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.