Investment highlights

Investment highlights

I. Attractive market conditions

Undersupplied residential market with high demand for rental apartments in Europe’s strongest economy

Leipzig416_20170829

II. Unique business model

Development of residential units in Germany’s top cities with forward sales to institutional investors to focus on early cash flows and minimize development risks

2stay_Frankfurt

III. Strong development portfolio

Leading residential developer with a development portfolio of € 10bn split into 68 projects and a total net floor area of 2.2m sqm, with strong future growth

GrandOuest-1

IV. Superior Operational Capabilities

Construction track record of more than 20 years and c. 750 employees across 8 regional offices and pioneer in the digitalization of construction and planning processes

NQ_MAsterplan-Aufsicht

V. Strong Financial Performance

High development activities through forward-selling and construction progress with a target EBIT pre-PPA of €450m in 2020 and a Net Debt/Ebit pre-PPA ratio of 3.0x