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Press releases

General information on The Grounds Real Estate Development AG.

 

 

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...

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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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The Grounds acquires a residential complex in Fehrbellin

Berlin, 01.04.2022 – The Grounds Real Estate Development AG has acquired a plot of land with a residential complex in Fehrbellin (Brandenburg)...

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The Grounds sells Terra Homes project development in Erkner near Berlin in the context of a forward sale

Berlin, 18.03.2022 – Today, the Grounds Real Estate Development AG concluded a contract to sell the Terra Homes project development in Erkner. Disposal took place in the framework of a forward sale...

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The Grounds The Grounds gains joint venture partner for Börde Bogen project development in Magdeburg

Berlin, 22.12.2021 – The Grounds Real Estate Development AG concluded a contract today for the sale of a majority holding of 51% percent of the shares in the project company for the Börde Bogen project development in Magdeburg...

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