Consus Real Estate AG ('CONSUS', ISIN DE000A2DA414), via its subsidiary company CG Gruppe AG in its core business unit 'Development and Production of residential properties', has secured five individual new projects for a total expected sales volume of around EUR 750 million.

With the secured properties, the company intends to develop in the next 3 to 4 years a total of approx. 1,670 apartments with over 153,210 square meters of residential area and approx. 29,968 square meters of commercial space. The projects are located in leading proprietary locations of Hamburg, Cologne, Stuttgart / Böblingen and Erfurt.

These newly added projects are increasing the current development volume of CG Gruppe of approx. EUR 4.6 billion by approx. EUR 750 million or more than 16% to a total development volume of approx. EUR 5.4 billion. The further growth of the development portfolio is in line with the strategic priority of CONSUS to further expand its leading position in Germany's top 9 cities for residential real estate development.

The acquisitions are in line with CONSUS' financial targets including an EBIT margin of around 20% and residential sales per square meter of around EUR 5,000. The total forward sales backlog for CONSUS current stands at around EUR 1.6 billion.

CONSUS Real Estate AG
Boris Tramm
Head of IR/Capital Markets
Phone+49 (0)171 840 2220
Emailb.tramm@consus.ag

About Consus Real Estate AG

Consus Real Estate AG ('CONSUS'), based in Berlin, Germany, is a leading developer for residential real estate properties in Germany's top 9 cities. CONSUS focuses on and has a strong track-record of forward sales to institutional purchasers as well as digitalisation and industrial serial production along the entire value chain of project development. CONSUS' development activities are supplemented by a diversified portfolio of high-yielding commercial real estate properties across Germany. Its shares are listed on the m:access segment of the open market of the Munich Stock Exchange.

About the new projects

Projects in Cologne:
The two projects in Cologne have a combined 94,183 square meters of lettable floor space, of which 66,725 square meters are for residential use and 27,458 square meters for commercial use

Project in Hamburg
In Hamburg, residential buildings with a total lettable floor space of 43,896 square meters with approx. 650 apartments are being realized

Project in Erfurt
In Erfurt, an existing building is being revitalized with new apartments and adjacent commercial space as well as a new building being constructed. The lettable floor space is divided into 6,951 square meters for residential use and 710 square meters for commercial use

Project in Böblingen/Stuttgart
In Böblingen, a construction project with a lettable floor space of 7,470 square meters is being realized, of which 5,670 square meters for residential use and 1,800 square meters for commercial use.

Attachments

Disclaimer

CONSUS Commercial Property AG published this content on 16 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 April 2018 09:16:07 UTC