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{{Infobox company
{{Infobox company
| name = Grand City Properties S.A.
| name = Grand City Properties S.A.
| logo = Grand City Logo Schwarz.png
| logo = GCP logo 2021.svg
| type = [[Société Anonyme (Luxemburg)|Société Anonyme]]
| type = [[Société Anonyme (Luxemburg)|Société Anonyme]]
| ISIN = LU0775917882
| ISIN = {{ISIN|sl=n|pl=y|LU0775917882}}
| industry = Real Estate, Residential
| industry = Real Estate, Residential
| key_people = Christian Windfuhr ([[CEO]])
| key_people = Rafael Zamir ([[CEO]])
| founded = 2006<ref>{{cite web |url=http://grandcityproperties.com/en/company-profile/ |website=grandcityproperties.com |title=Company Profile }}</ref>
| founded = {{start date and age|2006}}<ref name="MiSt">{{cite web |url=https://www.grandcityproperties.com/about-us/corporate-milestones/ |website=grandcityproperties.com |title=Corporate Milestones }}</ref>
| revenue =
| revenue =
| assets =
| assets =
| num_employees = Approx 800 (2017)
| num_employees = Approx 800 (2020)
| website = [http://www.grandcityproperties.com www.grandcityproperties.com]
| website = [http://www.grandcityproperties.com www.grandcityproperties.com]
}}
}}


'''Grand City Properties S.A.''' is a [[Real_estate#Residential_real_estate|residential real estate]] company, headquartered in [[Luxembourg]].<ref>{{cite web |url=https://www.reuters.com/article/brief-grand-city-properties-rental-and-o/brief-grand-city-properties-rental-and-operating-income-increased-to-495-million-euro-from-436-million-euro-in-2016-idUSASO00023Z |title=Grand City Properties Rental and Operating Income|publisher=Reuters |website=reuters.com |date=19 March 2018 }}</ref><ref>{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=207701627 |title=Company Overview of Grand City Properties S.A. |publisher=Bloomberg |website=bloomberg.com }}</ref> It invests in value-add residential opportunities in the largest cities and metropolitan areas of [[Germany]]. With 85.000 apartments,<ref>{{cite web |url=https://www.aroundtown.de/portfolio/ |title=Portfolio |website=aroundtown.de }}</ref> Grand City Properties is the 4th largest residential real estate company in Europe (based on [[market cap]]).
'''Grand City Properties S.A.''' is a [[Real estate#Residential real estate|residential real estate]] company, headquartered in [[Luxembourg]].<ref>{{cite web |url=https://www.bloomberg.com/profile/company/GYC:SW |title=Company Overview of Grand City Properties S.A. |publisher=Bloomberg |website=bloomberg.com }}</ref> It invests in value-add residential opportunities in the largest cities and metropolitan areas of [[Germany]] and London. With 63.000 apartments,<ref>{{Cite web|title=Das Frauenquötchen|url=https://www.immobilien-zeitung.de/159048/frauenquoetchen|access-date=2020-12-28|website=www.immobilien-zeitung.de|language=de}}</ref> Grand City Properties is one of the largest residential real estate companies in Europe.<ref>{{cite web |url=https://interaktiv.tagesspiegel.de/lab/eigentuemersuche/ |title=Gehört meine Wohnung Berlins größten Eigentümern? |website=tagesspiegel.de }}</ref>


== Company ==
== 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<ref>{{Cite web|title=News and Ad-Hoc|url=https://www.grandcityproperties.com/investor-relations/publications/news-and-ad-hoc/|access-date=2020-12-28|website=www.grandcityproperties.com}}</ref> and equity €5 billion. The net profit in 2019 was €493 million and €340 million in 1-9/2020.<ref>{{cite web|url=https://www.grandcityproperties.com/fileadmin/user_upload/03_investor_relations/Downloads/2020/GCP_Q2_2020.pdf|title=GCP_H1_2020_results |website=Grand City Properties S.A.}}</ref>


