DGAP-News: CONSUS Real Estate is the leading real estate development company in Germany's top 9 cities
DGAP-News: Consus Real Estate AG / Key word(s): Study results
CONSUS Real Estate is the leading real estate development company in Germany's top 9 cities
Recent bulwiengesa study confirms that Consus is the leading real estate developer in Germany's top nine cities
Berlin, 21 March 2019 - CONSUS Real Estate AG ("Consus", ISIN DE000A2DA414, CC1) is the leading real estate developer in Germany 's top nine cities, according to a recent report of the European research house bulwiengesa. As of September 2018, Consus holds an overall real estate development portfolio with a GDV of EUR 9.7bn, comprising 2.2 million m2 of which over 90% are located in and around the top 9 German cities. The bulwiengesa study looked out to 2023 and incorporated only 1.4 million m² of the Consus portfolio. Large projects dating beyond 2023 such as Hamburg Holstein and Stuttgart Vaihingen were only partially considered. The bulwiengesa study covered Consus' projects in Germany's top nine cities with significant volumes in Hamburg, Leipzig, Berlin and Cologne, followed by Stuttgart, Dresden, Düsseldorf and Frankfurt/Main as well as Munich.
Consus operates a fully integrated development platform through its subsidiaries CG Gruppe AG and SSN Group AG covering the entire value chain. The most important components of the value chain are the sourcing and acquisition of land plots and real estate properties, their development and the sale of development projects to institutional purchasers through forward sales. Approximately 80% of Consus' GDV are planned to be or are already forward sold. The strategic objective of Consus is to develop residential projects, which currently account for over 60% of the development portfolio. Consus typically develops integrated residential and commercial projects (Quartiere), thereby focussing on the development of modern, urban and affordable residential real estate properties that are supplemented by commercial spaces, including retail, hotels and offices.
"With our GDV of approximately EUR 10bn, we are well positioned to provide the market with urgently needed residential and commercial real estate properties. Consus significantly contributes, particularly in connection with its digitalization efforts, to the offering of affordable housing." comments Andreas Steyer, CEO of Consus.
About Consus Real Estate AG
Consus Real Estate AG ("Consus") the leading German property developer in the top 9 cities with EUR 9.7bn (GDV) in properties under development as per 30 September 2018. The Company focuses on residential property and specialises in the development of entire neighbourhoods ('quartiers') and standardised flats. The use of forward sales to institutional investors and the digitalisation of construction processes allow the Company to operate along the entire property development value chain. Consus implements projects - from the planning phase through to construction and transfer of ownership, as well as property management and the associated services - via its subsidiaries CG and SSN. Consus Real Estate AG's shares are listed in the Scale segment of the Frankfurt Stock Exchange and m:access segment of the Munich Stock Exchange and are traded on XETRA in Frankfurt, among others.
bulwiengesa is one of the large independent research houses in the real estate sector in Europe. For more than 30 years now, the research institute has advised partners and clients with regard to current issues in the real estate industry, market surveys and site evaluations. Data services, Analysis, Appraisal and Consulting - these are the four business areas of bulwiengesa. Customers of bulwiengesa include project development companies, real estate development companies, institutional investors, banks, communities and real estate portfolio management companies.
21.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CONSUS Real Estate AG|
|Phone:||+49 (0)30 965 357 90 300|
|Listed:||Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|