Grand City Properties
CEO) | |
Number of employees | Approx 800 (2020) |
---|---|
Website | www.grandcityproperties.com |
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]
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
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
- ^ a b "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. 19 March 2019.
- ^ "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. Archived from the original (PDF) on 2018-09-21. Retrieved 2018-09-20.
- ^ "GCP EPRA Report 2018" (PDF). Grand City Properties. Archived from the original (PDF) on 2018-09-21. Retrieved 2018-09-20.
- ^ "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. Archived from the original on December 19, 2019. 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.
- ^ "Grand City Properties SA". Reuters.
- ^ "Aktie im Fokus: Grand City Properties S.A. Erfolgreichster IPO seit 2007". broker-test.de. 14 August 2017.
External links
- Official websiteGrand City Properties aims to join major Frankfurt stock index next year[dead link]
- 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