Berlin, 16. June 2025 – The Management Board of The Grounds Real Estate Development AG (“Company”/ ISIN: DE000A40KXL9) is in discussions with the H.I.G. Capital Group, which also includes the Company’s principal shareholder, regarding the potential takeover of asset management for individual companies of the insolvent Ziegert Group. The conclusion of a corresponding agreement is, of ...
Ad hoc disclosure
Pursuant to Section 17 of the Market Abuse Regulation, The Grounds Real Estate Development AG is obliged to publish insider information, which directly affects itself as an issuer without delay for a period of five years on its web site.
The Grounds acquires a single-family house portfolio in Potsdam and surrounding area
Berlin, 19. December 2024 –Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) concluded a contract to acquire a portfolio of single-family houses. This purchase involves a total of 79 leased terraced and semi-detached houses located in Potsdam and the surrounding area. The purchase price amounts to EUR 20 million. Company contact:The ...
The Grounds Real Estate Development AG: EUR 40 million of equity capital secured
Berlin, 18 December 2024 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) announces that the implementation of the capital increase, in the context of which a fund managed by H.I.G. Capital is participating in The Grounds with a volume of around EUR 40 million, has been secured. The various conditions ...
Capital measures with participation of H.I.G. Capital
Berlin, 9 August 2024 – The Grounds Real Estate Development AG (“Company” / ISIN: DE000A2GSVV5) is now taking the next steps in connection with the strategic partnership with funds managed by H.I.G. Capital announced in the ad hoc announcement of 13 October 2023. The capital increase announced in this ad hoc announcement is now to ...
The Grounds adjusts sales revenues and earnings forecast for 2023 as announced
Berlin, 24 January 2024 – Today, as already announced in ad-hoc notifications of 27 and 28 December, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) adjusted its sales revenues and earnings forecast for the 2023 financial year, and now anticipates annual sales revenues of around EUR 22 to 23 million (previous: between ...
The Grounds cancels purchase contract and receives compensation payment
Berlin, 28 December 2023 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) cancelled the contract concluded on 18 March 2022 for the sale of the Terra Homes project in Erkner with a sales volume of EUR 18.5 million. The contract was cancelled by mutual agreement at the request of the ...