Grand City Properties
Grand City Properties S.A. is a residential real estate company, headquartered in Luxembourg.[2] It invests in value-add residential opportunities in the largest cities and metropolitan areas of Germany and London. With 63.000 apartments,[3] Grand City Properties is one of the largest residential real estate companies in Europe.[4]
Type | Société Anonyme |
---|---|
ISIN | LU0775917882 |
Industry | Real Estate, Residential |
Founded | 2006[1] |
Key people | Rafael Zamir (CEO) |
Number of employees | Approx 800 (2020) |
Website | www.grandcityproperties.com |
Company
The company has annual net rent of €560 million and is distributing annual dividends of around €138 million. As of December 2019, the company’s asset value is €11 billion[5] and equity €5 billion. The net profit in 2019 was €493 million and €340 million in 1-9/2020.[6]
The largest single shareholder with 40% is Aroundtown SA, which is 10% owned by Yakir Gabay.[7][8]
The company's portfolio is focused on properties in the metropolitan areas in the state of North Rhine-Westphalia and the cities of Berlin, Dresden, Leipzig, Hamburg and London.[9][10]
Sustainability
The European Public Real Estate Association EPRA has awarded Grand City Properties S.A. the Gold Award for sustainability. In addition, the company was awarded the first place in the category "outstanding contribution to society", in which the outstanding tenant service was acknowledged.[11]
2017 for the first time, the company has published a sustainability report and in 2018 an EPRA report.[12][13]
History
Grand City Properties S.A. business activity was founded by Yakir Gabay in 2004.[1] The first residential acquisitions started in the center of Berlin.
The company’s stock was listed on the Frankfurt Stock Exchange in mid 2012 at a price per share of €2.7 and market cap of €150 million. As of December 2020, the Company is listed on the Frankfurt Prime Standard and is included in the MDAX index, at a share price of €20[14] and market cap of €3.6 billion.[15][16][17][18] The Company’s IPO is considered the most successful in the Frankfurt Stock Exchange in the last decade, with a 8[19] fold increase in share price within 8 years.[20][21]
References
- "Corporate Milestones". grandcityproperties.com.
- "Company Overview of Grand City Properties S.A." bloomberg.com. Bloomberg.
- "Das Frauenquötchen". www.immobilien-zeitung.de (in German). Retrieved 2020-12-28.
- "Gehört meine Wohnung Berlins größten Eigentümern?". tagesspiegel.de.
- "News and Ad-Hoc". www.grandcityproperties.com. Retrieved 2020-12-28.
- "GCP_H1_2020_results" (PDF). Grand City Properties S.A.
- "Company - Aroundtown SA - Largest German Listed Commercial Real Estate Company". www.aroundtown.de.
- "#616 Yakir Gabay". forbes.com.
- "Deutsche Wohnen kauft rund 3000 Wohnungen hinzu". manager-magazin.de.
- "Operatives Ergebnis: Grand City Properties erzielt stabilen Gewinn trotz Coronakrise". www.handelsblatt.com (in German). Retrieved 2020-12-28.
- "Outstanding Contribution to Society Award".
- "Sustainability Report 2017" (PDF). Grand City Properties.
- "GCP EPRA Report 2018" (PDF). Grand City Properties.
- "Grand City Properties Aktie (A1JXCV,GRNNF,LU0775917882)". finanzen.net (in German). Retrieved 2020-12-28.
- "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". en.boerse-frankfurt.de.
- "Grand City Properties aims to join major Frankfurt stock index next year". Reuters (in German). 2016-10-31. Retrieved 2019-12-19.
- "Immobilienfirma klopft an die MDax-Tür". handelsblatt.com.
- "Grand City Properties erzielt stabilen Gewinn trotz Coronakrise". handelsblatt.com.
- Börse Frankfurt (2020-12-28). "Frankfurter Börse". www.boerse-frankfurt.de. Retrieved 2020-12-28.
- Reuters. "Grand City Properties SA". Reuters.
- "Aktie im Fokus: Grand City Properties S.A. Erfolgreichster IPO seit 2007". broker-test.de.
External links
- Official websiteGrand City Properties aims to join major Frankfurt stock index next year
- Lured by Pre-Brexit Bargain, German Buyer Goes on London Real Estate Spree
- GYC Stock Forecast, Price & News (Grand City Properties)
- גרנד סיטי פרופרטיז הנפיקה מניות ואג"ח תמורת 300 מ' א'
- הישראלי הכי מצליח בברלין, יקיר גבאי, כבר שווה 650 מיליון דולר
- גרנד סיטי פרופרטיז: גידול של 59% ברווח הנקי במחצית הראשונה