Consus Real Estate  (Germany)

CONSUS Real Estate AG

2008

Public

Status: Performing

All payments are on time


9.625%

Maturity Date

15 May 2024

Next Interest Payment

15 Nov 2019

Interest Period

6 months

Senior Secured

Industry

Property

€400,000,000

ISIN

XS1843437465

S&P:  B-, Fitch:  B

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Business Description

Consus Real Estate AG (“Consus”) is the largest German real estate developer with c.€10bn of property under development. The company is headquartered in Berlin and operates 68 sites across 9 of Germany's top cities.

Consus specialises in large scale real-estate projects, such as the development of entire neighbourhoods (known as ‘quartiers’). Projects are forward sold to institutional buyers such as BNP Paribas, Hannover Leasing and Commerzbank. Forward selling projects provides management & investors with good visibility over the company's future cash flows.

The company operates along the entire real estate development value chain. From acquiring and developing sites to letting and providing other services in connection therewith via its subsidiaries CG Gruppe AG and SSN Group AG.

Equity is traded on the Frankfurt Stock Exchange.

Capital at risk. No FSCS cover. See Risk Statement.

 

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