Milestones of corporate history
The Founders of Grand City Properties S.A (hereinafter "GCP") buy and turnaround residential buildings in Berlin
Foundation of Grandcity Property Ltd. (Former: Adminond Trading & Investments Ltd.)
Incorporation of Grand City Properties S.A in the Grand Duchy of Luxemburg
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
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.
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
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.
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.
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.