RIB Software, the world’s leading provider of 5D BIM Big Data technology for the construction industry, announces the conclusion of a large deal with CG Gruppe AG, the German market leader in the field of storey rental housing construction for institutional capital management companies.

Erik von Stebut, Managing Director of RIB Deutschland GmbH, comments: "We are very pleased that the CG Gruppe, one of the leading project developers in Germany, will rely on the integrated iTWO 4.0 enterprise solution from RIB. In all planning and execution phases, the CG Gruppe will therefore benefit from transparent budgeting and full cost control."

The next step is to network iTWO 4.0's complete model-based approach with purchasing, production and logistics processes. This will create the most innovative solution on the market in the coming months, covering all project phases from planning to operation.

"Together with RIB, we are implementing a solution that digitizes all processes in the property's value chain from initial idea to completion and rental. This creates systems and products that have not yet existed on the German market. In the CG Group, information technology is no longer just a support function but a core competency," explains Christoph Gröner, CEO of CG Gruppe AG. "For the practical implementation in construction, this solution provides tremendous acceleration and accurate cost forecasting and cost tracking," reaffirms Gröner.

About CG Gruppe AG

The CG Gruppe is a real estate developer with its own construction expertise. For more than twenty years, the company has handled all development, construction and sale of its residential and commercial properties nationwide. Investments are focused on major German cities such as Berlin, Leipzig, Dresden, Frankfurt/Main, Cologne, and Düsseldorf. More than 250 staff members provide for frequent high quality and sustainability of all real estate products in terms of acquisition, development, and construction. The company’s core business is the construction of rental buildings and their placement with institutional investors. In this segment, the CG Gruppe holds the market-leading position in Germany. The CG Group AG is currently preparing projects worth EUR 1.8 billion. The company’s performance horizon invested within the coming five to seven years totals approximately EUR 3.9 billion.