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Lars Schnidrig

Last update July 21, 2021 | Report an error

Career

Corestate appoints René Parmantier as the Board of Directors Chairman

Corestate Capital Group (Corestate), one of Europe's leading independent real estate investment managers, has decided to appoint René Parmantier as Chairman of the Management (...)

Career

Klaus Schmitt to become CEO at Corestate

The Supervisory Board of Corestate Capital Group has announced that Klaus Schmitt, most recently a member of the Management Board of Patrizia AG, will (...)

Logistics

Stam Europe launches €250m logistics and light industrial JV, buys French 62,000 sqm logistics platform

Stam Europe, a subsidiary of real estate investment manager Corestate Capital, has partenered with a North American institutional investor to launch their second investment program (...)

Finance

Corestate closes acquisition of Stam Europe, confirming its entry into France

Frankfurt-listed investment manager Corestate Capital Holding closed today the acquisition of Stam Europe, a Paris-based real estate investment manager, after the French regulatory authority (...)

Housing

German listed Corestate, US Bain agree €500m Polish student housing partnership

German listed Corestate Capital has agreed a €500m financing and coinvestment partnership in Polish Micro-Living with Bain Capital aimed at converting properties into student housing. Bain Capital (...)

Housing

Corestate adds first Spain property for JOYN biz apartment brand, eyes 10

Corestate Capital Holdings, listed in Luxembourg, has acquired the first Spanish property for its JOYN brand business apartments in Madrid, and aims to have 10 operational (...)

Retail

Corestate places German mixed portfolio with annual rent of €17m

Corestate Capital has placed a large German mixed portfolio with total GLA of 121,000 sqm. With annual rental income of €17.4m, this indicates a (...)

Housing

Corestate extends Spain micro-living to €230m with Barcelona asset

Frankfurt-listed investment manager Corestate is developing another micro- living project in Spain to take its total strategy investment in the nation to €230m for (...)

Listed

Corestate says business plan 2019 is on track after 16% share price slide

Frankfurt-listed Corestate Capital has reiterated that its business plan 2019 is on track, following a 16% slide in its share price late Wednesday. In a (...)

Listed

Frankfurt-listed Corestate pays €86m for Berlin office in JV with Carlyle, Bluerock

Frankfurt-listed Corestate Capital has entered a joint venture with the US Carlyle group and the Swiss Bluerock to purchase Berlin's Tempelhof Twins office block (...)

Listed

Corestate 1H net slips to €48m; says French STAM buy is key to European platform

Frankfurt-listed Corestate Capital reported a slip in 1H19 net to €47.8m and said its takeover of French manager STAM is a key step toward (...)

Listed

Frankfurt's Corestate acquires French investment manager STAM Europe

In a deal that will boost managed assets by €2bn, Frankfurt-listed Corestate Capital is acquiring French real estate investment manager STAM Europe. No financial details (...)

Listed

Corestate takes JOYN Serviced Apartments to €600m with Bremen asset

Listed investment manager Corestate Capital has acquired a property in Bremen for its micro-living portfolio, taking its Serviced Apartments line JOYN to a volume (...)

Listed

Corestate to expand product range, increasing focus on micro-living, private debt

Frankfurt-listed Corestate Capital will significantly expand its product range particularly in micro-living and private debt, with the latter focusing notably on residential projects.  In a (...)

Retail

Corestate closes Highstreet VIII fund at €250m investment volume

Frankfurt-listed Corestate Capital says it has closed its high street retail fund Highstreet VIII reaching the target investment volume of €250m by adding its (...)

Listed

Corestate names Schnidrig new CEO, confirms 2019 net profit target

Germany-focused Corestate Capital has named Lars Schnidrig as new CEO, extended CIO Thomas Landschreiber's contract and confirmed a 2019 net profit target up to €140m. The appointment of Schnidrig, until (...)

Listed

Germany-focused Corestate beats forecast with 45% net rise to €135m

Germany-focused listed manager Corestate boosted net profit in 2018 by 45% to €135m, beating an earlier forecast according to preliminary figures, and will propose (...)

Listed

Luxembourg's Corestate at year-end terminates contract of CEO Bütter

In a sudden announcement at year-end, Luxembourg-registered Corestate Capital said it has terminated the contract of Chief Executive Michael Bütter, in the post only since (...)

Listed

Luxembourg's Corestate Capital boosts 1H net to €61m, sees positive outlook

Listed Luxembourg-based investment manager Corestate Capital reported a 167% surge in first half adjusted net profit to €60.9m, and said it is internationalising in product and (...)

Finance

Corestate Capital sees €93m for 2017 net, forecasts one-third rise in 2018

German property group Corestate Capital said it estimates net 2017 profit of €93m, for which the board will propose a €2.00 dividend, and in a release (...)