Grand City Properties S.A.

Grand City Properties S.A.

Type	Société Anonyme
ISIN	🆔ISIN: [https://en.everybodywiki.com/index.php?title=Toollabs:isin/&language=de&isin=LU0775917882 LU0775917882]
Industry	Real Estate, Residential
Founded 📆	2006 (2006)
Founder 👔
Area served 🗺️
Key people	Rafael Zamir (CEO)
Members
Number of employees	Approx 800 (2020)
🌐 Website	www.grandcityproperties.com
📇 Address
📞 telephone

Grand City Properties S.A. [“GCP”] is a residential real estate company, based in Luxembourg. Grand City Properties is a specialist in residential real estate, investing in value-add opportunities in densely populated areas predominantly in Germany.

Company

The Company went public in 2012 and is listed on the Frankfurt Stock exchange [3] , and it is included in major indices such as SDAX [4], FTSE EPRA/NAREIT, GPR 250 [5]. According to the Frankfurter Allgemeine Zeitung in 2017, the IPO of Grand City Properties was the most successful IPO in Germany since 2007 [6]. The company's portfolio has expanded significantly over the years, making it a key player in the European real estate market [7]. Its largest shareholder is Aroundtown (through Edolaxia Group) [5] [8]. GCP maintains a strong investment grade credit rating from S&P Ratings [9].

Operations

GCP’s investment focus is on the German and London residential markets that it perceives to benefit from favorable fundamentals. The Group’s current portfolio is predominantly focused on densely populated urban areas, primarily Berlin, North Rhine-Westphalia, London, the metropolitan regions of Leipzig, Dresden and Halle, as well as other major cities and urban centers in Germany [10]. The Company follows a selective acquisition criteria and benefits from internal growth potential from the acquisitions of high cash flow generating and under-rented properties with vacancy reduction potential [2].

Business Model

Grand City Properties follows a value-add strategy by identifying underperforming residential properties, improving them through active management and repositioining, and increasing occupancy rates. The company operates a centralized service center and has an app, GCP App [11], to coordinate tenant services and ensure high tenant satisfaction [12].

Sustainability

As part of its ESG strategy, the company integrates sustainability measures into its operations [12]. and supports local organizations through the GCP Foundation [13]. The foundation contributes to various social initiatives aimed at improving community welfare.

History

Grand City Properties S.A. business activity was founded by Yakir Gabay in 2004. 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 and market cap of €3.6 billion. The Company’s IPO is considered the most successful in the Frankfurt Stock Exchange in the last decade, with a 8 fold increase in share price within 8 years.

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) Archived 2019-12-19 at the Wayback Machine
• 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

This article "Grand City Properties" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Grand City Properties. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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