Inactive Instrument

Consus Real Estate AG

Equities

CC1

DE000A2DA414

Real Estate Development & Operations

CONSUS Real Estate AG: Closing of divestment of commercial assets resulting in EUR 68.2 million cash inflow

June 15, 2018 at 10:45 am EDT

DGAP-News: CONSUS Real Estate AG / Key word(s): Real Estate
CONSUS Real Estate AG: Closing of divestment of commercial assets resulting in EUR 68.2 million cash inflow

15.06.2018 / 16:41
The issuer is solely responsible for the content of this announcement.

Consus Real Estate AG ("CONSUS", ISIN DE000A2DA414) has today closed the transaction previously announced on 15 May 2018 to divest 8 commercial assets with a total gross asset value (GAV) of EUR 148 million. The sale of the assets has resulted in a preliminary significant profit and in net cash proceeds for CONSUS of around EUR 68.2 million. The proceeds of the divestment will be used for general corporate purposes including deleveraging and reinvestment in the expansion of the development business.

Press Contact:
RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstrasse 16, D-10179 Berlin
+49 (0)30 28 44 987-62
consus@rueckerconsult.de

CONSUS Real Estate AG
Andreas Steyer, CEO
a.steyer@consus.ag

About Consus Real Estate AG
CONSUS Real Estate AG ("CONSUS"), based in Berlin, Germany, through its subsidiary CG Gruppe, is the leading developers of residential real estate properties in the country's Top 9 cities. CONSUS focuses on and has a strong track record of institutional forward sales, digitalization and industrial mass production along the entire development value chain. The stock of Consus Real Estate AG is listed on m:access segment of the open market (Freiverkehr) of the Munich Stock Exchange (Börse München), and is traded via XETRA in Frankfurt.

15.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	CONSUS Real Estate AG
	Kurfürstendamm 188-189
	10707 Berlin
	Germany
Phone:	+49 (0)30 965 357 90 300
E-mail:	info@consus.ag
Internet:	www.consus.ag
ISIN:	DE000A2DA414
WKN:	A2DA41
Listed:	Regulated Unofficial Market in Frankfurt, Munich (m:access)


End of News	DGAP News Service

695933 15.06.2018

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Company Profile

CONSUS Real Estate AG is a Germany-based company specialized in the real estate sector. The Company specializes in the development of entire neighborhoods and standardized flats. Additionally, CONSUS Real Estate AG operates along the entire real estate development chain, which includes the acquisition, development & planning, forward sales, construction, hand-over, as well as letting of real estate developments and other services via its subsidiaries CG Gruppe AG and SSN Group AG. The Company reports its businesses into three main segments: Consus, which focusses on supporting the subsidiaries through head office functions; CG, which includes the development of real estate for residential and commercial use, as well as the renting of commercial and residential real estate services, and SSN, which encompasses the development of real estate for residential and commercial use. The Company is present in Berlin and Frankfurt, among others.

Sector

Real Estate Development & Operations

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