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Grounds Real Estate Development AG (FRA:AMM) Accounts Payable & Accrued Expense for Financial Companies


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Grounds Real Estate Development AG Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grounds Real Estate Development AG (FRA:AMM) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
Charlottenstrasse 79-80, Berlin, BB, DEU, 10117
Grounds Real Estate Development AG carries out housing projects in German metropolitan regions and urban areas. Its business activities cover three core areas such as the company is planning to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. They also aim to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, they plan to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income and rental income from existing properties.