New Risk • 5h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. High level of non-cash earnings (86% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (€37.4m market cap, or US$42.5m). New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€43.9m market cap, or US$51.4m). New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2022 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (€45.9m market cap, or US$52.1m). Annonce • Apr 25
The Dot Group Limited completed the acquisition of CRM Students Limited from CORESTATE Capital Holding S.A. (XTRA:CCAP). The Dot Group Limited reached a contractual agreement to acquire CRM Students Limited from CORESTATE Capital Holding S.A. (XTRA:CCAP) on October 16, 2023. In related transaction Corestate Capital agreed to sell Upartments. The Agreement will see Dot acquire CRM Students, and its subsidiaries, across the UK and Europe, consisting of over 26,000 beds in seven countries and more than100 properties. The strategic acquisition expands Dot’s combined global footprint into four new European markets: Austria, Italy, Poland and Portugal while substantially expanding its UK footprint. Both transactions are subject to the usual conditions precedent and are expected to be completed during the fourth quarter of 2023. Victoria Henry of Cms Cameron Mckenna Services acted as legal advisor to The Dot Group Limited its acquisition through the vehicle DCRM Ltd of CRM Students Limited.
The Dot Group Limited completed the acquisition of CRM Students Limited from CORESTATE Capital Holding S.A. (XTRA:CCAP) on April 23, 2024. Annonce • Oct 18
The Dot Group reached a contractual agreement to acquire CRM Students Limited from CORESTATE Capital Holding S.A. (XTRA:CCAP). The Dot Group reached a contractual agreement to acquire CRM Students Limited from CORESTATE Capital Holding S.A. (XTRA:CCAP) on October 16, 2023. In related transaction Corestate Capital agreed to sell Upartments. The Agreement will see Dot acquire CRM Students, and its subsidiaries, across the UK and Europe, consisting of over 26,000 beds in seven countries and more than100 properties. The strategic acquisition expands Dot’s combined global footprint into four new European markets: Austria, Italy, Poland and Portugal while substantially expanding its UK footprint. Both transactions are subject to the usual conditions precedent and are expected to be completed during the fourth quarter of 2023. Annonce • May 11
Corestate Capital Holding S.A. Announces Resignation of Mr. Udo Giegerich from Management Board by End of May 2023 CORESTATE Capital Holding S.A. announced that Mr. Udo Giegerich, will resign from the Management Board at his own request and by mutual agreement at the end of May 2023. In the future, the Management Board of Corestate will consist of two members. The CEO Dr. Nedim Cen will be responsible for the finance department. Annonce • Dec 14
CORESTATE Capital Holding S.A. Appoints Stephan Goetschel as Chief Restructuring Officer to the Group Management Board The Supervisory Board of Corestate Capital Holding S.A. (Corestate) has appointed Stephan Goetschel as Chief Restructuring Officer (CRO) to the Group Management Board. Mr. Goetschel will primarily oversee the implementation of the adopted financial restructuring concept and the realignment of the Group, without having any operational responsibility of his own. He holds a degree in law and business administration and most recently served on the Management Board of Pfisterer AG. Together with Izabela Danner and Udo Giegerich the Management Board of Corestate will consist of three members as of January 1, 2023. Price Target Changed • Nov 16
Price target decreased to €6.50 Down from €8.17, the current price target is an average from 3 analysts. New target price is 829% above last closing price of €0.70. Stock is down 92% over the past year. The company is forecast to post a net loss per share of €15.46 next year compared to a net loss per share of €6.29 last year. Reported Earnings • Aug 14
Second quarter 2022 earnings released: €13.83 loss per share (vs €0.47 profit in 2Q 2021) Second quarter 2022 results: €13.83 loss per share (down from €0.47 profit in 2Q 2021). Revenue: -€6.20m (down 109% from 2Q 2021). Net loss: €512.5m (down €527.5m from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 15% compared to a 47% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annonce • Jul 15
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired seven buildings and a total of 54 residential units. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired seven buildings and a total of 54 residential units on July 13, 2022. The first tenants are expected to move in before the end of August 2022.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of seven buildings and a total of 54 residential units on July 13, 2022 Annonce • Jun 08
Special real estate fund Urban Living Nr. 1 the fund managed by Union Investment Institutional GmbH acquired Kontorhaus am Wall in Bremen from CORESTATE Capital Holding S.A. (XTRA:CCAP). Special real estate fund Urban Living Nr. 1 the fund managed by Union Investment Institutional GmbH acquired Kontorhaus am Wall in Bremen from CORESTATE Capital Holding S.A. (XTRA:CCAP) on June 7, 2022. The recently completed Kontorhaus am Wall comprises 86 serviced apartments. The apartments range in size from 22 to 41 sq m and benefit from spacious communal areas on the ground floor and two roof terraces. These furnished apartments have cooking facilities for self-catering and are designed for longer stays of up to six months.
