Corporate News

The Grounds Real Estate Development AG reports changes in its shareholder structure: Deutsche Balaton AG directly and indirectly holds over 25%

Berlin, 18 February 2020. The Executive Board of The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) has been informed by Deutsche Balaton AG, Heidelberg, that over a quarter of the share capital of The Grounds Real Estate Development AG is attributable to Deutsche Balaton AG together with SPARTA AG, Hamburg and the VV Beteiligungen Aktiengesellschaft, Heidelberg, through shares held directly and indirectly.

 

Contact:
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
E-Mail: info@thegroundsag.com
Web: www.thegroundsag.com

UBJ. GmbH
Ingo Janssen
Managing Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg
T. +49 (0) 40 6378 5410
F. +49 (0) 40 6378 5423
E-Mai: ir@ubj.de
Web: www.ubj.de


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.

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