Press releases

General information on The Grounds Real Estate Development AG.

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

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...

Magdeburg City Council approves land development plan and sets course for the future of Börde Bogen

Berlin, 13 June 2022 – In its meeting on Thursday, 9 June 2022, Magdeburg City Council approved the building development plan memorandum for the "Southern Sieverstorstrasse 174-2" area on which the Börde Bogen project is to be realised in the coming years...

The Grounds and Deutsche Habitat have entered into a joint venture for residential property project development in Blankenfelde-Mahlow

Berlin, 9 June 2022 – The Grounds Real Estate Development AG acquired a 51 percent stake in a project development in Blankenfelde yesterday. The seller of the shares is Deutsche Habitat GmbH from Berlin, which will realise the project in the future together with The Grounds as a joint venture partner...

The Grounds entirely sells the “Property Garden” in Magdeburg

Berlin, 26 April 2022 – The Grounds Real Estate Development AG, only around eight months after first documentation in August 2021, has concluded the purchase contract for the last residential unit still available in the “Property Garden” project at Halberstädter Strasse 153 / 155 in Magdeburg...

The Grounds successfully closes the 2021 financial year, and again increases consolidated EBIT and Group earnings

Berlin, 13.04.2022 – The Grounds Real Estate Development AG successfully closed the 2021 financial year with consolidated sales revenues of EUR 31.6 million (previous year: EUR 31.3 million) and a consolidated EBIT (Earnings Before Interest and Taxes) considerably increased to EUR 9.2 million (previous year: EUR 6.1 million), thereby surpassing each of the 2021 annual forecast values by more than a third...

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