Special real estate fund Urban Living Nr. 1 the fund managed by Union Investment Institutional GmbH completed the acquisition of Kontorhaus am Wall in Bremen from CORESTATE Capital Holding S.A. (XTRA:CCAP) on June 7, 2022. Annonce • May 12
An unknown buyer signed a share purchase agreement to acquire Capera Immobilien Service Gmbh from CORESTATE Capital Holding S.A. (XTRA:CCAP) for €14.5 million. An unknown buyer signed a share purchase agreement to acquire Capera Immobilien Service Gmbh from CORESTATE Capital Holding S.A. (XTRA:CCAP) for €14.5 million on April 21, 2022. Closing of the transaction is expected by the end of May, 2022. Price Target Changed • May 11
Price target decreased to €8.50 Down from €11.38, the current price target is an average from 4 analysts. New target price is 142% above last closing price of €3.51. Stock is down 69% over the past year. The company is forecast to post earnings per share of €0.14 next year compared to a net loss per share of €6.29 last year. Price Target Changed • Apr 27
Price target decreased to €12.13 Down from €13.50, the current price target is an average from 4 analysts. New target price is 50% above last closing price of €8.11. Stock is down 38% over the past year. The company is forecast to post earnings per share of €1.41 next year compared to a net loss per share of €6.29 last year. Reported Earnings • Apr 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: €6.29 loss per share (down from €2.87 loss in FY 2020). Revenue: €217.9m (up 34% from FY 2020). Net loss: €193.9m (loss widened 197% from FY 2020). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 22% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €8.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.82 per share. Buying Opportunity • Mar 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €13.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.7% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.54 (up from €3.04 loss in FY 2020). Revenue: €215.2m (up 8.0% from FY 2020). Net income: €16.5m (up €85.6m from FY 2020). Profit margin: 7.7% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 72%. Over the next year, revenue is forecast to grow 23% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Annonce • Mar 05
Corestate Appoints Nadja Hoppe to the Position of Head of Corporate Finance and Sales Corestate has appointed Nadja Hoppe to the position of Head of Corporate Finance and Sales. She took over the newly designed group function with CEO reporting line on March 1 and will integrate the sales activities along the entire real estate values chain even better in the future. Most recently, she was responsible for the corporate finance team at Corestate Bank and before that accompanied corporate financing and restructuring transactions at NAI Apollo, PricewaterhouseCoopers and Deutsche Bank. Annonce • Feb 03
Stadtquartiere I Fund, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Fünf-Häuser-Quartier from Schoofs Immobilien GmbH for €43 million. Stadtquartiere I Fund, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Fünf-Häuser-Quartier from Schoofs Immobilien GmbH for €43 million on February 2, 2022. Blank Real Estate facilitated the transaction. Legal advice on the buyer´s side was provided by LPA-GGV.
Stadtquartiere I Fund, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of Fünf-Häuser-Quartier from Schoofs Immobilien GmbH on February 2, 2022. Annonce • Jan 27
Corestate Residential Germany Fund II, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Portfolio of 2 Buildings and 3 Commercial Units in Am alten Bootshafen. Corestate Residential Germany Fund II, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Portfolio of 2 Buildings and 3 Commercial Units in Am alten Bootshafen on January 27, 2022.
