Retrieved on:
Saturday, December 30, 2023
Berlin, 28 December 2023 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) cancelled the contract for the sale of the Terra Homes project in Erkner that was concluded on 18 March 2022.
Key Points:
- Berlin, 28 December 2023 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) cancelled the contract for the sale of the Terra Homes project in Erkner that was concluded on 18 March 2022.
- The contract was cancelled by mutual agreement at the buyer’s request.
- An integral part of the agreement is a compensation payment of the amount of EUR 5.55 million to The Grounds.
- Jacopo Mingazzini, Management Board of The Grounds, says: “Cancellation of the purchase contract at the buyer’s request has no impact on further progress of the project, which is being continued by The Grounds as planned.
Retrieved on:
Tuesday, October 17, 2023
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Grounds Realty Moves ahead with Strategic Investment in The Grounds
Key Points:
- Realty Moves ahead with Strategic Investment in The Grounds
The issuer is solely responsible for the content of this announcement.
- Capital (“H.I.G.”), has made funding in the amount of EUR 10 million available to The Grounds Real Estate Development AG (“The Grounds” / ISIN: DE000A2GSVV5) by acquiring a bond that was issued by The Grounds.
- The transaction was structured as a senior secured bond on the level of The Grounds as parent company and is earmarked for financing investments in ongoing development projects of The Grounds.
- Jacopo Mingazzini, CEO of The Grounds, said: “The collaboration with an equity-rich and experienced strategic investment partner like H.I.G.
Retrieved on:
Monday, September 25, 2023
Sale,
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Saskatchewan River Sturgeon Management Board,
Heat,
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Environment,
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Grounds Construction progress is on schedule for current projects in Berlin, Magdeburg and Erkner
Key Points:
- Construction progress is on schedule for current projects in Berlin, Magdeburg and Erkner
Berlin, 22 September 2023 – The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) achieved group sales revenues totalling EUR 16.2 million in the first half-year of 2023 (H1 2022: EUR 21.4 million).
- Against this background, the major part of the sales revenue achieved was accounted for by construction measures calculated according to the “percentage of completion” method.
- As a consequence, The Grounds experienced a group loss of EUR 1.1 million in the first half of 2023.
- Commenting on the business development in the first half-year, Jacopo Mingazzini, Management Board of The Grounds, says: “The general conditions for the entire real estate sector were very difficult in the first half of the year.
Saskatchewan River Sturgeon Management Board,
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Grounds This corresponds to an increase of more than 16% compared to consolidated sales of EUR 31.6 million in the previous year.
Key Points:
- This corresponds to an increase of more than 16% compared to consolidated sales of EUR 31.6 million in the previous year.
- Thus the balance sheet total of The Grounds has more than quadrupled within just three years.
- In the property and portfolio development area, The Grounds was able to completely sell the “Terra Homes” project in Erkner near Berlin in a forward sale during fiscal year 2022.
- The significant increase in sales was not reflected in a corresponding increase in earnings due to lower sales margins.
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Friday, September 23, 2022
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Grounds Group EBIT rises by around 81% to EUR 2.9 million (H1 2021: EUR 1.6 million); consolidated profit after tax of EUR 1.5 million (H1 2021: EUR 0.0 million)
Key Points:
- Group EBIT rises by around 81% to EUR 2.9 million (H1 2021: EUR 1.6 million); consolidated profit after tax of EUR 1.5 million (H1 2021: EUR 0.0 million)
Berlin, 23.09.2022 The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) developed successfully in the first half of 2022 and significantly increased its earnings.
- This was based on growth in Group sales, which at EUR 21.4 million were more than four times higher than in the comparison period of the previous year (EUR 4.9 million).
- Consolidated EBIT in the reporting period increased by EUR 1.3 million, or just over 81%, to EUR 2.9 million.
- After taxes, consolidated profit for the first half of 2022 was EUR 1.5 million (H1 2021: EUR 0.0 million).
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Wednesday, August 31, 2022
Berlin, 31.08.2022 The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) signed the purchase contract to acquire a residential property in Berlin-Lichtenberg yesterday.
Key Points:
- Berlin, 31.08.2022 The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) signed the purchase contract to acquire a residential property in Berlin-Lichtenberg yesterday.
- The property also offers potential to create further residential units.
- Another residential building with 23 residential units and a rentable area of approx.
- Jacopo Mingazzini, a member of The Grounds Management Board, says: "The residential plot convinced us mainly due to its attractive location, existing densification potential and building rights that have already been created.
The Grounds Real Estate Development AG: The Grounds acquires a 5,560 m2 plot in Knigs Wusterhausen
Key Points:
- The Grounds Real Estate Development AG: The Grounds acquires a 5,560 m2 plot in Knigs Wusterhausen
The issuer is solely responsible for the content of this announcement.
- 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 Knigs Wusterhausen yesterday.
- Once legal building requirements have been obtained, the company plans to implement a residential construction project here.
- The population in Knigs Wusterhausen alone grew from 33,747 in 2011 to 38,898 by the end of March 2022, an increase of more than 15%.
The Grounds Real Estate Development AG: Magdeburg City Council approves land development plan and sets course for the future of Brde Bogen
Key Points:
- The Grounds Real Estate Development AG: Magdeburg City Council approves land development plan and sets course for the future of Brde Bogen
The issuer is solely responsible for the content of this announcement.
- 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 Brde Bogen project is to be realised in the coming years.
- This is a joint venture between The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) and the Stonehedge Group, both based in Berlin.
- We anticipate increasing demand in Magdeburg's housing market, especially in the course of Intel's location in Magdeburg, which was announced in the spring of 2022."
Berlin, 26 April 2022 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5), 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 Halberstdter Strasse 153 / 155 in Magdeburg.
Key Points:
- Berlin, 26 April 2022 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5), 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 Halberstdter Strasse 153 / 155 in Magdeburg.
- In addition to the residential building, a generously-sized green space with a play area will be created on the development plot in the inner courtyard.
- Our positive assessment regarding the development of Magdeburg has thus been confirmed for a second time.
- We look forward to further projects in Magdeburg, for example in our 'Brde Bogen' building plan development that will follow soon."
Retrieved on:
Wednesday, April 13, 2022
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Group The Grounds successfully closes the 2021 financial year, and again increases consolidated EBIT and Group earnings
Key Points:
- 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 (The Grounds / ISIN: DE000A2GSVV5) 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.
- Consolidated profits after taxes rose to EUR 5.1 million (previous year: EUR 4.0 million), equivalent to an earnings-per-share increase to EUR 0.29 (previous year: EUR 0.22).
- The sale of a 51% majority shareholding in the BrdeBogen project in Magdeburg contributed decisively to exceeding the forecast.
- Simultaneously, the consolidated Group balance sheet total rose to more than EUR 100 million for the first time (previous year: EUR 87.4 million).
