DGAP-Ad-hoc: The Grounds Real Estate Development AG / Key word(s): Real Estate/Change in Forecast 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 End of the ad hoc announcement
10-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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
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.