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, COO and Head of IR/PR

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.

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CONSUS Commercial Property AG published this content on 15 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 June 2018 20:57:05 UTC