Brief: Corestate: JV of Sistema Capital Partners and Corestate acquire two high street properties

Corestate Capital Holding SA

13/12/2016 07:30

Dec 13 (Reuters) - Corestate Capital Holding SA  CCAG.F : 
    * Corestate Capital Holding S.A.: Sistema Capital 
Partners/Corestate JV secures 105 million euros retail deals in 
Flensburg and Luebeck to take German high street acquisitions to 
350 million euros for Sistema-led club 
    * Joint venture of Sistema Capital Partners (SCP) and 
Corestate has acquired two high street properties for a total of 
105 million euros ($111.67 million) 
    * Investments will be 70% debt-financed and lift jv's total 
volume of retail real estate deals in germany on behalf of a 
sistema-led club of investors to 350 million euros 
 
Source text for Eikon:  ID:nEQ9Qvjp1  
Further company coverage:  CCAG.F  
 
($1 = 0.9403 euros) 
 
 (Gdynia Newsroom) 
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