DGAP-News: HELMA Eigenheimbau AG announces land purchases with around EUR 54.5 million of revenue potential
(firmenpresse) - DGAP-News: HELMA Eigenheimbau AG / Key word(s): Miscellaneous
HELMA Eigenheimbau AG announces land purchases with around EUR 54.5
million of revenue potential
09.09.2011 / 09:15
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HELMA Eigenheimbau AG announces land purchases with around EUR 54.5 million
of revenue potential
Lehrte, September 9, 2011 - HELMA Eigenheimbau AG, the specialist for
individual solid construction houses and sustainable energy concepts, has
acquired several attractive plots of land through its subsidiaries HELMA
Wohnungsbau GmbH and HELMA LUX S.A., which underpin the planned further
expansion of the high-margin project business within the HELMA Group. The
revenue potential (land plus houses) from the land purchases that are
described in greater detail below, and whose purchase prices including
ancillary costs amount to a total of around EUR 14.1 million, stands at
approximately EUR 54.5 million.
'CARLSGARTEN' IN BERLIN / APPROXIMATELY 158 UNITS / AROUND EUR 46 MILLION
OF REVENUE POTENTIAL:
HELMA Wohnungsbau GmbH has realised the largest and most significant land
purchase in the company's history with the purchase of the fourth and final
construction stage in Berlin Karlshorst from the Berlin/Brandenburg branch
of TLG IMMOBILIEN GmbH. The plot of land comprises a net construction area
of approximately 58,000 m², where the development of 103 individual
detached homes and 55 units in a dense construction manner is planned. The
revenue potential (land plus houses) arising from the land purchase stands
at around EUR 46 million, which should be predominantly realised over the
years 2012-2014 given a total project duration (complete sale, and the
construction of the houses) of approximately five years. In this context,
construction will not start on the individual houses until the respective
houses have been sold to end-customers, in line with the company's
accustomed business model. Sales will commence shortly.
'We are very pleased to continue with our successful 'Carlsgarten' project
in Berlin over the coming years,' was how HELMA Eigenheimbau AG's CEO,
Karl-Heinz Maerzke, expressed his great satisfaction with the transaction.
'Despite the above-average dimension of the land area, and the related,
relatively high investment sum involved, this project is both extremely
attractive for us, and low-risk, since we have already successfully
implemented the first three construction stages over the past years. As a
consequence, we are highly familiar with the area, and we are aware of the
high demand that our individual solid-construction houses encounter there.
Besides this, the well over one hundred satisfied reference customers in
the immediate neighbourhood comprise an enormous sales advantage,' Maerzke
went on to add.
FURTHER PROJECTS IN VARIOUS MAJOR CITIES / 15 UNITS / AROUND EUR 8.5
MILLION REVENUE POTENTIAL:
Above and beyond the aforementioned land purchase, the HELMA Wohnungsbau
GmbH and HELMA LUX S.A. subsidiaries have acquired various plots of land to
implement smaller projects of two to four units each in Hamburg-Blankenese,
Hanover-Bothfeld, Heilbronn, Munich-Moosach and Luxembourg-Ettelbrück. The
total net construction area of these land plots stands at around 4,300 m².
The total of 15 units that are planned on the individual land plots carry a
revenue potential (land plus houses) of EUR 8.5 million, which will
prospectively be realised predominately in 2012 given that most of the
sales will commence during this financial year.
ABOUT HELMA EIGENHEIMBAU AG:
HELMA Eigenheimbau AG is a customer-oriented building services-provider
offering a full range of services. The focus is on the development,
planning, sale, and construction management of turnkey or partially
completed detached and semi-detached houses using the solid construction
method. Particularly the option of individual planning and
individualisation without extra costs, as well as the company's outstanding
know-how in the area of energy-efficient construction methods, are
perceived on the markets as HELMA Eigenheimbau AG's unique selling
propositions. With its persuasive sustainable energy concepts, the company
has established itself as one of the leading providers of solar
energy-saving homes, and is one of the most experienced companies in the
solid construction house sector, having constructed several thousand
owner-occupier homes. As a property development company, holiday home
builder, and finance broker respectively, HELMA Wohnungsbau GmbH, HELMA
Ferienimmobilien GmbH and Hausbau Finanz GmbH round out HELMA Group's
product range.
INVESTOR RELATIONS CONTACT:
Gerrit Janssen, Management Board member/CFO
Tel.: +49 (0)5132 8850 113
E-mail: ir(at)helma.de
End of Corporate News
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09.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: HELMA Eigenheimbau AG
Zum Meersefeld 4
31275 Lehrte
Germany
Phone: +49 (0)5132/8850-0
Fax: +49 (0)5132/8850-111
E-mail: info(at)helma.de
Internet: www.helma.de
ISIN: DE000A0EQ578
WKN: A0EQ57
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
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138769 09.09.2011
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Datum: 09.09.2011 - 09:15 Uhr
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