bit by bit Holding AG operates under the name Red Rock Capital AG
- Foundations for realignment to become a project developer and a holding of real estate service companies have been created
- Operational business is to be set up quickly
Langenhagen – Hanover, 05 November 2018 – Bit by bit Holding AG has become Red Rock Capital AG (ISIN: DE000A1RFML1). Various article amendments were adopted and entered into the commercial register at the Annual General Meeting on 8 August.
The Red Rock Capital AG, which is now based in Langenhagen (Hanover region), is to act as a holding company for service providers for the real estate industry and as a project developer with a focus on German residential real estate. In addition to investing in traditional project developers and service providers for sourcing, marketing, controlling, construction and project management, Red Rock will also concentrate on innovative licensors for construction companies. Real estate developments in Germany are mainly to be settled and sold through their future subsidiaries, whereby the group is intended to specialise in housing construction in densely populated areas. It is additionally planned to hold existing properties, including the servicing of particularly attractive niche markets such as retirement homes and nursing homes.
The General Meeting also provided the framework for future capital measures for financing the operational business development and expansion. Thus, the company is allowed to both carry out a concrete cash capital increase and to make use of new authorised capital.
Henceforth Red Rock Capital AG has a new website at: www.redrock-capital.ag
Red Rock Capital AG
Thomas Prax, Board
In den Kolkwiesen 68
D-30851 Langenhagen – Hanover
Phone: +49 (0)511 676859 110
Fax: +49 (0)511 676859 101
Ingo Janssen, CEO
Haus der Wirtschaft, Kapstadtring 10
Phone: +49 (0)40 6378 5410
Fax: +49 (0)40 6378 5423
About Red Rock Capital AG
The listed Red Rock Capital AG, headquartered in Langenhagen, is expected to focus on German residential property and to function as the holding company of service providers for the real estate sector and as project developer.
That way, it is intended to build up shares in both classic project developers as well as service companies for sourcing, marketing, controlling, construction and project management. Here, for example, we target service providers that allow the construction industry to realise projects faster and more efficiently.
The extensive network of Red Rock Group offers essential support for the fast development and expansion of our operating business as it is planned and for inorganic growth.
In the field of project development, investments in real estate with development requirements are planned with the aim to explore and profit from above-average value added potential. The real estate developers of the group should thereby primarily focus on housing construction in urban areas within Germany. By this, they react to the sustaining high demand for housing in German cities. As a result, all of the group’s real estate projects benefit from the stability and low cyclicality of urban real estate markets and the continued value enhancement in all areas of the real estate sector.
The apartments of the Red Rock Group should mostly be sold to buyers who create long-term capital investments via real estate, but also to owner-occupiers. Since the purchase of housing is usually subsidised by the state, real estate is one of the most attractive investment opportunities. In particular, the tax depreciation options for listed buildings and constantly rising rental prices as well as a high, tax-free resale yield after the so-called speculation period of ten years are major incentives for many people in Germany to invest their capital in residential property. In addition Red Rock Capital also addresses institutional investors – including funds, housing cooperatives, insurance companies and banks, as well as family offices and independent pension funds. Other property and project developers can purchase planned projects including a building permit before the start of construction from Red Rock.
Finally the concept of Red Rock Group should also involve to hold existing properties, including the operation of particularly attractive niche markets such as retirement homes and nursing homes.