Corestate Residential Germany Fund II, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of Portfolio of 2 Buildings and 3 Commercial Units in Am alten Bootshafen on January 27, 2022. Annonce • Jan 26
HIH Invest Real Estate GmbH acquired Warnow Park from Highstreet VIII, a fund managef by CORESTATE Capital Holding S.A. (XTRA:CCAP). HIH Invest Real Estate GmbH acquired Warnow Park from Highstreet VIII, a fund managef by CORESTATE Capital Holding S.A. (XTRA:CCAP) on January 24, 2022. Bechtolsheim Real Estate brokered the deal as estate agent. The long-term master tenant of the property is Edeka Nord, a food retail chain that operates an E-Center
hypermarket. Baker Tilly Rechtsanwaltsgesellschaft mbH acted as legal advisor and C.P.H. Projekt- und Baumanagement GmbH provided technical due diligence to HIH Invest Real Estate GmbH.
HIH Invest Real Estate GmbH completed the acquisition of Warnow Park from Highstreet VIII, a fund managef by CORESTATE Capital Holding S.A. (XTRA:CCAP) on January 24, 2022. Annonce • Dec 23
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Laurenz Carré premium project from Gerch Beteiligungen Gmbh. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Laurenz Carré premium project from Gerch Beteiligungen Gmbh on December 21, 2021.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of Laurenz Carré premium project from Gerch Beteiligungen Gmbh on December 21, 2021. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS €0.057 (vs €0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €56.6m (up 21% from 3Q 2020). Net income: €2.20m (down 42% from 3Q 2020). Profit margin: 3.9% (down from 8.1% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Annonce • Sep 24
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired VISION ONE Office campus from Bülow AG for €160 million. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired VISION ONE Office campus from Bülow AG for €160 million on September 22, 2021. Hannover Leasing to provide capital and asset management services.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of VISION ONE Office campus from Bülow AG on September 22, 2021. Executive Departure • Sep 03
Chief Legal & HR Officer Daniel Lohken has left the company On the 31st of August, Daniel Lohken's tenure as Chief Legal & HR Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Daniel's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Executive Departure • Sep 03
Chief Investment Officer Nils Huebener has left the company On the 31st of August, Nils Huebener's tenure as Chief Investment Officer ended after 1.4 years in the role. We don't have any record of a personal shareholding under Nils' name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Price Target Changed • Aug 13
Price target decreased to €15.88 Down from €17.70, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €13.21. Stock is down 13% over the past year. Annonce • Aug 12
CORESTATE Capital Holding S.A. Reaffirms Earnings Guidance for 2021 CORESTATE Capital Holding S.A. reaffirmed earnings guidance for 2021. For the period, the company expects consolidated aggregated revenues and gains of between €235 million and €260 million. Annonce • Aug 11
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Augsburg Offices for €46.6 million. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired Augsburg Offices for €46.6 million on August 10, 2021. Savills Immobilien Beratungs-GmbH acted as broker in the deal.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of Augsburg Offices on August 10, 2021. Annonce • May 28
Quantum Immobilien AG acquired Limes Park in Sulzbach from CORESTATE Capital Holding S.A. (XTRA:CCAP). Quantum Immobilien AG acquired Limes Park in Sulzbach from CORESTATE Capital Holding S.A. (XTRA:CCAP) on May 27, 2021. apollo real estate GmbH & Co. KG was the real estate agent involved in the transaction. Linklaters LLP acted as legal advisor and ES EnviroSustain GmbH acted as due diligence provider for Quantum Immobilien AG.
