ANNUAL REPORT | 2022

ANNUAL REPORT

for the financial year

1 January to 31 December

2022

This annual report was published on 28 April 2023 and is also available in English. The German­version takes precedent in the case of any doubt.

Both versions of the annual report are available online on our website: www.thegroundsag.com/geschäftsberichte.html www.thegroundsag.com/annual-reports.html

For reasons of better legibility, we mostly use the masculine form of personal nouns in this annual report. This always refers to female and male persons at the same time and expressly includes other gender identities.

CONTENT

06

Key Figures

08

Letter to Shareholders

12

Report of the Supervisory Board

16

Portfolio and Properties

24

The Grounds on the Capital Market

32

Group Management Report

77

Consolidated Financial Statements

86

Notes to the Consolidated Financial Statements

144

Independent Auditor's Report

150

Financial Calendar

151

Credits

05

Attachments

Disclaimer

Grounds Real Estate Development AG published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 05:56:03 UTC.