The company has annual net rent of €360 million and is distributing annual dividends of around €130 million. As of June 2018, the Company’s asset value is €9 billion, equity €4.3 billion, and funds from operations (FFO1) annualized of €200 million.<ref>{{cite web|url=https://www.grandcityproperties.com/CompanyPresentation.pdf|title=Company Presentation |website=Grand City Properties}}</ref> The net profit in 2017 was €640 million and €270 million in H1 2018.<ref>{{cite web|url=https://www.grandcityproperties.com/GCP_H1_2018_results.pdf|title=GCP_H1_2018_results |website=Grand City Properties S.A.|url-status=dead}}</ref>
The largest single shareholder with 40% is [[Aroundtown SA]], which is 10% owned by [[Yakir Gabay]].<ref>{{cite web|url=https://www.aroundtown.de/company/|title=Company - Aroundtown SA - Largest German Listed Commercial Real Estate Company|website=www.aroundtown.de}}</ref><ref>{{cite web|url=https://www.forbes.com/profile/yakir-gabay/#7f00bc28766b|title=#616 Yakir Gabay|website=forbes.com}}</ref>

The largest single shareholder with 38%<ref>{{cite web|url=https://www.aroundtown.de/company/|title=Company - Aroundtown SA - Largest German Listed Commercial Real Estate Company|website=www.aroundtown.de}}</ref> is Aroundtown SA, which is 35% owned by Yakir Gabay. The remaining shareholders of Grand City Properties S.A. are international institutional investors such as [[BlackRock]], [[Fidelity]], [[Vanguard]], [[Sunlife]], and Edgepoint.

==== Management ====
Grand City Properties S.A. is managed by the Board, and has been led in the last 5 years by the CEO Christian Windfuhr and CFO Rafael Zamir.

They are supported by the Advisory Board, Risk Committee, Audit Committee, Nomination Committee and Remuneration Committee.


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.<ref>{{cite web|url=https://www.manager-magazin.de/lifestyle/artikel/immobilienboom-deutsche-wohnungen-und-gcp-kaufen-zu-a-1258482.html|title=Deutsche Wohnen kauft rund 3000 Wohnungen hinzu|website=manager-magazin.de|date=19 March 2019 }}</ref><ref>{{Cite web|title=Operatives Ergebnis: Grand City Properties erzielt stabilen Gewinn trotz Coronakrise|url=https://www.handelsblatt.com/finanzen/immobilien/operatives-ergebnis-grand-city-properties-erzielt-stabilen-gewinn-trotz-coronakrise/26101654.html|access-date=2020-12-28|website=www.handelsblatt.com|language=de}}</ref>
⚫
==== Sustainability ====
ESG (Environmental, Social, Governance) considerations form the core of Grand City Properties S.A. business model.<ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/en/sustainability.html|title=Sustainability - Grand City Properties S.A. |website=Grand City Properties S.A.}}</ref>


⚫
=== Sustainability ===
The [[European Public Real Estate Association]] [[EPRA]] has awarded Grand City Properties S.A. the Gold Award for sustainability. In addition, the company was awarded the first place in the category "outstanding contribution to society", in which the outstanding tenant service was acknowledged.<ref>{{cite web|url=http://www.epra.com/events/epra-activities/outstanding-contribution-society-award|title=Outstanding Contribution to Society Award|publisher=}}</ref>
The [[European Public Real Estate Association]] [[EPRA]] has awarded Grand City Properties S.A. the Gold Award for sustainability. In addition, the company was awarded the first place in the category "outstanding contribution to society", in which the outstanding tenant service was acknowledged.<ref>{{cite web|url=http://www.epra.com/events/epra-activities/outstanding-contribution-society-award|title=Outstanding Contribution to Society Award|publisher=}}</ref>


