12.03.2019 CONSUS Real Estate AG  DE000A2DA414

DGAP-News: CONSUS Real Estate AG: Successful Development of Urban Quarters in Frankfurt/Main: Grand Ouest, Westend Ensemble and Kaiserlei Quartier progressing well


 

DGAP-News: CONSUS Real Estate AG / Key word(s): Expansion
CONSUS Real Estate AG: Successful Development of Urban Quarters in Frankfurt/Main: Grand Ouest, Westend Ensemble and Kaiserlei Quartier progressing well

12.03.2019 / 09:33
The issuer is solely responsible for the content of this announcement.


Successful Development of Urban Quarters in Frankfurt/Main: Grand Ouest, Westend Ensemble and Kaiserlei Quartier progressing well

Majority of condominiums in Grand Ouest already sold

Building permit for Westend Ensemble envisaged for second quarter 2019

 

Berlin, 12 March 2019 - CONSUS Real Estate AG ("Consus", ISIN DE000A2DA414, CC1) is making good progress with its urban quarter development projects in Frankfurt/Main. The ceremonial laying of the cornerstone for Project "Grand Ouest" in Frankfurt's Westend was celebrated beginning March 2019. The "Grand Ouest" is a modern residential building with 164 condominiums and 32 underground parking spaces. The apartments will be constructed behind the listed, refurbished facade of the former Regional Post Directorate (Oberpostdirektion) and will be ready for occupation most likely through 2020. At present, 120 condominiums, i.e. 73% of the overall area, are already sold. The GDV of Grand Ouest amounts to approx. EUR 92 million and the overall area comprises 9,108 m2.

In the immediate neighbourhood of Grand Ouest is the new Westend Ensemble quarter, where Consus has planned and is developing a mixed urban quarter with apartments, offices and commercial space. The Westend Ensemble quarter comprises 15,000 m2 of living space as well as 5,000 m2 of rentable commercial space, together accounting for a total GDV of EUR 207 million. In addition to the development of the 240 apartments, the residents will benefit from the development of 300 underground parking spaces, office spaces, a nursery school, a post office and restaurants. The beginning of the construction is planned for 2020 and the completion of the project is planned for 2022/2023.

At the outskirts of the city of Frankfurt is the Offenbach Kaiserlei, where we are developing another urban living and commercial space quartier with the projects "Vitopia Kampus Kaiserlei" and "New Frankfurt Towers". The separate projects are expected to be completed between 2020 and 2023. Approximately 838 residential units will be constructed on a gross floor area of 121,000 m², together with up to 565 parking spaces of which 140 will be dedicated for electric cars. The development will also include a hotel, a nursery school, a swimming pool, a fitness centre and several retail stores and will be benefiting from green technology. A large geothermal facility, photovoltaics facility and solar thermal energy facility create a renewable energy mix. The GDV of the New Frankfurt Towers project amounts to EUR 409 million and approximately 69% of the project are already forward sold.

Consus is planning and developing these projects through its subsidiary CG Group AG. "With regard to GDV, we are a leading real estate development company in Germany in the residential property market. In particular in Frankfurt/Main, we are substantially helping to cope with the huge demand for affordable housing. Our subsidiary CG Group AG has extensive and long-standing expertise in the successful development of residential property, closely adjusted to local needs" says Andreas Steyer, CEO of Consus Real Estate AG, and adds: "Consus is developing projects for modern, affordable housing adapted to the urban landscape in Germany's top nine Cities where demand is the highest. With that focus, we are growing quickly while successfully complying with all stakeholders' requirements and responsibly fulfilling our socio-political aspirations and mission to create affordable housing"

Contact

Investor Relations
investors@consus.ag
+49 30 965 357 90 260

About Consus Real Estate AG

Consus Real Estate AG ("Consus") a leading German property developer with EUR 9.7bn (GDV) in properties under development as per 30 September 2018. The Company focuses on residential property in Germany's top nine cities. Consus 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.



12.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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 Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

786355  12.03.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 0,00 0,00 2,69 2,86 1,38 7,69 614,97 0,00
EBITDA1,2 0,00 0,00 0,31 0,20 0,06 4,70 107,90 0,00
EBITDA-Marge3 0,00 0,00 11,52 6,99 4,35 61,12 17,55 0,00
EBIT1,4 0,00 0,00 0,31 0,20 0,06 4,70 105,73 0,00
EBIT-Marge5 0,00 0,00 11,52 6,99 4,35 61,12 17,19 0,00
Jahresüberschuss1 0,00 0,00 0,29 0,24 0,06 -7,95 1,17 0,00
Netto-Marge6 0,00 0,00 10,78 8,39 4,35 -103,38 0,19 0,00
Cashflow1,7 0,00 0,00 0,01 0,39 -0,39 -4,62 132,01 0,00
Ergebnis je Aktie8 0,00 0,00 0,01 0.00 0,00 -0,28 -0,15 0,40
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Warth & Klein Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
Consus Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2DA41 6,800 Halten 911,47
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,83 17,29 0,742 24,00
KBV KCV KUV EV/EBITDA
0,90 6,90 1,48 18,267
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,00 0,00 0,00 26.06.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
19.06.2019 19.09.2019 17.04.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,00% -6,89% -10,53% -23,77%
    
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Immobilien (Gewerbe) , A2DA41 , CC1 , XETR:CC1