DGAP-News

The Grounds Real Estate Development AG: Timo Tschammler is to become a member of the Supervisory Board of The Grounds - Seite 2

Eric Mozanowski, Chairman of the Supervisory Board of The Grounds, says: "We are delighted that we have been able to obtain the proven real estate property expert Timo Tschammler for our Supervisory Board. He not only brings with him many years of management experience and entrepreneurial thinking, but also has extensive market knowledge and is exceptionally well networked within the real estate property sector. At the same time, we thank Hansjörg Plaggemars most sincerely for his work on our company's Supervisory Board, and extend our best wishes to him for his private and professional future. On 29 June 2021, our major shareholder Armin H. Hofmann exercised his option to acquire a 15.16% share in The Grounds from Deutsche Balaton AG, which thus increased his shareholding in The Grounds to 32.29% and affirmed his long-term participation in the company. This, and the planned election of Timo Tschammler to serve on our Supervisory Board, have laid further important foundations for the future of The Grounds."

Company contact:
The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, Management Board members
Charlottenstrasse 79-80, 10117 Berlin, Germany
Tel.: [phone]
Fax: [phone]
E-mail: [e-mail]
Web: www.thegroundsag.com

Investor relations:
UBJ GmbH
Ingo Janssen, Managing Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg, Germany
Tel.: [phone]
E-mail: [e-mail]
Web: www.ubj.de

Press contact:
RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstrasse 16
10179 Berlin, Germany
Tel.: [phone]
E-mail: [e-mail]
Web: www.rueckerconsult.de

About The Grounds
The Grounds Group implements residential projects in German metropolitan regions. The Grounds Group also holds a steadily growing residential portfolio in its fixed assets. The Grounds Real Estate Development AG is quoted in the upper free market segment of Düsseldorf Stock Exchange's primary market (ISIN: DE000A2GSVV5), and has its headquarters in Berlin and an office in Stuttgart.