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Grand City Properties

Listed 18/09/2019

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 (...)

Listed 23/04/2019

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 (...)

Listed 18/03/2019

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 (...)

Listed 28/11/2018

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% (...)

Housing 12/10/2018

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 – (...)

Listed 04/09/2018

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 (...)

Listed 30/08/2018

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, (...)

Listed 27/08/2018

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 (...)

Hospitality 14/06/2018

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 (...)

Listed 08/06/2018

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 (...)

Listed 16/05/2018

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 (...)

Housing 19/03/2018

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 (...)

Listed 17/01/2018

German residential developer Instone to favour IPO in first half - BIE sources

German residential property developer Instone, formed last year by the Jersey-based ActivumSG from two subsidiaries, is likely to favour a stock market flotation this (...)

Housing 17/10/2017

German resi stocks still offer value; price, rental cycle to go further

Investment bank HSBC remains optimistic about German residential real estate, saying in a study of the sector Monday that the end of the price (...)