Brief: The Grounds Real Estate Development AG Says Cancels Purchase Contract And Receives Compensation Payment

Grounds Real Estate Development AG

28/12/2023 17:36

Dec 28 (Reuters) - Grounds Real Estate Development Ag
 AMMn.DE :
    * EQS-ADHOC: THE GROUNDS REAL ESTATE DEVELOPMENT AG CANCELS
PURCHASE CONTRACT AND RECEIVES COMPENSATION PAYMENT
    * GROUNDS REAL ESTATE DEVELOPMENT- CANCELLED CONTRACT
CONCLUDED ON
18 MAR'22 FOR SALE OF TERRA HOMES PROJECT IN ERKNER WITH SALES
VOLUME OF EUR 18.5 MILLION
    * GROUNDS REAL ESTATE DEVELOPMENT- AS RESULT OF
CANCELLATION,
SALES VOLUME OF GROUNDS WILL DECREASE IN CURRENT FINANCIAL YEAR
COMPARED TO PREVIOUS PLANNING
    * GROUNDS REAL ESTATE DEVELOPMENT - CANCELLATION OF THE
CONTRACT
IS ASSOCIATED WITH RECEIPT OF  COMPENSATION PAYMENT OF EUR 5.55
MILLION
    * COMPENSATION PAYMENT WILL INCREASE EARNINGS

Source text for Eikon:  ID:nEQ6yNjGha 
Further company coverage:  AMMn.DE 

 ((Reuters.Briefs@thomsonreuters.com;))