DGAP-News: The Grounds Real Estate Development AG acquires a residential complex in Fehrbellin
Retrieved on:
Friday, April 1, 2022
Berlin, 01.04.2022 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) has acquired a plot of land with a residential complex in Fehrbellin (Brandenburg).
Key Points:
- Berlin, 01.04.2022 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) has acquired a plot of land with a residential complex in Fehrbellin (Brandenburg).
- Constructed in 1980, the building with three staircases comprises a total of 24 residential units with 1,503 m2 of total rentable area.
- The Grounds intends to hold the acquired real estate property in its own fixed assets on a long-term basis.
- As well as its good structural condition and attractive location, the main point in favour of the purchase of this real estate property was its long-term letting potential."