RIB Software : RIB) signs a Phase-II-contract (No. 29 / 2016) with the CG Gruppe AG, the market leader in the field of storey rental housing construction for institutional capital management companies

14.11.2016 - Corporate News

Stuttgart, Germany, 14 November 2016. RIB Software AG, the world's leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-deal with the CG Gruppe AG, the market leader in the field of storey rental housing construction for institutional capital management companies.

Erik von Stebut, Managing Director of RIB Deutschland GmbH, comments: 'We are very pleased that the CG Gruppe, one of the leading project developers in Germany, will rely on the integrated iTWO 4.0 enterprise solution from RIB. In all planning and execution phases, the CG Gruppe has therefore always transparently budget and costs under control.'

The complete model-based approach with iTWO 4.0 will be networked in the next step with purchasing-, production- and logistical processes. This will create the most innovative solution on the market in the coming months from planning to operation.

'Together with RIB, we are implementing a solution that digitizes all processes in the value chain of the property from the initial idea to completion and rental. This creates systems and products that have not yet existed on the German market. In the CG Group, information technology is no longer just a support function but a core competency,' explains Christoph Gröner, CEO of CG Gruppe AG. 'For the practical implementation in the construction, this solution provides a tremendous acceleration and accurate cost forecast and cost tracking,' reaffirms Gröner.

About CG Gruppe AGThe CG Gruppe is a real estate developer with its own construction expertise. For more than twenty years, the Germany-wide operating company creates the entire development, the construction and sale of residential and commercial properties. The investments are focused on major German cities such as Berlin, Leipzig, Dresden, Frankfurt/Main, Cologne, and Düsseldorf. More than 250 staff members provide for frequent high quality and sustainability of all real estate products in terms of acquisition, development, and construction. The company's core business is the construction of rental buildings and its placement to institutional investors. In this segment, the CG Gruppe holds the market-leading position in Germany. The CG Group AG is currently preparing projects worth EUR 1.8 billion. The company's performance horizon invested within the following five to seven years totals approximately EUR 3.9 billion.//font>

//font>