CGRE ^AG has successfully completed its capital increase announced on 19 February and transferred the newly created shares.

As stipulated in the basic agreement concluded with Gröner Group AG, Berlin, on 19 February 2024, the acquisition of an indirect 89.9% stake in five real estate projects of Gröner Group AG in return for new shares in the company has been completed. For this purpose, the share capital was increased by EUR 4,000,000.00 from EUR 2,000,000.00 to EUR 6,000,000.00. Shareholders‘ subscription rights were excluded. The 4,000,000 bearer shares were transferred today to the authorised subscriber, CG Commercial Asset GmbH, Berlin.