The Grounds Real Estate Development AG’s reverse IPO and capital increase


Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company.

Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.

The Grounds Group focuses on the acquisition and development of residential real estate. Its objective is to provide affordable housing for different phases of life. The group focuses on special properties such as student and senior citizens’ residences in metropolitan regions in Germany and at attractive sites as well as in up-and-coming peripheral locations.

Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG with a team including Thorsten Kuthe (Picture), Meike Dresler-Lenz, Anna Richter, Miriam Schäfer (Capital Markets) and Karl-Josef Stöhr (Real Estate & Construction).

Involved fees earner: Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Meike Dresler-Lenz – Heuking Kühn Lüer Wojtek; Anna Richter – Heuking Kühn Lüer Wojtek; Miriam Schäfer – Heuking Kühn Lüer Wojtek; Karl-Josef Stöhr – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: The Grounds Real Estate Development AG;