2017 for the first time, the company has published a sustainability report<ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/en/assets/uploads/Sustainability/GCP_CR_Report_2017_online.pdf|title= Sustainability Report 2017 |website=Grand City Properties}}</ref> and in 2018 an EPRA report.<ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/GCP_EPRA_Report_2018.pdf|title= GCP EPRA Report 2018 |website=Grand City Properties }}</ref>
2017 for the first time, the company has published a sustainability report and in 2018 an EPRA report.<ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/en/assets/uploads/Sustainability/GCP_CR_Report_2017_online.pdf|title=Sustainability Report 2017|website=Grand City Properties|access-date=2018-09-20|archive-date=2018-09-21|archive-url=https://web.archive.org/web/20180921190859/https://grandcityproperties.com/grandcityproperties.com/en/en/en/en/assets/uploads/Sustainability/GCP_CR_Report_2017_online.pdf|url-status=dead}}</ref><ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/GCP_EPRA_Report_2018.pdf|title=GCP EPRA Report 2018|website=Grand City Properties|access-date=2018-09-20|archive-date=2018-09-21|archive-url=https://web.archive.org/web/20180921190919/https://grandcityproperties.com/grandcityproperties.com/en/en/en/GCP_EPRA_Report_2018.pdf|url-status=dead}}</ref>


== History ==
== History ==
Grand City Properties S.A. business activity was founded by Yakir Gabay in 2004<ref>{{cite web|url=https://grandcityproperties.com/grandcityproperties.com/en/en/en/company-profile/index.html|title=Company Profile - Grand City Properties S.A.|first=Author|last=Name|website=grandcityproperties.com}}</ref>. The first residential acquisitions started in the center of Berlin.
Grand City Properties S.A. business activity was founded by Yakir Gabay in 2004.<ref name="MiSt"/> 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 mid 2018, the Company is listed on the Frankfurt Prime Standard and is included in the [[MDAX|MDAX index]], at a share price of €24 and market cap of €4 billion.<ref>{{cite web|url=http://en.boerse-frankfurt.de/stock/Grand_City_Properties-Share|title=Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news|website=en.boerse-frankfurt.de}}</ref><ref>{{Cite news|url=https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS|title=Grand City Properties aims to join major Frankfurt stock index next year|date=2016-10-31|work=Reuters|access-date=2019-12-19|language=de}}</ref><ref>{{cite web|url=https://www.handelsblatt.com/finanzen/maerkte/aktien/grand-city-properties-immobilienfirma-klopft-an-die-mdax-tuer/19763734.html|title=Immobilienfirma klopft an die MDax-Tür|website=handelsblatt.com}}</ref><ref>{{cite web|url=https://www.handelsblatt.com/finanzen/immobilien/operatives-ergebnis-grand-city-properties-erzielt-stabilen-gewinn-trotz-coronakrise/26101654.html?ticket=ST-2119505-S2mLImjhppy2hSzKRl1N-ap1|title=Grand City Properties erzielt stabilen Gewinn trotz Coronakrise|website=handelsblatt.com}}</ref> The Company’s IPO is considered the most successful in the [[Frankfurt Stock Exchange]] in the last decade, with a 9 fold increase in share price within 6 years.<ref>{{cite web|url=https://www.reuters.com/finance/stocks/chart/GYC.DE|title=${Instrument_CompanyName} ${Instrument_Ric} Chart- Reuters.com|first= |last=Reuters|website=Reuters}}</ref>
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|MDAX index]], at a share price of €20<ref>{{Cite web|title=Grand City Properties Aktie (A1JXCV,GRNNF,LU0775917882)|url=https://www.finanzen.net/aktien/grand_city_properties-aktie|access-date=2020-12-28|website=finanzen.net|language=de}}</ref> and market cap of €3.6 billion.<ref>{{cite web|url=http://en.boerse-frankfurt.de/stock/Grand_City_Properties-Share|title=Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news|website=en.boerse-frankfurt.de}}</ref><ref>{{Cite news|url=https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS|archive-url=https://web.archive.org/web/20191219100553/https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS|url-status=dead|archive-date=December 19, 2019|title=Grand City Properties aims to join major Frankfurt stock index next year|date=2016-10-31|work=Reuters|access-date=2019-12-19|language=de}}</ref><ref>{{cite web|url=https://www.handelsblatt.com/finanzen/maerkte/aktien/grand-city-properties-immobilienfirma-klopft-an-die-mdax-tuer/19763734.html|title=Immobilienfirma klopft an die MDax-Tür|website=handelsblatt.com}}</ref><ref>{{cite web|url=https://www.handelsblatt.com/finanzen/immobilien/operatives-ergebnis-grand-city-properties-erzielt-stabilen-gewinn-trotz-coronakrise/26101654.html?ticket=ST-2119505-S2mLImjhppy2hSzKRl1N-ap1|title=Grand City Properties erzielt stabilen Gewinn trotz Coronakrise|website=handelsblatt.com}}</ref> The Company’s IPO is considered the most successful in the [[Frankfurt Stock Exchange]] in the last decade, with a 8<ref>{{Cite web|last=Börse Frankfurt|date=2020-12-28|title=Frankfurter Börse|url=https://www.boerse-frankfurt.de/news/2e2ca31d-9a36-4021-b405-84912b5bccaa|access-date=2020-12-28|website=www.boerse-frankfurt.de}}</ref> fold increase in share price within 8 years.<ref>{{cite web|url=https://www.reuters.com/finance/stocks/chart/GYC.DE|title=Grand City Properties SA|website=Reuters}}</ref><ref>{{cite web|url=https://broker-test.de/trading-news/aktie-im-fokus-grand-city-properties-s-erfolgreichster-ipo-seit-2007-45137/|title=Aktie im Fokus: Grand City Properties S.A. Erfolgreichster IPO seit 2007|website=broker-test.de|date=14 August 2017 }}</ref>