Quantum Immobilien AG completed the acquisition of Limes Park in Sulzbach from CORESTATE Capital Holding S.A. (XTRA:CCAP) on May 27, 2021. Annonce • May 19
CORESTATE Capital Holding S.A. Provides Earnings Guidance for the Year 2021 CORESTATE Capital Holding S.A. provided earnings guidance for the year 2021. The company confirms the financial outlook for the entire year with aggregated revenues of between EUR 235 million and EUR 260 million. Reported Earnings • Mar 25
Full year 2020 earnings released: €3.04 loss per share (vs €5.11 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €191.6m (down 30% from FY 2019). Net loss: €69.1m (down 164% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Price Target Changed • Mar 06
Price target lowered to €19.75 Down from €28.83, the current price target is an average from 5 analysts. The new target price is 39% above the current share price of €14.19. As of last close, the stock is down 66% over the past year. Is New 90 Day High Low • Feb 25
New 90-day low: €13.35 The company is down 26% from its price of €18.06 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.60 per share. Annonce • Feb 11
CORESTATE Sets Up Open-End Special Aif 'Stadtquartiere I', the First of Its Kind in Germany for Institutional Investors CORESTATE Capital Holding S.A. has set up 'Stadtquartiere I', a new open-end special AIF. This fund is the first of its kind in Germany for institutional investors and thus a pioneer in the promising city quarter asset class. Investments are focused on relevant urban developments in the centre of medium-sized and large cities in Germany, which enhance and determine the quality of the respective location. Corestate is aiming to achieve a target volume of around ? 500 million. Hannover Leasing, an in-house investment management company, is responsible for managing the fund. Annonce • Feb 09
CORESTATE Capital Holding S.A. Appoints Philipp Ellebracht as Managing Director and Group Head of Sales CORESTATE Capital Holding S.A. announced the appointment of Philipp Ellebracht as Managing Director and Group Head of Sales. Ellebracht is responsible for managing and further developing all of Corestate's sales activities and reports directly to CEO René Parmantier. In addition, Ellebracht is a member of the Investment Committee and the Operational Committee, two of the Group's main steering committees. He previously worked for the British real estate investment company Schroder Real Estate for nearly ten years. Douglas Edwards is leaving the company as part of the organisational adjustments. Annonce • Jan 26
Sirius Real Estate Limited (LSE:SRE) and AXA Investment Managers acquired Sigma Technopark in Augsburg from Corestate Opportunity Deutschland I, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP), for €80 million. Sirius Real Estate Limited (LSE:SRE) and AXA Investment Managers acquired Sigma Technopark in Augsburg from Corestate Opportunity Deutschland I, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP), for €80 million on January 25, 2021. As per the transaction, Sigma Technopark will be rebranded as a Sirius business park. NAI Apollo acted as broker to CORESTATE Capital Holding S.A.
Sirius Real Estate Limited (LSE:SRE) and AXA Investment Managers completed the acquisition of Sigma Technopark in Augsburg from Corestate Opportunity Deutschland I, managed by CORESTATE Capital Holding S.A. (XTRA:CCAP), on January 25, 2021. Annonce • Jan 15
CORESTATE Capital Holding S.A. Announces Appointment of Sebastian Ernst and Johannes Märklin as Members of the Management Board CORESTATE Capital Holding S.A. announced that AFS founders and shareholders Sebastian Ernst and Johannes Märklin are appointed as Members of the Management Board of Corestate with immediate effect for a term of three years. They will also become members of the board of directors of HFS. Major Estimate Revision • Jan 07
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €0.61 to €0.68. Revenue estimate for the same period was approximately flat at €201.3m. Net income is expected to shrink by 17% next year compared to 1.9% growth forecast for the Real Estate industry in Germany . The consensus price target of €26.38 was unchanged from the last update. Share price is down by 3.5% to €14.09 over the past week. Major Estimate Revision • Dec 03
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €0.55 to €0.61. Revenue estimate for the same period was approximately flat at €200.7m. Net income is expected to shrink by 15% next year compared to 3.2% decline forecast for the Real Estate industry in Germany. The consensus price target was lowered from €27.40 to €26.56. Share price is down by 17% to €15.05 over the past week. Valuation Update With 7 Day Price Move • Dec 01
Market pulls back on stock over the past week After last week's 18% share price decline to €14.56, the stock is trading at a trailing P/E ratio of 5.1x, down from the previous P/E ratio of 6.2x. This compares to an average P/E of 12x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 65%. Annonce • Dec 01
