News, Transactions

CORESTATE expands to Scandinavia

Aumento Law Firm has assisted Corestate Capital Group in its acquisition of a project for hotel apartments in Enghave Brygge South, central Copenhagen – the first investment made by Corestate in Scandinavia. The work performed by Aumento comprises legal due diligence of the project and all contractual works.

The project is acquired via a forward purchase agreement from Gribskov Group/NPV, who will act as delegated developer for Corestate during the construction phase. The project is located at Landvindingsgade close to the future metro station. The building – once completed – will comprise 248 apartments, a gym, a restaurant, a gastro-to-go-concept and a co-working area across a gross floor area above ground of 12,200 sqm. The building will be operated by Corestate´s serviced apartment brand JOYN and will be part of its micro living platform with an excess of 30,000 student housing and serviced apartment beds across Europe.

Corestate Capital Group, in which Corestate Capital Holding S.A. is the parent company, is an investment manager and co-investor with approximately €26 billion in assets under management. The company is headquartered in Luxembourg, has 42 offices, e.g. in Frankfurt, London, Madrid, Singapore and Zurich, and is listed on the Frankfurt Stock Exchange.

Author


Torben Mauritzen

WORK AREAS Torben’s areas of work are – Corporate and real estate M&A– Company law and corporate governance– Real estate development and construction Torben is a member of both Aumento’s transaction team and Aumento’s real estate team. CLIENTS Torben’s clients include business owners, companies, property owners and investors. Torben’s real estate clients include some of the major social housing management companies in Denmark. Torben also regularly serves public authorities, including municipalities, and thereby knows about political processes. Moreover, Torben has extensive experience in assisting foreign clients with subsidiaries, real estate investments or other current or potential interests in Denmark. COMPETENCIES Torben’s competencies basically consist of a sharp legal mind, an extensive commercial insight and an ability to formulate himself clearly and understandably, also when the issues are complicated, or the fronts are pulled up hard. This is combined with – Specialist knowledge within the above areas of work– More than 25 years of experience as a lawyer, including working with diverse case          types and all types of clients– Extensive industry knowledge, particularly including the real estate, IT-, tourism-, and transport sector APPROACH Torben’s approach is thorough, exploratory, listening to the client, solution-oriented and levelheaded. At the center are the client’s best interests. Unless otherwise specifically appropriate, a tailor-made effort and solution are provided – always with a focus on the solution being immediately usable for the client. For negotiations, Torben meets ready, carefully prepared, and coordinated with the client, thus ensuring the best possible results. Torben take pride in being available to clients – also outside normal working hours.