==References==
==References==
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== External links==
== External links==
⚫
*{{Official website|https://www.grandcityproperties.com}}<references group="https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS?type=companyNews" />[https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS?type=companyNews Grand City Properties aims to join major Frankfurt stock index next year]{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}
* {{Official site|https://www.grandcityproperties.com}}
⚫
*[https://www.nytimes.com/2019/02/25/business/brexit-real-estate-london.html Lured by Pre-Brexit Bargain, German Buyer Goes on London Real Estate Spree]
⚫
<references group="https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS?type=companyNews" />https://de.reuters.com/article/grand-city-prop-germany-idUKL8N1D14TS?type=companyNews
⚫
*[https://mitchellmessenger.com/2019/12/15/grand-city-properties-gyc-neutral-rating-reiterated-at-dz-bank-updated-updated-updated.html GYC Stock Forecast, Price & News (Grand City Properties)]
⚫
*https://www.nytimes.com/2019/02/25/business/brexit-real-estate-london.html
*[https://www.globes.co.il/news/article.aspx?did=1001069833 גרנד סיטי פרופרטיז הנפיקה מניות ואג"ח תמורת 300 מ' א']
⚫
*https://mitchellmessenger.com/2019/12/15/grand-city-properties-gyc-neutral-rating-reiterated-at-dz-bank-updated-updated-updated.html
*[https://www.themarker.com/markets/1.2441460 הישראלי הכי מצליח בברלין, יקיר גבאי, כבר שווה 650 מיליון דולר]
*https://www.globes.co.il/news/article.aspx?did=1001069833
*[https://www.calcalist.co.il/markets/articles/0,7340,L-3610801,00.html גרנד סיטי פרופרטיז: גידול של 59% ברווח הנקי במחצית הראשונה]
*https://www.themarker.com/markets/1.2441460
*https://moneyweek.com/498642/are-there-still-opportunities-in-global-property/
*https://www.calcalist.co.il/markets/articles/0,7340,L-3610801,00.html
*https://www.manager-magazin.de/lifestyle/artikel/immobilienboom-deutsche-wohnungen-und-gcp-kaufen-zu-a-1258482.html
*https://www.welt.de/finanzen/immobilien/article168481819/Neu-denken-bei-der-Mietpreisbremse.html
*https://www.finance-magazin.de/finanzierungen/kredite-anleihen/finanzierungen-sixt-siemens-healthineers-grand-city-properties-2010461/
*https://www.finanztrends.info/grand-city-properties-aktie-so-sollte-es-sein/
*https://www.sueddeutsche.de/wirtschaft/aktien-dax-grenzt-verluste-ein-1.4717315


