Corestate Group: Madeleine Fund acquires trend-setting office building in first CO2-neutral district of Paris

Corestate Group: Madeleine Fund acquires trend-setting office building in first CO₂-neutral district of Paris

Paris, 4 February 2022. Corestate subsidiary STAM Europe has acquired the Tribu office building from the real estate developer Linkcity as part of a forward purchase of the first phase of the urban development project 'Îlot Fertile - Triangle Eole Evangile' in the 19th arrondissement of Paris for the Madeleine Fund initiated by it. The Tribu will feature 7,000 m² of state-of-the-art flexible office space, spacious floors flooded with light, terraces and gardens. Numerous environmental certificates such as BREEAM Excellent, HQE Excellent and Biodivercity demonstrate the forward-looking ecological construction methods.

Îlot Fertile is the first district in Paris to commit to being carbon neutral within 10 years, and sees itself as a model for the city of tomorrow that is exemplary in terms of the environment and quality of use across a wide range of uses. In addition to the Tribu office building, Îlot Fertile includes an urban logistics base, shops, residential properties (including social housing and multi-generational housing), a youth hostel and an urban sports centre.

Further information: https://tribu-paris.fr/

Press contact

Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
jorge.person@corestate-capital.com

Investor Relations contact

Thomas Fritsche
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 € 27 billion in assets under management (as of 31 Dec 2021). 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 850 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 and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit www.corestate-capital.com for further information.

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.