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Grand City Properties

Residential Germany Apartment

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After weeks in which hundreds of millions were wiped off the value of listed German real estate companies, trading on the last day of August saw powerful rebounds in the share prices of leading German companies with exposure to the residential... Read more

Markets

Investment

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Listed Berlin commercial property investor TLG Immobilien AG bought a nearly 10% stake in fast-growing rival real estate company Aroundtown AG for just over €1bn, and is contemplating a full merger with the company, which would create one of... Read more

Investment

Center Parcs - Park Eifel

© Groupe Pierre & Vacances-Center Parcs

Germany’s largest listed commercial real estate company Aroundtown SA is buying seven Center Parcs Europe holiday parks from Blackstone for about €1bn, in a deal that looks like it was brokered by Eastdil Secured. Read more

Companies

Charles Kingston - REFIRE

REFIRE

The news this week that Caterpillar, often viewed as a bellwether industrial group, reported a sharp slow down in sales in China will have been widely noted in Germany, many of whose leading exporters will shortly be perusing their own results for... Read more

Opinion

Hotel

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Listed German commercial real estate investor Aroundtown featured in two prominent German hotel deals this month, as part of its almost frenetic acquisition and disposal strategy since taking a full German stock exchange listing last year. Read more

Investment

Residential - Aroundtown

Aroundtown Property Holdings Plc.

The Luxembourg-headquartered Aroundtown, currently the largest listed German commercial real estate company, raised gross proceeds of €606m by privately placing 95 million new shares at €6.38 in a recent capital increase. Read more

Companies

Florian Goldgruber - ADO Properties

ADO Properties

Several listed German property investors have been taking advantage of the ongoing strength of the German economy and particularly its residential housing market to tap the capital markets for fresh financing. These are unlikely to be the last deals Read more

Markets

Christian Windfuhr - Grand City

GCH Hotels GmbH

Frankfurt-listed German housing investor Grand City Properties (GCP) said it plans to change its listing from the less-demanding Entry Standard to the higher level Prime Standard of the Deutsche Börse, "probably by the end of this year 2017 at the... Read more

Companies

Residential - Aroundtown

Aroundtown Property Holdings Plc.

The Cyprus-based Aroundtown Property Holdings, which focuses on value-added income-gerating properties in Germany, saw its rental and operating income rising in the first six months by 138% to €110m. Read more

Companies

Christian Windfuhr - Grand City

GCH Hotels GmbH

The Euronext and Frankfurt-listed Aroundtown Property, which specialises in investing in turnaround assets in Germany through stakes in several listed firms, said first-quarter funds from operations increased 73% to €33m on the back of portfolio... Read more

Companies

Christian Windfuhr - Grand City

GCH Hotels GmbH

Fast-growing German listed housing firm Grand City Properties posted a nine month increase of 65% in both net profit, to €286m, and funds from operations FFO, to €88m, boosted by strong portfolio growth and lower financing costs. Read more

Companies

IPO

© Pavel Ignatov - Fotolia.com

The Cyprus-registered Aroundtown Property Holdings plc has raised €320m in a capital increase following its June IPO on the Paris stock exchange. The discrete holding company is principally involved in investing in turnaround assets in Germany... Read more

Companies

German residential

© Tiberius Gracchus - Fotolia.com

Frankfurt-listed residential property investor Grand City Properties has bought 10,500 German residential units in several transactions totalling €330m. Read more

Companies

Christian Windfuhr - Grand City

GCH Hotels GmbH

The listed Luxembourg-based Grand City Properties, which invests in German residential real estate with turnaround potential, continued to post strong figures in the third quarter, boosting nine months FFO by 138% to €53m after ‘strong internal... Read more

Investment

Börse Frankfurt

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Grand City Properties, the fast-growing Luxembourg-based investor in German residential housing, successfully placed a €500m 7-year secured bond with a coupon of 2.0% this week, targeting the proceeds at the buyback of an earlier €350m bond paying... Read more

Investment

Krit Srichawla - FICO

FICO CORPORATION

It’s not just Asian investment groups from China, Taiwan and Korea that are looking further afield than their home markets for new opportunities. Thai group Fico Corporation is also moving out beyond its traditional roots in Thailand to make its... Read more

Companies

Economic growth

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Two German listed companies tapped the bond markets successfully again over the past few weeks, as financing via bonds continues to find favour. TAG Immobilien and Grand City Properties, both hungry to acquire further residential property portfolios, Read more

Companies

Convertible Bonds

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We report elsewhere in this issue on a number of bond issues from German real estate companies, including TAG Immobilien, Grand City Properties and Austria's UBM Immobilien, which highlight the increasing role that bonds, and in particular... Read more

Markets

Residential Property Germany

© Stockfotoart - Fotolia.com

There has been growing investor interest in Frankfurt-listed residential turnaround specialists Grand City Properties since it went public last year and has seen its stock go in only one direction so far. This month the company increased its... Read more

Investment

Wachstum

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The Luxembourg-based Grand City Properties, which focuses on turnaround opportunities in German residential property, was one of REFIRE’s nap selections last summer for subsequent strong performance, along with VIB Vermögen AG. Both have performed... Read more

Companies