Become a member Register now
Coming soon: xMas 
Special
Special
Special
|
EQS-News: The Grounds Real Estate Development AG
/ Key word(s): Real Estate
The Grounds announces the sale of all residential units in its “Maggie” project in Berlin-Lichtenberg
Berlin, 24 April 2024 –The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) has sold all the residential units in its re-densification project on Margaretenstrasse in Berlin-Lichtenberg. A total of 27 new owner-occupied apartments will be created on the plot in Weitlingkiez, which The Grounds acquired in summer 2022. Construction work is scheduled for completion in summer 2024. 23 residential units will be created in a newly-constructed building in the courtyard area of the plot; a further four units will be created by an attic conversion in the existing portfolio building. Thanks to its location in a quiet side street, the property offers a high quality of living. It is part of an urban neighbourhood characterised by numerous Wilhelminian-style buildings, which has become increasingly popular in recent years and is very well connected to the public transport network. Jacopo Mingazzini, Management Board of The Grounds, says: “We are delighted that our offer has met with keen interest from buyers, even though the market environment during the marketing period was by no means easy due to occasional great uncertainty and rising interest rates. The complete sale of all residential units within less than 18 months and simultaneous successful completion of our two residential construction projects in Magdeburg show that residential construction also works in a rather tough environment if the location, quality and layout correspond to the demand.” The “Property Garden” new-build project in Magdeburg was completed and handed over before Easter. The residential units had already been fully sold before construction began. The “LennéQuartier” project, with around 180 residential units, had already been handed over and fully let last year. Here again, all residential units had been sold before construction began.
Investor Relations: Press contact: About The Grounds
24.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | 1887653 |
| End of News | EQS News Service |
|
|
1887653 24.04.2024 CET/CEST
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.
