The Grounds Real Estate Development AG achieves consolidated group revenues of TEUR 18,945 and an EBT of TEUR 1,355 in the 2017 financial year
Ad-hoc Announcement Pursuant to Art. 17 Market Abuse Regulation
Berlin, 19 April 2018 – In the context of the realignment that took place in 2017, The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) achieved significant growth in its first financial year. Based on preliminary and as yet unaudited figures for group sales revenues of TEUR 18,945 (planned TEUR 19.265) and an overall performance of TEUR 19,059, The Grounds, a portfolio holder with a clear focus on acquisition, project development and the sustainable management of residential real estate properties in Germany, achieved earnings before taxes (EBT) of TEUR 1,355 (planned 1,587) and a consolidated group result of TEUR 1,197 (planned 1,648).
End of ad hoc announcement
The Grounds Real Estate Development AG
Leipziger Platz 3, 10117 Berlin
T. +49 (0) 30 2021 6866
F. +49 (0) 30 2021 6849
Haus der Wirtschaft, Kapstadtring 10
T. +49 (0) 40 6378 5410
F. +49 (0) 40 6378 5423
Acquisition, project development and sustainable residential property management
The Grounds Group focuses on buying and developing residential property and, as a full-service provider for the business areas Investment (including property and asset management), Development and Trading, they have made it their goal to provide affordable living space for different life stages. The emphasis is on residential property, particularly also special real estate such as student and retirement living in German metropolitan regions and attractive locations such as aspiring outskirts in Germany. As a portfolio holder their medium-term aim is to establish a significant high quality real estate portfolio at a magnitude of EUR 500 million through investments and in-house development, allowing stable profits together with attractive dividend payments to The Grounds shareholders. The Grounds seeks to position themselves as one of the leading German real estate companies by creating added value within the scope of housing development and subsequent development of market capitalisation.
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