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par Corestate Capital Holding S.A. (isin : LU1296758029)

EQS-Adhoc: Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management

EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Disposal
Corestate Capital Holding S.A.: Corestate disposes CRM Students – focus on core business asset management

16-Oct-2023 / 11:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Corestate disposes CRM Students – focus on core business asset management

 

Luxembourg, 16 October 2023 – The Board of Management of Corestate Capital Holding S.A. ("Corestate") has decided today to sell CRM Students Ltd, Oxford ("CRM") and thereafter Upartments Real Estate GmbH, Leipzig ("Upartments") to Dot Group, London. The associated carve-out of the student and serviced apartment operations is part of Corestate's strategic focus on asset and investment management as its core business. Both transactions are subject to the usual conditions precedent and are expected to be completed during the fourth quarter of 2023. Corestate expects a total cash inflow of around € 13 million, including the repayment of intra-group financing and positions from working capital. The cash inflows will increase the redemption capacity of the Group provided for in the restructuring concept.

Notifying person:
Dr. Kai Gregor Klinger
Chief Markets Officer
T: +49 69 3535630107
M: +49 152 22755400
ir@corestate-capital.com

 



End of Inside Information

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Language:English
Company:Corestate Capital Holding S.A.
4 Rue Jean Monnet
2180 Luxembourg
Luxemburg
Phone:+49 69 3535630-107
Fax:+49 69 3535630-299
E-mail:IR@corestate-capital.com
Internet:www.corestate-capital.com
ISIN:LU1296758029
WKN:A141J3
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1749637

 
End of AnnouncementEQS News Service

1749637  16-Oct-2023 CET/CEST

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