Grand City Properties

Grand City Properties S.A. 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 , and it is included in major indices such as SDAX , FTSE EPRA/NAREIT, GPR 250 . According to the Frankfurter Allgemeine Zeitung in 2017, the IPO of Grand City Properties was the most successful IPO in Germany since 2007 . The company's portfolio has expanded significantly over the years, making it a key player in the European real estate market . Its largest shareholder is Aroundtown (through Edolaxia Group) . GCP maintains a strong investment grade credit rating from S&P Ratings .
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 . 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 .
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 , to coordinate tenant services and ensure high tenant satisfaction .
Sustainability
As part of its ESG strategy, the company integrates sustainability measures into its operations . and supports local organizations through the GCP Foundation . 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. 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.

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