Report
Manuel Martin, CEFA,CREA

GRAND CITY Properties S.A. : Feedback from 13th ODDO BHF GERMAN CONFERENCE

>New elements - Grand City (GCP) maintains its strategy of buying distressed properties located in Germany's densely populated regions and extracting value from its existing portfolio. However, the number of units in GCP’s portfolio decreased to 82,869 in Q3 2018 from 85,151 in Q2 2018 due to non-core disposals under the company’s capital recycling strategy and to the circumstance that GCP’s target properties are in low supply. Main message on outlook - §s...
Underlying
Grand City Properties SA

Grand City Properties is a specialist real estate company based in Luxembourg. Co. is focused on investing in and managing turnaround opportunities in the German real estate property market. Co. is active in all relevant asset and property management activities along the real estate value chain from buying to redeveloping, managing and selling real estate properties. Co. also maintains a centralized 24/7 Service Center to coordinate and assure tenant satisfaction. Co.'s portfolio is located mainly in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen and Hamburg.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

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