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OFFON

CORESTATE CAPITAL HOLDING S.A.

(CCAP)
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PRESS RELEASE: Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum

05/27/2021 | 01:02am EST
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate 
Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum 
2021-05-27 / 07:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corestate sells Limes Park in Sulzbach, near Frankfurt, to Quantum 
  . Attractive multi-tenant investment property with diversified rental income 
  . Flexible-use ensemble offering approximately 22,300 m² of rental space 
  . Light industrial portfolio at Quantum expanded 
  . Corestate's institutional clients benefit from proven active asset management approach 
Frankfurt, 27 May 2021. Real estate investment manager Corestate has successfully sold 'Limes Park' in Sulzbach 
(Taunus) near Frankfurt am Main. It has been bought by Quantum Immobilien AG, which has now acquired another light 
industrial property for an investment vehicle it manages. The parties have agreed not to disclose the purchase price. 
Limes Park at Otto-Volger-Straße 1-9 is an ensemble of six buildings, which were completed in the years 1991 and 1992. 
The diversified plot comprises a total of approximately 22,300 m² of rental space. Approximately 13,000 m² of this 
total area is used for offices, and the remaining 9,300 m² is available to tenants from various industries as 
individually tailored storage, workshop and office space. What's unique is that the storage and production space on the 
ground floor can also be flexibly combined with the office space in the upper floors. The high occupancy rate 
emphasizes the appeal of this usage concept, which is only found in a few places in the Frankfurt region. 
Prior to the purchase by Quantum, Corestate held the property since 2018 in the open-ended special AIF 'Opportunity 
Deutschland I', which focuses on residential and commercial real estate and is predominantly aimed at institutional 
investors. The fund volume, which currently boasts a portfolio of approximately 13 properties, stands at around EUR 400m. 
Hansainvest is acting as the Service KVG. 
Nils Hübener, Chief Investment Officer at Corestate: "Thanks to our many years of experience in active asset 
management, we were able to take the Limes Park in the sought-after location near Frankfurt and turn yet another 
property into a very successful investment for our institutional clients. The Opportunity Deutschland fund I is 
primarily invested in pension funds, for whom we offer exactly what they are looking for - namely a constant basic 
return from rental income." 
Arndt Buchwald, managing director at Quantum Immobilien Kapitalverwaltungsgesellschaft: "The purchase of Limes Park 
complements our light industrial portfolio perfectly. The property is located in the middle of the Rhine-Main region, 
which we classify as a future-proof region with a sustained high demand for light industrial real estate. The location 
also boasts excellent transport links, a crisis-resistant mix of tenants from the fields of research and technology, an 
attractive return and potential for future value growth, with the result that Limes Park meets all of our investment 
goals." 
Limes Park is located in the Gewerbegebiet West commercial park in the south of Sulzbach. The Main-Taunus-Zentrum (MTZ) 
is one of the most popular and largest shopping centres in the Rhine-Main region, offering an extensive range of 
shopping and dining options just a few hundred metres away. Sulzbach (Taunus) borders Frankfurt am Main. It is 15 km 
away from Frankfurt city centre, 18 km from Frankfurt Airport and 35 km away from the state capital of Wiesbaden. 
apollo real estate GmbH & Co. KG was the real estate agent involved in the transaction. Quantum obtained legal advice 
from Linklaters LLP, and technical advice from WITTE Projektmanagement GmbH. ES EnviroSustain GmbH carried out the 
buyer's ESG due diligence for the property. 
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) 
CORESTATE is an investment manager and co-investor with around EUR 28 billion 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 some 800 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 (SDAX) and operates as a respected 
business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 
countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit 
www.corestate-capital.com for further information. 
About QUANTUM 
Since it was founded in 1999, Quantum Immobilien AG has stood for promising project development, attractive 
institutional investment products and the holistic management of real estate investments. It focuses its activities on 
metropolitan regions in Germany. The project development division realises both its own projects and joint ventures 
within the framework of entrepreneurial investments. To date, properties with an area of over 1,350,000 m2 have been 
built. Other projects measuring over 250,000 m² are currently under construction or in development. The transaction 
volume amounts to approximately EUR 4.9bn. 
In the funds business, Quantum offers tailor-made solutions for institutional investors through its own financial 
investment management company (Kapitalverwaltungsgesellschaft), such as special real estate funds or alternative 
investment products. Assets under management total approximately EUR 8.2bn. 
Press contact 
Quantum Immobilien AG 
Nadine Wiencke 
+49 40 41 43 30 - 542 
nwi@quantum.ag 
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. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-27 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:  1201108 
 
End of News   DGAP News Service 
=------------ 

1201108 2021-05-27

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1201108&application_name=news 
 

(END) Dow Jones Newswires

May 27, 2021 01:01 ET (05:01 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CORESTATE CAPITAL HOLDING S.A. 22.08% 9.345 Delayed Quote.-35.99%
DJ INDUSTRIAL -1.34% 34022.04 Delayed Quote.12.67%
SDAX 2.02% 16556.42 Delayed Quote.12.13%
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Sales 2021 250 M 283 M 283 M
Net income 2021 34,9 M 39,5 M 39,5 M
Net Debt 2021 434 M 491 M 491 M
P/E ratio 2021 7,73x
Yield 2021 3,74%
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EV / Sales 2021 2,78x
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Nbr of Employees 800
Free-Float 76,5%
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Number of Analysts 4
Last Close Price 9,35 €
Average target price 16,00 €
Spread / Average Target 71,2%
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Managers and Directors
RenÚ Parmantier CEO & Chairman-Management Board
Udo Giegerich Chief Financial Officer
Friedrich Munsberg Chairman-Supervisory Board
Tobias Gollnest Chief Investment Officer
Hermann Wagner Vice Chairman-Supervisory Board
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