capital was founded in 2006 by Ralph Winter and Thomas Landschreiber and works with its strategic partner, the German Corestate Capital Advisors, on acquisitions and administration. In spring 2013 Corestate Capital founded its own real estate and property management company, Capera Immobilien Service GmbH, as a platform for investment, asset and property management. In August 2013, Intershop Holding AG invested in Corestate Capital AG as part of a capital increase. In February 2015 Corestate Capital founded a joint venture with Inmobiliaria Espacio, a project development and asset management company based in Madrid / Spain, as well as with its sister company OHL Desarrollos, a project developer also based in Madrid. The purpose of the joint venture “Iberian Corestate Capital Advisors SL” was to bundle the expertise, market knowledge and networks of the companies. The joint venture was dissolved again at the end of 2016.

In July 2016, Corestate bought 31 retail properties in 30 German cities for 115 million euros. These cities include Duisburg , Limburg , Mönchengladbach and Schwerin .

In 2016, Intershop Holding sold its stake in Corestate to Corestate's main shareholder Ralph Winter, who now holds around 90% of Corestate's shares.

The real estate investment manager Corestate has been listed in the Entry Standard of the Frankfurt Stock Exchange since October 2016 ; in March 2017 the share switched to the new Scale segment. In March 2018, the company was promoted to the SDAX .

In December 2016, Corestate announced that it would take over 95% of their shares in the asset management company Hannover Leasing from Landesbank Hessen-Thüringen and the Sparkassen- und Giroverband Hessen-Thüringen . The completion of the transaction was approved by BaFin in June 2017 .

In July 2017, Corestate acquired HFS Helvetic Financial Services AG based in Wollerau ( Switzerland ). HFS is one of the leading providers of mezzanine financing in the German residential and commercial real estate market. Corestate is thus expanding its range of services to include mezzanine real estate financing and expanding the fund business.

In September 2017, Corestate acquired all shares in Atos Capital.

Share and shareholders

Corestate Capital Holding SA went public on October 4, 2016. The shares were offered in the Entry Standard of the Open Market of the Frankfurt Stock Exchange at a price of EUR 17.40 per share. The share has been traded on the SDAX since March 19, 2018 . The company's share capital is divided into around 21.5 million shares. For the shareholder structure as of December 19, 2019, see table:

proportion of Shareholders
9.6% Norbert Ketterer
8.9% Sandra Ketterer
3.7% management
77.8% Free float

Web links

Individual evidence

  1. ↑ https://www.corestate-capital.com/newsroom/newsroom/detail/news/ad-hoc-mitteilung-corestate-beruft-lars-schnidrig-zum-neuen-chief-executive-officer-und-verlaengert/
  2. ↑ a b Annual Report 2019. (pdf) In: corestate-capital.com. Retrieved May 3, 2020 .
  3. ↑ The investment Manufactory - CORESTATE. Retrieved May 16, 2019 .
  4. ↑ Annual Report 2017. Corestate Capital Group, accessed December 8, 2018 .
  5. ↑ Finevision and Media Pilot for Cash Online http://www.cash-online.de : Corestate wants to turn a real estate portfolio acquired from a special situation. In: Financial news on Cash.Online. Retrieved May 16, 2019 .
  6. ↑ There are enough noble apartments - now commercial is in demand. Retrieved May 16, 2019 .
  7. ↑ Property management for residential and commercial properties, including rental and caretaker service. Retrieved May 16, 2019 .
  8. ↑ Copyright Haufe-Lexware GmbH & Co KG - all rights reserved: Intershop Holding participates in Corestate Capital AG | Real estate | Heap. Retrieved May 16, 2019 .
  9. ↑ 10 February 2015 By IPE staff: Corestate Capital moves into Spanish real estate. Retrieved May 16, 2019 .
  10. ^ Opportunities in Spain & Netherlands as liquidity increases - Ralph Winter, Corestate Capital - YouTube. Retrieved May 16, 2019 .
  11. ↑ Grupo Villar Mir y Corestate rompen su alianza inmobiliaria en España In: El Economista, November 25, 2016. Accessed July 14, 2017.
  12. ↑ CORESTATE Capital Group buys high street portfolio for 115 million euros. In: www.konii.de. July 5, 2016. Retrieved October 11, 2016 .
  13. ↑ Ralph Winter takes back Corestate shares from Intershop - News from the real estate industry. In: www.iz-jobs.de. July 8, 2016, accessed October 11, 2016 .
  14. ^ DGAP-News: Corestate Capital Holding SA: First trading day on the Frankfurt Stock Exchange. Retrieved May 16, 2019 .
  15. ↑ The rise and fall of the German stock market indices. In: WirtschaftsWoche. March 6, 2018, accessed April 12, 2018 .
  16. ↑ Helaba sells Hannover Leasing to Corestate. In: Handelsblatt. December 16, 2016. Retrieved April 25, 2017 .
  17. ↑ BaFin approves Hanover leasing sale In: immobilienmanager, June 16, 2017. Accessed July 14, 2017.
  18. ^ Corestate: Real estate investor buys in Switzerland. In: WirtschaftsWoche , July 1, 2017. Accessed July 14, 2017.
  19. ↑ Real Estate Manager Verlag IMV GmbH & Co. KG, Rudolf Müller Mediengruppe, Cologne: Corestate takes over Atos Capital. Retrieved April 12, 2018 .
  20. ↑ Corestate goes public. Legal Tribune Online, accessed November 22, 2018 .
  21. Jump up: Covestro makes it into the DAX, Rocket Internet into the MDAX. GoingPublic Media AG, accessed on November 22, 2018 .
  22. ^ Corestate Capital Group. December 19, 2019, accessed April 24, 2020 .