GRAND CITY Properties S.A. : Grand City Properties is a safe haven
GCP posted solid Q1 20 figures while like-for-like growth totalled 3.4%. The company is managing the portfolio for asset quality and has c. € 200m of assets still designated as held for sale. EPRA vacancy amounted to 6.5% at end-March 2020. Notably is that vacancy in London was at 4% (Q4 19: 4%; Q3 19: 5.7%; Q2 19: 9.7%). Opportunistic investments have turned out to be a smart move so far. In place rent / SQM was € 6.95 at end-March 2020. - Rent deferrals totalled c. 3% in April (...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.
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.
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