CONSUS Real Estate AG acquires innovative PropTech company DIPLAN to further digitalise planning and construction processes
CONSUS acquires innovative PropTech company DIPLAN to further digitalise planning and construction processes
Berlin, 18 September 2018 – CONSUS Real Estate AG (“CONSUS”, ISIN DE000A2DA414) has acquired a 75% stake in DIPLAN, an innovative PropTech company which concentrates on enhancing the digitalisation process of the company’s core operations in development, including construction.
DIPLAN Gesellschaft für Digitales Planen und Bauen GmbH was founded in 2016. As a PropTech company, DIPLAN is a pioneer in the digital transformation of planning and construction processes. The project-oriented construction system developed by DIPLAN enables efficient and software-supported design- and planning-processes, thus enabling the full potential of industrial prefabrication of construction components. The technical standardisation of planning and construction processes will result in significant cost savings as well as reduced development timeframes. CONSUS has previously worked closely with DIPLAN and considers the acquisition as a further strategic step in strengthening the market leadership in the serial large-scale production of residential units in Germany.
Andreas Steyer, CONSUS CEO: “With DIPLAN, we are able to strengthen our technological base and further optimise our development and construction activities. Planning processes are now being captured in more detail, costs are lowered and construction timeframes are reduced.”
Frank Preuss, founder and CEO of DIPLAN: “After a two-year development, we are very pleased to establish our product in the market with CONSUS as leading German housing developer. This will enable us to actively shape the branch-wide transformation process in direction of industrial planning and construction standards.”
CONSUS Real Estate AG
Corporate Finance & Investor Relations
About Consus Real Estate AG
Consus Real Estate AG (“CONSUS”), based in Berlin, Germany, with its subsidiary CG Gruppe AG, is a leading developer of residential real estate properties in the country’s Top 9 cities. With a gross development value of EUR 5.3bn CONSUS focuses on the construction of standardised apartment blocks. CONSUS acts along the entire development value chain with institutional forward sales, digitalization of construction processes and industrial mass production. The shares of CONSUS are listed in the Scale Segment of Deutsche Börse AG and in the m:access segment of the open market (Freiverkehr) of the Munich Stock Exchange (Börse München), and are traded via XETRA in Frankfurt.