Aggregate Holdings SA
Aggregate Holdings S.A.: CONSUS Real Estate AG realised cash inflow of EUR 131 million from recent VauVau forward sale
DGAP-News: Aggregate Holdings SA / Key word(s): Miscellaneous Aggregate Holdings S.A.: CONSUS Real Estate AG realised cash inflow of EUR 131 million from recent VauVau forward sale
Consus Real Estate AG (“CONSUS”, ISIN DE000A2DA414), via its subsidiary company CG Gruppe AG in its core business unit “Development and Production of residential properties”, has received the first purchase price payment of around EUR 131 million from its previously placed EUR 670 million forward sale in December 2017 of the VauVau (Vertical Village) project to an institutional investor. The underlying basis for the payment is the contractual procurement of the building permits for the three construction projects in Leipzig, Frankfurt / Offenbach and Düsseldorf by the project developer CG Gruppe. In central locations of Leipzig, Dresden, Frankfurt / Offenbach, Dusseldorf and Cologne, CG Gruppe will develop over the next 3 to 4 years a total of more than 1,740 apartments with over 91,550 square meters of residential area and approximately 28,400 square meters of commercial space including over 940 parking spaces to be built under the “Vertical Village Apartments” VauVau brand. The cash inflow of the first tranche for the EUR 670 million forward sale of 5 large projects to an institutional investor placed less than 4 months ago testifies the strong cash flow characteristics of the integrated forward sale model of CONSUS and CG Gruppe. https://www.consus.ag/EN/investors/news Contact: Massimo Longoni Director Aggregate Holdings S.A. +352 26 478777 21 massimolongoni@groupelecta.lu
23.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Aggregate Holdings SA |
Rue Antoine Jans 10 | |
1820 Luxembourg | |
Luxemburg | |
Phone: | 00352 26 478 777 21 |
E-mail: | massimolongoni@groupelecta.lu |
ISIN: | DE000A184P98 |
WKN: | A184P9 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart |
End of News | DGAP News Service |
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