sur The Grounds Real Estate Development AG (isin : DE000A2GSVV5)
The Grounds Acquires Housing Portfolio in Potsdam
The Grounds Real Estate Development AG announced the acquisition of a single-family house portfolio in Potsdam and its surrounding areas. The transaction involves 79 leased terraced and semi-detached houses. The acquisition was finalized with a purchase price of EUR 20 million, marking a significant investment in the residential market.
The announcement was made on December 19, 2024, underlining The Grounds' strategic expansion in the real estate sector. This move aligns with the company's efforts to strengthen its portfolio within the German housing market. The transaction highlights their commitment to growth and diversification in real estate assets.
The insider information was disclosed in accordance with Article 17 of the EU Market Abuse Regulation. Interested parties can contact The Grounds for more details via their Berlin office.
R. E.
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