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GRAND CITY PROPERTIES

Investment fund - Investment company / Real estate developer

Last update September 19, 2019 | Report an error

Claudio Jarczyk

Member of the Board

Katrin Petersen

Head of Communications

Andrew Wallis

Vice Chairman

Christian Windfuhr

Chief Executive Officer (CEO)

Listed

Berlin's TLG raises €1bn financing at 1.875% to cover 10% Aroundtown stake

Berlin's TLG Immobilien has raised €1bn financing at 1.875% to cover a 9.99% stake in peer Aroundtown as the two move toward a merger to create (...)

Listed

Europe's listed property shifts as Baer takes Spain stakes, Aroundtown raises at Globalworth

Europe's listed property holdings are shifting. Swiss Julius Baer has taken stakes in Spain's Metrovacesa and Neinor, while Aroundtown's holding in AIM's Globalworth has risen to (...)

Listed

Lux Grand City boosts 2018 FFO 11% to €198m, 2019 guidance up to €213m

Luxembourg-registered housing firm Grand City Properties, an affiliate of Aroundtown, grew 2018 FFO by 11% to €198m, though net profit fell. This year’s FFO guidance is (...)

Listed

Largest quoted German CRE firm Aroundtown ups AUM 34% to €13.2bn

Listed German commercial property group Aroundtown, the nation's largest by assets, grew its portfolio 34%yy to €13.2bn in third quarter. Funds from operations rose 12% per share. The (...)

Housing

Foreign ownership in French housing is no cause for concern

The participation of Germany's Vonovia and Zurich's Swiss Life in the winning bid for French SNCF's housing portfolio is good for Europe, good for France – and may (...)

Listed

Growing investor interest boosts EPRA Berlin conference over 400 participants

The EPRA annual conference in Berlin, which starts today, has attracted over 400 participants, the largest to date, as investors seek personal contact with execs from (...)

Listed

Aroundtown's IH FFO surges 46% to €189m, AUM up €3bn ytd

Fast-growing European commercial property group Aroundtown posted a 46% surge in first half FFO to €189m, up 6% per share, and made over €1.4bn of acquisitions, taking total (...)

Listed

Germany-focused Grand City boosts 1H FFO 16% to €99m

Germany-focused listed housing firm Grand City Properties, an affiliate of the Aroundtowngroup, increased first half funds from operations by 16% to €99m, and said it is on (...)

Hospitality

Swedish listed Balder enters Germany, paying €58m for seven hotels

Swedish listed real estate group Balder has made its first investment in Germany, paying €58m for seven hotels, two of which in Berlin, and says the deal is (...)

Listed

Aroundtown appoints Cromme to board after 54%yy 1Q FFO surge

Fast-growing listed CRE group Aroundtown has appointed one of Germany's most high-profile managers to its advisory board just days after releasing first quarter figures showing a 54%yy rise (...)

Listed

Listed Aroundtown makes €720m sales ytd at 12% above book

Fast-growing European quoted commercial property group Aroundtown, which also controls listed German housing firm Grand City Properties, has sold over €720m in non-core assets year to date at (...)

Housing

German housing group Grand City boosts FFO1 by 11% but net profit slips

Grand City Properties, the listed German housing investor, reported a 11% rise in 2017 FFO1 to €178m, though net profit slipped to €639m. At year end (...)