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

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

The Grounds Real Estate Development AG · ISIN: DE000A2GSVV5 · EQS - adhoc news (46 News)
Country: Germany · Primary market: Germany · EQS NID: 1154319
10 December 2020 01:15PM

The Grounds Real Estate Development AG sells commercial property in Grünheide (Mark) and doubles 2020 earnings forecast


DGAP-Ad-hoc: The Grounds Real Estate Development AG / Key word(s): Real Estate/Change in Forecast
The Grounds Real Estate Development AG sells commercial property in Grünheide (Mark) and doubles 2020 earnings forecast

10-Dec-2020 / 13:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - 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 sells commercial property in Grünheide (Mark) and doubles 2020 earnings forecast

 

Berlin, 10.12.2020 The Grounds Real Estate Development AG (The Grounds) concluded today a contract for the sale of a commercial property from fixed assets, which will already be recognised in the current year's income statement. Therefore, the results forecast of EUR 2 million for the year 2020 is now again increased to EUR 4 million after taxes. The contract provides for a basic purchase price, due for payment immediately and significantly above the current book value, and a possible additional purchase price payment amounting to up to EUR 9.75 million after successful completion of a development planning process. The intention is to use the liquidity from the transaction to accelerate growth.

Contact

The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, Management Board
Charlottenstraße 79-80, 10117 Berlin, Germany
Tel.: +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849
E-mail: info@thegroundsag.com
Web: www.thegroundsag.com

End of the ad hoc announcement


10-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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@thegroundsag.com
Internet: www.thegroundsag.com
ISIN: DE000A2GSVV5
WKN: A2GSVV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich
EQS News ID: 1154319

 
End of Announcement DGAP News Service

1154319  10-Dec-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1154319&application_name=news&site_id=boersengefluester_html
Visual performance / price development - The Grounds Real Estate Development AG
Smart analysis and research tools can be found here.

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

 

SMART * AD
EN GIF 970X250

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.