16.10.2023 11:27:38 - dpa-AFX: EQS-Adhoc: Corestate Capital Holding S.A.: Corestate disposes CRM Students - focus on core business asset management (english)

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.

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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 EUR 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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16-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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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 Announcement EQS News Service
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1749637 16-Oct-2023 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CORESTATE CAPITAL EO-,075 A141J3 Frankfurt 0,548 28.05.24 14:52:32 +0,048 +9,60% 0,000 0,000 0,522 0,500

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