Ad-hoc notification in accordance with Article 17 of the Market Abuse Regulation
NOT FOR FULL OR PARTIAL DISTRIBUTION, PUBLICATION OR DISCLOSURE IN, WITHIN OR FROM COUNTRIES IN WHICH SUCH DISTRIBUTION, PUBLICATION OR DISCLOSURE WOULD CONSTITUTE VIOLATION OF THE RELEVANT LEGAL PROVISIONS OF THESE COUNTRIES. IN PARTICULAR, NOT FOR DISCLOSURE, FOR PUBLICATION OR FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA, IN AUSTRALIA, IN CANADA OR IN JAPAN. THIS NOTIFICATION IS NOT AN OFFER TO PURCHASE SECURITIES OR AN INVITATION TO SUBMIT A PURCHASE OFFER. THE RELEVANT SECURITIES PROSPECTUS IS PUBLISHED AT http://www.thegroundsag.com/en/ UNDER THE HEADING “INVESTOR RELATIONS”.
The Grounds Real Estate Development AG has acquired, for its own property portfolio, a portfolio in Emden used mainly for residential purposes
Berlin, 20 December 2017. Today, through a subsidiary, The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) signed the purchase contract to acquire a portfolio in Emden (Lower Saxony) used mainly for residential purposes and with a rentable residential/usable area of around 9,600 m². The portfolio already offers short-term development potential. Investment costs amount to EUR 9.14 million.
The Emden portfolio is intended for the own long-term property portfolio, and with continuous rental incomes it will in future exert a correspondingly positive effect on The Grounds Group’s revenues and result.
