Consus Real Estate acquisition of SSN Group

Overview:

• Consus Real Estate has acquired 93.4% of the shares of SSN Group, a German real estate developer, for €255 million.
• As part of the acquisition, Consus Real Estate also acquired 38.9% of the shares in SG Development, a subsidiary of SSN Group, and 43% stake in Aggregate Deutschland's SSN development project in Berlin for €215 million.
• The acquisition increases Consus gross development volume to €10 billion.

Rajeeb Gurung - Researcher