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OFFON

CORESTATE CAPITAL HOLDING S.A.

(CCAP)
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PRESS RELEASE: Corestate and bulwiengesa publish reference work for city quarters in Germany

05/05/2021 | 01:14am EDT
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Study 
Corestate and bulwiengesa publish reference work for city quarters in Germany 
2021-05-05 / 07:12 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corestate and bulwiengesa publish reference work for city quarters in Germany 
  . EUR 200bn market with 616 identified city quarters in Germany 
  . Tremendous potential for investors: city quarters benefit from megatrends 
  . Commercial and private tenants, as well as urban planners, are interested in mixed-use concepts and urban 
    consolidation 
  . Strong pipeline: city quarters to remain a focal point for project developers in the future 
Frankfurt, 5 May 2021. The real estate investment manager Corestate and the analyst firm bulwiengesa have investigated 
the German market for city quarters and have published a new reference work entitled "City Quarters - An Asset Class of 
the Future". The study covers, categorises and systematically evaluates all modern city quarters built between 2009 and 
2020 (based on start of construction), including projects under construction or in development. Corestate and 
bulwiengesa have identified 616 city quarters, corresponding to a market volume of approximately EUR 200bn. 
Nils Hübener, Chief Investment Officer at Corestate: "City quarters are of great strategic importance to us and our 
investors today, and their importance will continue to grow moving forward. That is why we have joined forces with 
bulwiengesa to release a reference work that marks the start of a series of publications in which we will 
systematically analyse and review this promising asset class for Germany in a depth previously unknown. For example, we 
have been able to clearly demonstrate that looking beyond the A markets can be worthwhile. After all, half of all city 
quarters are located in B, C, D or even smaller markets. The investment spectrum is very diverse and broadly based." 
Felix Embacher, Head of Research & Data Science at bulwiengesa: "City quarters combine private and public space and 
point the way to the future of urban living and working environments. They are a response to megatrends such as 
urbanisation, demographic change, sustainability and even digitalisation. As mixed-use and consolidation concepts, they 
also meet the needs of various stakeholders, such as urban planners, commercial and private tenants, and investors 
alike in a sustainable fashion." 
The study systematically groups city quarters into traditional, mega, small-scale, commercial and residential quarters 
for the first time, helping to illustrate significant differences in how prevalent the types of quarters are at macro 
level. It notes that mega quarters and vertical quarters are found almost exclusively in A markets, whereas small-scale 
and residential quarters are more evenly spread out among Germany's cities. Of the quarters analysed, 71% are currently 
under construction or still in planning, indicating that the asset class will be of tremendous importance in the 
future. 
As compact, mixed-use urban units, city quarters play an important role as ESG-compliant concepts, since they often 
involve regeneration and urban consolidation efforts. The mix of uses found in quarters has also proved to be a 
successful model in times of COVID-19, as many city quarters combine healthcare, social services and workplaces in a 
compact space. 
The reference work "City Quarters - An Asset Class of the Future" is available for download here. 
Press contact 
Jorge Person 
T: +49 69 3535630-136 / M: +49 162 2632369 
jorge.person@corestate-capital.com 
Investor relations contact 
Mario Groß 
T: +49 69 3535630-106 / M: +49 162 1036025 
ir@corestate-capital.com 
 
About CORESTATE Capital Holding S.A. 
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with roughly EUR 28 bn in assets 
under management. As a fully integrated real estate platform, CORESTATE offers its customers combined expertise in the 
areas of investment and fund management as well as property management services. The company operates as a respected 
business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in 
Luxembourg and has 42 additional offices in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam, among others. The 
company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. 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. 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-05 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Corestate Capital Holding S.A. 
              4, Rue Jean Monnet 
              L-2180 Luxembourg 
              Luxemburg 
Phone:        +49 69 3535630-107 
Fax:          +49 69 3535630-29 
E-mail:       IR@corestate-capital.com 
Internet:     www.corestate-capital.com 
ISIN:         LU1296758029 
WKN:          A141J3 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1192509 
 
End of News   DGAP News Service 
=------------ 

1192509 2021-05-05

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192509&application_name=news 
 

(END) Dow Jones Newswires

May 05, 2021 01:13 ET (05:13 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CORESTATE CAPITAL HOLDING S.A. 0.00% 11.2 Delayed Quote.-23.29%
DJ INDUSTRIAL -1.39% 33794.2 Delayed Quote.13.51%
SDAX -0.69% 15486.9 Delayed Quote.5.61%
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Financials
Sales 2021 230 M 278 M 278 M
Net income 2021 30,8 M 37,2 M 37,2 M
Net Debt 2021 371 M 448 M 448 M
P/E ratio 2021 10,1x
Yield 2021 2,65%
Capitalization 287 M 350 M 347 M
EV / Sales 2021 2,87x
EV / Sales 2022 2,45x
Nbr of Employees 757
Free-Float 96,9%
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Mean consensus HOLD
Number of Analysts 5
Average target price 16,38 €
Last Close Price 11,20 €
Spread / Highest target 78,6%
Spread / Average Target 46,2%
Spread / Lowest Target 25,0%
EPS Revisions
Managers and Directors
NameTitle
RenÚ Parmantier CEO & Chairman-Management Board
Lars Schnidrig Chief Financial Officer
Friedrich Munsberg Chairman-Supervisory Board
Nils HŘbener Chief Investment Officer
Hermann Wagner Deputy Chairman-Supervisory Board
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