Moody's Ratings (Moody's) has today affirmed the Baa1 long term issuer and senior unsecured ratings, the (P)Baa1 senior unsecured EMTN program rating and the Baa3 junior subordinate ratings of Grand City Properties S.A. (Grand City, the company or GCP). The outlook was changed to stable from negativ...
Last week’s EPRA conference provided cautious optimism on listed European real estate. The segment offers a mix of risks and opportunities, with discounted valuations presenting attractive entry points. We downgrade Care Property Invest (Underperform vs Neutral, TP €12 vs €13.5); we lower our TPs for British Land, Landsec, Shurgard, and Xior Student Housing; we raise our TPs for URW, Wereldhave and VGP. In conclusion we favour logistics, retail, Spain, and CEE for growth, and Switzerland remains...
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