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PRESS RELEASE: Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable

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DGAP-News: CONSUS Real Estate AG / Key word(s): Rating
Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable

2020-12-18 / 10:31
The issuer is solely responsible for the content of this announcement.

*Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook
stable*

Consus Real Estate AG ("Consus"): S&P Global Ratings (S&P) announced an
upgrade of Consus' rating to 'BB-' for the company and 'B+' for the senior
secured notes. The outlook remained stable.

The rating upgrade reflects S&P's view that Consus' credit profile is
enhanced by its strategic importance to its parent company Adler Group S.A.
S&P sees Consus' landbank as a strategic platform to fuel Adler's future
growth and develop mainly residential assets in Germany for holding purposes
in the medium-to-long term.

The stable outlook reflects S&P's expectation of Consus being able to
continue to benefit from the favourable fundamentals of the German
residential real estate market and strong demand.

*Contact:*
Investor Relations
investors@consus.ag
+49 30 965 357 90 264

*About Consus Real Estate AG*
Consus Real Estate AG ("Consus"), with its headquarters in Berlin, is the
leading real estate developer in the top 9 cities in Germany. As of 30
September 2020, Consus' development portfolio had a gross development value
(GDV) of EUR 10.6 billion. Pro forma for the upfront sales announced in May
2020, the development portfolio has a GDV of EUR 8.6 billion. Consus focuses
on the development of neighbourhoods and standardised multi-storey
residential construction, which are sold to institutional investors through
forward sales. Due to its own construction expertise and the digitalisation
of construction processes, Consus operates along the entire value chain of
real estate development. Consus provides the realisation of projects from
planning and execution to handover, property management and related services
through its subsidiaries Consus RE GmbH and Consus Swiss Finance AG. The
shares of Consus are included in the scale segment of the Frankfurt Stock
Exchange and the m:access segment of the Munich Stock Exchange and are
traded via XETRA in Frankfurt, among others.

2020-12-18 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: CONSUS Real Estate AG
Kurfürstendamm 188-189
10707 Berlin
Germany
Phone: +49 (0)30 965 357 90 300
E-mail: info@consus.ag
Internet: www.consus.ag
ISIN: DE000A2DA414
WKN: A2DA41
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale),
Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1156238

End of News DGAP News Service

1156238 2020-12-18



(END) Dow Jones Newswires

December 18, 2020 04:31 ET ( 09:31 GMT)
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