Press releases

Building development plan for the urban district in the Stuttgart metropolitan region is legally finalised

Corporate News

The Grounds Real Estate Development AG: Building development plan for the urban district in the Stuttgart metropolitan region is legally finalised

Berlin, 21 August 2019. The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) is currently finalising building applications for the urban district planned in Heubach (Stuttgart metropolitan region), and expects to submit them by early October 2019 at the latest. The building development plan has been finally agreed with Heubach municipal council and is now legally finalised. It provides for 7,711 m² of living area, including owner-occupied apartments and a nursing home for approx. sixty residents together with day-care, on a site area of around 10,700 m². Furthermore, “age-appropriate” sheltered housing will also be built, together with sufficient play opportunities in the area of the owner-occupied apartments. The guiding principle of living in harmony with nature is the main focus in this respect. The intention, therefore, is also to construct a combined heat-and-power plant, and the buildings will be planned in accordance with the KfW-55 energy-efficient building standard. Start of construction work is planned for May/June 2020.

For marketing, a well-known sales partner in Southern Germany has been gained, with whom the sales presentations are now being prepared and floor plans fine-tuned.

The Grounds Real Estate Development AG
Thomas Prax
Management Board Chairman
Leipziger Platz 3, 10117  Berlin
T. +49 (0) 30 2021 6866
F. +49 (0) 30 2021 6849

Ingo Janssen
Managing Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg
T. +49 (0) 40 6378 5410
F. +49 (0) 40 6378 5423

Corporate information

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.