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Company Profile

Milestones of corporate history

2004:

The Founders of Grand City Properties S.A (hereinafter "GCP")  buy and turnaround residential buildings in Berlin

2006:

Foundation of  Grandcity Property Ltd. (Former: Adminond Trading & Investments Ltd.)

2011:

Incorporation of Grand City Properties S.A  in the Grand Duchy of Luxemburg

2012:

Purchase of 94.80% of the shares in Grandcity Property Ltd. by the Company and formation of the GCP Group in its current structure

Listing of the shares of Grand City Properties S.A. on the Frankfurt Stock Exchange in the Entry Standard segment

Capital increase of 15 million EUR gross proceeds for approx. 10% of the existing share capital

2013:

Capital increase of approx. 15% of the then existing share capital against cash contributions with 35.7 million EUR gross proceeds

Assignment of a rating at BB by S&P rating agency

The Company has raised 27,000,000 shares through a private placement, resulting in EUR 175.5m gross proceeds.

2014:

S&P raised the credit rating for Grand City Properties and its bonds to 'BBB-'

Acquisition of a management company, providing property management to units in Germany with a focus on similar locations of GCP

2015:

Assignment of a first-time issuer rating of Baa2 by Moody's Investor Service, S&P rating upgraded to BBB with a stable outlook

In March 2015, GCP was added to major FTSE EPRA/NAREIT indices including the FTSE EPRA/NAREIT Global, Developed and Developed Europe. In December 2015 GCP was included in GPR 250 index.

Dividend policy to distribute 30% of FFO I resolved resulting in the payment of a cash dividend of €0.2 per share.

2016:

The Board of Directors upgraded the dividend policy to 50% of FFO I per share.

GCP’s credit rating was raised by S&P to BBB+ with a stable outlook and by Moody’s to Baa2 with a positive outlook.

2017:

The Board of Directors upgraded the dividend policy to 65% of FFO I per share.

GCP’s shares successfully uplisted to the regulated market of the Frankfurt Stock Exchange, the Prime Standard

Inclusion to SDAX

Succesful equity capital increase of €198 million in June 2017, at €18 per share

GCP establishes Euro Medium Term Note (EMTN) programme

GCP’s credit rating was upgraded by Moody’s to Baa1 with a stable outlook

Inclusion to MDAX

The European Public Real Estate Association (EPRA) rewarded GCP with a Gold Award for annual report 2016 and Most Improved Award. For sustainability EPRA also awarded GCP with a Gold Award for sustainability and Most Improved Award. Additionally, GCP was rewarded by EPRA the 1st place for Outstanding Contribution to Society for outstanding service provided to its tenants.