10.12.2019 Instone Real Estate Group AG  DE000A2NBX80

Instone Real Estate: Start of Shell Works for 113 Flats in Herrenberg near Stuttgart


 


DGAP-Media / 10.12.2019 / 07:30

Instone Real Estate: Start of Shell Works for 113 Flats in Herrenberg near Stuttgart

- Development of 113 flats and attached houses in a central location of Herrenberg

- Demolition and excavation work successfully completed

- Newly zoned residential plot fully cleared of contaminants

- Sales already launched

- Completion scheduled for early 2022

Stuttgart/Herrenberg, 10 December 2019: Residential developer Instone Real Estate successfully completed the demolition and excavation work at the brownfield site of the former Leibfried metal foundry in the town of Herrenberg. The site on Schwarzwaldstrasse, which extends over around one hectare, will be developed into a new housing estate of 113 residential units between now and early 2022.

Bianca Reinhardt Weith, Head of Branch and in charge of Instone's business in Baden-Württemberg, commented: "Because of its prior industrial use, both the building fabric and the land of the project property were found to be partially contaminated. The clean-up was concluded together with the completion of the demolition and excavation work. The competent district office in Böblingen confirmed that no further remedial measures are required on the plots zoned for residential development. We are pleased to report that the start of the shell works will make the development progress visible shortly."

The quarter includes one office building, 7 attached houses, 7 townhouses and 10 multi-unit dwellings, which will deliver a total of 113 residential units.

In addition to the broadly diversified apartment mix, 10 percent of the available condominiums are earmarked for medium-income households. These condominiums are eligible for attractive subsidies that can be applied for at Landeskreditbank, Baden-Württemberg's state bank for development. It will sponsor the acquisition of new-build flats by owner-occupiers who remain below a certain income limit. Moreover, the flats come with a substantial discount.

"There is enormous interest in the project. We sold 60 percent of the condominiums in a matter of months. For us, the lively demand confirms the attractiveness of the neighbourhood concept and of the location. While surrounded by plenty of greenery, the dwellings now under development on Schwarzwaldstrasse lie within walking distance of every sort of retailer you need for day-to-day living. The railway station with direct service connections to Böblingen/Sindelfingen and Stuttgart beyond is only a 10-minute walk away," added Bianca Reinhardt Weith.

For more details, interested parties may call +49(0) 70 32 - 3 70 95 07 or go to https://www.instone.de/projekte/herrenberg/.

About Instone Real Estate (IRE)

Instone Real Estate is one of Germany's leading residential developers and is listed in the SDAX. The company develops attractive multi-family and residential buildings as well as publicly subsidized housing, designs modern urban quarters and refurbishes listed buildings for residential use. Buyers are mainly owner-occupiers, private investors intending to buy and let, and institutional investors. In over 28 years, Instone Real Estate successfully developed more than one million square metres. Around 360 employees work at nine locations nationwide. As of 30 September 2019, the company's project portfolio comprised 52 development projects with an expected total sales volume of roughly 5.4 billion euros and more than 12,000 units.


Press Contact
Instone Real Estate
c/o RUECKERCONSULT GmbH
Anke Reiss
Wallstrasse 16
D-10179 Berlin
Tel.: +49 (0)30 2844987-61
Fax: +49 (0)30 2844987-99
E-mail: [email protected]



End of Media Release


Issuer: Instone Real Estate Group AG
Key word(s): Real estate

10.12.2019 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Instone Real Estate Group AG
Grugaplatz 2-4
45131 Essen
Germany
Phone: +49 201 453 550
E-mail: [email protected]
Internet: www.instone.de
ISIN: DE000A2NBX80
WKN: A2NBX8
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 931927

 
End of News DGAP Media

931927  10.12.2019 

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  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 199,70 360,84 509,49 464,39 741,24 567,51 514,26
EBITDA1,2 -10,36 38,70 133,70 87,90 160,30 77,51 57,00
EBITDA-Marge3 -5,19 10,72 26,24 18,93 21,63 13,66
EBIT1,4 -10,80 38,11 86,08 80,72 117,23 72,73 52,03
EBIT-Marge5 -5,41 10,56 16,90 17,38 15,82 12,82 10,12
Jahresüberschuss1 -30,96 9,03 69,78 33,69 81,28 39,77 18,97
Netto-Marge6 -15,50 2,50 13,70 7,25 10,97 7,01 3,69
Cashflow1,7 -34,47 -40,40 -205,09 119,88 43,91 70,17 107,68
Ergebnis je Aktie8 -0,84 0,18 1,78 0,81 1,77 0,88 0,46
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INVESTOR-INFORMATIONEN
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Instone Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2NBX8 9,170 430,88
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,74 14,37 0,84 20,38
KBV KCV KUV EV/EBITDA
0,77 4,00 0,84 10,84
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,35 0,33 3,60 14.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2024 08.08.2024 07.11.2024 19.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
14,88% 38,27% 25,62% 20,66%
    
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