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The Grounds acquires a 5,560 m2 plot in Königs Wusterhausen

  • Residential building project planned
  • Attractive location southeast of Berlin

Berlin, 13.07.2022 – The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) concluded the contract to purchase a 5,560 m2 plot of land in Königs Wusterhausen yesterday. Once legal building requirements have been obtained, the company plans to implement a residential construction project here.

The plot is located in the city centre. All essential infrastructure facilities needed for everyday life are situated in the immediate vicinity, including in particular kindergartens and schools. The University of Applied Sciences for Finance, and the Justice Academy of the State of Brandenburg, are within walking distance.

Jacopo Mingazzini, Board Member of The Grounds, says: “By purchasing the land in Königs Wusterhausen, we have created the starting point for another residential building project in the Berlin area. The region to the south-east of Berlin in particular has recently received significant impetus from the arrival of Tesla and the opening of BER Airport. These are likely to continue or even intensify further in the coming years. The population in Königs Wusterhausen alone grew from 33,747 in 2011 to 38,898 by the end of March 2022, an increase of more than 15%. Against this background, we anticipate sustained demand for housing in the town and its immediate surroundings.”


Company contact:
The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, Management Board
Charlottenstrasse 79-80, 10117 Berlin, Germany
Tel.: +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849
E-mail: info@tgd.ag
Web: www.thegroundsag.com

Investor Relations:
Ingo Janssen, Managing Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg, Germany
Tel.: +49 (0) 40 6378 5410
E-mail: ir@ubj.de
Web: www.ubj.de

Press contact:
Peter Dietze-Felberg
Wallstrasse 16
10179 Berlin, Germany
Tel.: +49 (0) 30 284 49 87 62
E-mail: dietze@rueckerconsult.de
Web: www.rueckerconsult.de

About The Grounds
The Grounds Group realises housing projects in German metropolitan regions. In addition, The Grounds Group holds a steadily growing residential portfolio as fixed assets. The Grounds Real Estate Development AG is listed in the Düsseldorf Stock Exchange's OTC segment Primärmarkt (ISIN: DE000A2GSVV5), has its seat in Berlin and an office in Stuttgart.

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