The Grounds Real Estate Development AG acquired a plot of land with a residential complex in Fehrbellin (Brandenburg). Constructed in 1980, the building with three staircases comprises a total of 24 residential units with 1,503 m2 of total rentable area. There are also 15 car parking spaces on the plot.

Thanks to regular maintenance, the complex is in good technical condition and is fully occupied. The Grounds intends to hold the acquired real estate property in its own fixed assets on a long-term basis. Fehrbellin is situated around 60 km northwest of Berlin and has good regional and transregional traffic connections.

Several state highways cross the local authority area; the A 24 motorway (Berlin-Hamburg) can also be reached from Fehrbellin in a few minutes. Theodor Fontane's town of Neuruppin with its numerous shopping opportunities together with leisure and cultural offerings is only 12 km away.