{{authority control}}
{{authority control}}


[[Category:Residential real estate]]
[[Category:Real estate companies of Luxembourg]]
[[Category:Real estate companies]]
[[Category:Companies listed on the Frankfurt Stock Exchange]]
[[Category:Companies listed on the Frankfurt Stock Exchange]]
[[Category:2012 initial public offerings]]
[[Category:2012 initial public offerings]]
[[Category:Companies in the MDAX]]

Latest revision as of 19:37, 9 November 2023

Grand City Properties S.A.
Company typeSociété Anonyme
ISINLU0775917882
IndustryReal Estate, Residential
Founded2006; 18 years ago (2006)[1]
Key people
Rafael Zamir (CEO)
Number of employees
Approx 800 (2020)
Websitewww.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[edit]

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[edit]

The European Public Real Estate Association EPRA has awarded Grand City Properties S.A. the Gold Award for sustainability. In addition, the company was awarded the first place in the category "outstanding contribution to society", in which the outstanding tenant service was acknowledged.[11]

2017 for the first time, the company has published a sustainability report and in 2018 an EPRA report.[12][13]

History[edit]

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[edit]

  1. ^ a b "Corporate Milestones". grandcityproperties.com.
  2. ^ "Company Overview of Grand City Properties S.A." bloomberg.com. Bloomberg.
  3. ^ "Das Frauenquötchen". www.immobilien-zeitung.de (in German). Retrieved 2020-12-28.
  4. ^ "Gehört meine Wohnung Berlins größten Eigentümern?". tagesspiegel.de.
  5. ^ "News and Ad-Hoc". www.grandcityproperties.com. Retrieved 2020-12-28.
  6. ^ "GCP_H1_2020_results" (PDF). Grand City Properties S.A.
  7. ^ "Company - Aroundtown SA - Largest German Listed Commercial Real Estate Company". www.aroundtown.de.
  8. ^ "#616 Yakir Gabay". forbes.com.
  9. ^ "Deutsche Wohnen kauft rund 3000 Wohnungen hinzu". manager-magazin.de. 19 March 2019.
  10. ^ "Operatives Ergebnis: Grand City Properties erzielt stabilen Gewinn trotz Coronakrise". www.handelsblatt.com (in German). Retrieved 2020-12-28.
  11. ^ "Outstanding Contribution to Society Award".
  12. ^ "Sustainability Report 2017" (PDF). Grand City Properties. Archived from the original (PDF) on 2018-09-21. Retrieved 2018-09-20.
  13. ^ "GCP EPRA Report 2018" (PDF). Grand City Properties. Archived from the original (PDF) on 2018-09-21. Retrieved 2018-09-20.
  14. ^ "Grand City Properties Aktie (A1JXCV,GRNNF,LU0775917882)". finanzen.net (in German). Retrieved 2020-12-28.
  15. ^ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". en.boerse-frankfurt.de.
  16. ^ "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.
  17. ^ "Immobilienfirma klopft an die MDax-Tür". handelsblatt.com.
  18. ^ "Grand City Properties erzielt stabilen Gewinn trotz Coronakrise". handelsblatt.com.
  19. ^ Börse Frankfurt (2020-12-28). "Frankfurter Börse". www.boerse-frankfurt.de. Retrieved 2020-12-28.
  20. ^ "Grand City Properties SA". Reuters.
  21. ^ "Aktie im Fokus: Grand City Properties S.A. Erfolgreichster IPO seit 2007". broker-test.de. 14 August 2017.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Grand_City_Properties&oldid=1184332297"