Put companies on watchlist
The Grounds Real Estate Development AG
ISIN: DE000A2GSVV5
WKN: A2GSVV
More AI Integrations
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

The Grounds Real Estate Development AG · ISIN: DE000A2GSVV5 · EQS - adhoc news (46 News)
Country: Germany · Primary market: Germany · EQS NID: 1805259
28 December 2023 06:29PM

The Grounds Real Estate Development AG cancels purchase contract and receives compensation payment


EQS-Ad-hoc: The Grounds Real Estate Development AG / Key word(s): Real Estate/Forecast
The Grounds Real Estate Development AG cancels purchase contract and receives compensation payment

28-Dec-2023 / 18:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 Ad hoc announcement pursuant to Article 17 of the Market Abuse Regulation

The Grounds cancels purchase contract and receives compensation payment

Berlin, 28 December 2023 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5)  cancelled the contract concluded on 18 March 2022 for the sale of the Terra Homes project in Erkner with a sales volume of EUR 18.5 million. The contract was cancelled by mutual agreement at the request of the buyer and is associated with the receipt of a compensation payment of EUR 5.55 million for The Grounds. As a result, the sales volume of The Grounds will decrease in the current financial year compared to previous planning to the extent that the construction progress achieved would have been recognised in the balance sheet as at 31 December 2023 according to the percentage of completion method. An amount of around EUR 9.2 million was recognised for this in the balance sheet for the first half of the year as at 30 June 2023. Against that, the compensation payment will increase earnings. As previously announced, updated guidance for 2023 will be provided in January 2024.

Contact:
The Grounds Real Estate Development AG
Jacopo Mingazzini, Management Board
Charlottenstraße 79-80, 10117 Berlin
T. +49 (0) 30 2021 6866
F. +49 (0) 30 2021 6849
E-Mail: info@tgd.ag
Web: www.thegroundsag.com

 – End of the Adhoc announcement –

 



End of Inside Information

28-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: The Grounds Real Estate Development AG
Charlottenstraße 79-80
10117 Berlin
Germany
Phone: 030 2021 6866
Fax: 030 2021 6489
E-mail: info@tgd.ag
Internet: www.thegroundsag.com
ISIN: DE000A2GSVV5, DE000A3H3FH2,
WKN: A2GSVV, A3H3FH,
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1805259

 
End of Announcement EQS News Service

1805259  28-Dec-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1805259&application_name=news&site_id=boersengefluester_html
MIC: XFRA
Power-Shortcuts

The Grounds Real Estate Development AG

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.