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DGAP-News The Grounds Real Estate Development AG ​​​​​​​sells 319 student apartments in Leipzig and Magdeburg

Nachrichtenquelle: EQS Group AG
02.03.2021, 08:00  |  134   |   |   

DGAP-News: The Grounds Real Estate Development AG / Key word(s): Real Estate
The Grounds Real Estate Development AG ​​​​​​​sells 319 student apartments in Leipzig and Magdeburg

02.03.2021 / 08:00
The issuer is solely responsible for the content of this announcement.


The Grounds sells 319 student apartments in Leipzig and Magdeburg

- Successful closing of the sale of 138 student apartments in Leipzig to an institutional investor

- A further 181 student apartments in Magdeburg have already been sold to private investors

- Marketing for a privatisation project in Berlin-Pankow has begun

Berlin, 02.03.2021 - The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) has sold two student accommodation buildings in Leipzig and Magdeburg with a total of 319 apartments. The property in Leipzig has more than 138 residential units and a total usable area of 3,136 m2. It is centrally located in the Connewitz district, which is popular with students. The student accommodation building was sold to an institutional investor as part of a global sale; closing took place in late February.

Moreover, the last of the apartments in the "Lenné Quartier" student accommodation building in Magdeburg planned by The Grounds were also sold in late February. Construction of this project with 181 apartments has already started, and completion is expected in the fourth quarter of 2022. The sale took place through individual marketing to private investors. The property is located in the immediate vicinity of Magdeburg's Old Town.

Individual marketing of the property in Berlin Pankow that was acquired for privatisation in late 2021 also began at the end of February. The Grounds expects that the majority of the apartments will have been sold by the end of the current year.

Jacopo Mingazzini, a member of the Management Board of The Grounds, says "The successful sale of both of the buildings in Leipzig and Magdeburg confirms that our concepts are correct. Future users will benefit equally both from the specific qualities of the properties with regard to facilities and customising, and from the attractive locations within the two university towns, which are also political, economic and cultural centres."

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The Grounds Real Estate Development Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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DGAP-News The Grounds Real Estate Development AG ​​​​​​​sells 319 student apartments in Leipzig and Magdeburg DGAP-News: The Grounds Real Estate Development AG / Key word(s): Real Estate The Grounds Real Estate Development AG ​​​​​​​sells 319 student apartments in Leipzig and Magdeburg 02.03.2021 / 08:00 The issuer is solely responsible for the content …

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