mwb research AG continues to rate CGRE shares a 'BUY', price target is EUR 15.00

Press Release

mwb research continues to rate CGRE ^AG shares as ‘Buy’ - CGRE ^AG will be at trade fair EXPO REAL 2024 for the first time

• ‘Buy’, target price: EUR 15.00. mwb research AG reiterates its ‘Buy’ recommendation for the CGRE ^AG share in their update.
• The property platform CGRE ^AG has implemented the structural measures announced at the beginning of the year on time and is well on its way to become a major player on the stock market.
• CGRE ^AG is for the first time at the real estate trade fair Expo Real in Munich as partner of the Berlin-Brandenburg capital region stand (B2.420)

Leipzig, 25 September 2024 – CGRE ^AG, the listed real estate platform based in Leipzig, has received a ‘Buy’ recommendation for its shares in an update study by mwb research AG, with a target price of EUR 15.00.

Since the initial study in July, CGRE ^AG has made remarkable progress and has developed into a major player on the stock market following a reverse merger, according to the mwb Research AG report.  An investment in CGRE ^AG offers the potential to successfully benefit from the extraordinary development of the German property market.

‘We are consistently pursuing the company's realigned business model,’ explains Jürgen Kutz, member of the executive board of CGRE ^AG. ‘CGRE ^AG offers attractive investment opportunities for institutional investors and family offices interested in entering the market in a currently favourable acquisition environment.’

CGRE ^AG will be represented for the first time at the Expo Real real estate trade fair in Munich from 7 - 9 October 2024 as a partner of the Berlin-Brandenburg capital region stand at B2.240. 

‘With access to comprehensive planning, construction and land resources, CGRE ^AG can cover the entire value chain - a unique selling point that is rarely found on the German property market. In this respect, we are delighted to present the wide range of investment opportunities at the most important trade fair in the property sector,’ says Ronald Pofalla, speaker of the executive board of CGRE ^AG.

By cooperating with other significant market players, CGRE ^AG creates the ideal conditions for operating flexibly, reliably and efficiently on the German property and capital market, i.e. acquiring major construction and project developments, structuring the necessary financing and completing the construction work.

The current mwb research AG report on CGRE ^AG is available on CGRE ^AG 's corporate website (Investorenmitteilungen-page - CGRE AG: Aktuelle Informationen für Investoren) in the ‘Investor Relations’ section under ‘Investor announcements’ and via Becoming a major player on the German real estate market; BUY

About CGRE ^AG

CGRE ^AG is a property company based in Leipzig and listed on the open market of the Frankfurt Stock Exchange. The stock corporation is operationally organised in three divisions with different weightings: property portfolio with current income (Yield), construction projects with a medium-term completion horizon (Growth) and building land development (Site). In addition to traditional portfolio management, the company will focus on the project development of modern and sophisticated urban neighbourhoods.


Contact:
Jürgen Kutz
CEO
aktie@cgre.ag