Corestate subsidiary Hannover Leasing to ensure seamless tenant transition on 15,000 sqm in Amsterdam office complex 'Piet Hein Buildings'

Corestate subsidiary Hannover Leasing to ensure seamless tenant transition on 15,000 sqm in Amsterdam office complex 'Piet Hein Buildings'

• Successful letting in a difficult market environment thanks to professional asset management
• Full occupancy of around 32,000 sqm and a solid, diversified tenant base
• Growth company Takeaway.com the new anchor tenant of the top property

Frankfurt, 4 March 2021. Hannover Leasing, a subsidiary of the real estate investment management company Corestate, has seamlessly let a large space of close to 15,000 sqm in the top office complex 'Piet Hein Buildings' in Amsterdam that it manages. The space is to become vacant on 30 June and is being let to Takeaway.com despite the current challenging office market. The building completed in 2013 was acquired at the end of 2016 as part of a club deal structured by Hannover Leasing.

Michael Kitzing, Head of Asset Management at Hannover Leasing: "With our many years of experience in active asset management, we have developed this prominent property in the heart of Amsterdam into a profitable yield property for our clients. It is only because we started to sound out the market at an early stage and have a very strong team with the best market access in the Benelux countries that we were able to avoid the vacancy costs that often arise. With Takeaway.com, we have also located a high-growth company as a tenant that intends to turn 'Piet Hein Buildings' into its headquarters."

Located in the centre of Amsterdam, the 'Piet Hein Buildings' property, with around 32,000 square metres of lettable space and 366 parking spaces, is just a few minutes' walk from the Central Station. Its unique location offers occupants all the advantages of office space in the city centre, excellent accessibility by all means of public transport, complemented by excellent accessibility by car. The complex is fully let and has a solid, diversified tenant base. Takeaway.com is an internationally operating online provider of delivery services for food service businesses based in Amsterdam. Booking.com is the current anchor tenant of the newly leased space.

Press contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
[email protected]

Investor relations contact
Mario Groß
T: +49 69 3535630-106 / M: +49 162 1036025
[email protected]

About CORESTATE Capital Holding S.A.

CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with roughly € 28 bn in assets under management. As a fully integrated real estate platform, CORESTATE offers its customers combined expertise in the areas of investment and fund management as well as property management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 additional offices in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam, among others. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. 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.