Corestate Capital Holding S.A. Announces Management Changes CORESTATE Capital Holding S.A. announced that Dr. Georg Allendorf, Mr. Timothy Blackwell, Dr. Gabriele Apfelbacher, Mr. Olaf Klinger and Mr. Marc Drie-en have resigned from office with immediate effect. As proposed by Vestigo Immobilien Investments Limited Partnership, in order to implement a strategic development of the Company and in accordance with the articles of association of the Corestate Capital Holding S.A., Mr. Friedrich Munsberg, Prof Dr. Hermann Wagner and Dr. Friedrich Oelrich were unanimously appointed as new members of the Supervisory Board. Mr. Friedrich Munsberg takes over the function of chairman of the Supervisory Board. Prof. Dr. Hermann Wagner has been elected as Deputy Chairman of the Supervisory Board and also as Chairman of the Audit Committee. Major Estimate Revision • Nov 19
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from €0.74 to €0.55. No change was made to the revenue estimate which at the last update was €201.5m. Net income is expected to shrink by 8.5% next year compared to 7.9% decline forecast for the Real Estate industry in Germany. The consensus price target of €27.40 was unchanged from the last update. Share price is up 4.6% to €16.97 over the past week. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to stay flat compared to a 32% decline forecast for the Real Estate industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €0.18 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €48.0m (down 11% from 3Q 2019). Net income: €3.80m (down 74% from 3Q 2019). Profit margin: 7.9% (down from 27% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 11
Price target lowered to €27.40 Down from €30.22, the current price target is an average from 8 analysts. The new target price is 69% above the current share price of €16.22. As of last close, the stock is down 50% over the past year. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 23% share price gain to €16.22, the stock is trading at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 3.9x. This compares to an average P/E of 12x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 63%. Annonce • Oct 06
Corestate Capital Holding S.A. Announces Board Changes The Supervisory Board of Corestate Capital Holding S.A. appointed Mr. Klaus Schmitt with effect as of 1 January 2021 for a term of 3 years as new Chairman of the Management Board (CEO) of the Company and announced that the Management Board will be expanded to four members. Schmitt will take over the position as Chairman of the Management Board from Lars Schnidrig, who is leaving the Company on 31 December 2020 with the best mutual agreement and at his own request to take on a new professional challenge. The Supervisory Board also appointed Daniel L-hken to the Management Board as Chief Legal and HR Officer; a Management Board member for the finance department will be appointed soon. Klaus Schmitt has around 25 years of experience in the real estate industry and was member of the Management Board of Patrizia AG for more than 14 years. Daniel L-hken, born 1978, has so far been responsible for Legal, Compliance, Risk Management, Human Resources and Internal Audit within the Corestate Group. Annonce • Sep 24
CORESTATE Capital Holding S.A. announced that it has received €74.601327 million in funding CORESTATE Capital Holding S.A. (XTRA:CCAP) announced a private placement of 4,186,382 shares at a price of €17.82 per share for gross proceeds of €74,601,327.24 on September 11, 2020. The transaction included participation from qualified investors. The shares issued are subject to lock-up period of 90 days. Pursuant to the transaction, the share capital of the company increased to €1,924,952.15. The transaction has been approved by board of directors of the company. Annonce • Sep 18
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired The Q in Nuremberg from Gerchgroup AG for approximately €300. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired The Q in Nuremberg from Gerchgroup AG for approximately €300 million on September 18, 2020.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of The Q in Nuremberg from Gerchgroup AG on September 18, 2020. Annonce • Aug 23
CORESTATE Capital Holding S.A. Do Not Provide Earnings Guidance for the Fiscal Year 2020 CORESTATE Capital Holding S.A. do not provide earnings guidance for the fiscal year 2020. Due to the continuing global uncertainties results from the COVID-19 pandemic, the company is not year able to publish a detailed financial outlook for the ongoing fiscal year. Especially the risk of a second wave of infections resulting in further unpredictabilities in the market significantly hampers resilient forecasts on potential fees from transactions or income from alignment capital and warehousing. Investors currently show low risk appetite and tend to postpone investment decisions. The company although expects the sentiment to improve in the fourth quarter. Moreover, Corestate anticipates stable revenues from asset and property management and a stable cost base. As soon as reliable planning is feasible, the company will publish a financial outlook for 2020. Annonce • Jul 31
CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired T-Twins 1 GmbH and T-Twins 2 GmbH and T-Twins BV GmbH. CORESTATE Capital Holding S.A. (XTRA:CCAP) acquired T-Twins 1 GmbH and T-Twins 2 GmbH and T-Twins BV GmbH on December 11, 2019. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft provided due diligence to CORESTATE in the transaction.
CORESTATE Capital Holding S.A. (XTRA:CCAP) completed the acquisition of T-Twins 1 GmbH and T-Twins 2 GmbH and T-Twins BV GmbH on December 11, 2019. 
