Grand City Properties S.A., / Key word(s): Real Estate/Bond
30.08.2013 16:15

Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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GRAND CITY PROPERTIES S.A. acquires residential property portfolio with a joint venture partner and resells parts of it

Luxemburg / Berlin, 30th August 2013: Grand City Properties S.A. (the 'Company') jointly with a partner acquired and took over a residential property portfolio (around 2,200 residential units) mainly in NRW, Berlin and Munich. With respect to approx. 900 apartments a contract was signed for a profitable resale to a third party purchaser.
About Grand City Properties 
Grand City Properties (ISIN: LU0775917882) focuses on investing in residential property in Germany, especially in large urban high-density areas. The Company follows primarily a buy and hold strategy. Efficient management tools enable sustainable and targeted improvement of the real estate. The company's portfolio comprises over 17,500 units with lettable space in excess of 1.3 million square metres, including recent acquisitions. In the first half year of 2013, Grand City posted a net profit of 58 million euros (36.7 million euros at the end of June 30, 2012 and 93 million euros for the full year 2012). Since May 2012, Grand City Properties is listed on the Frankfurt Stock Exchange in the stock market segment Entry Standard. Further information: www.grandcityproperties.com.
Press Contact:
Dariusch Manssuri
IR.on AG
T: +49 (0) 221 9140 975
E: [email protected]

Contact:
Kathrin Behlau
Grand City Properties S.A.
T: +49 (30) 887088183
E: [email protected]
www.grandcityproperties.com

Disclaimer
This press release does not constitute an offer to sell or an invitation to make a bid for the purchase or subscription of bonds of Grand City Properties S.A. The offer of bonds of Grand City Properties S.A. must be made exclusively on the basis of the securities prospectus approved by the Luxembourg Financial Supervisory Authority (CSSF), which has been published at www.grandcityproperties.com/bond. This press release does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or other jurisdictions in which an offer is subject to statutory restrictions. The securities mentioned in this press release may not be offered or sold in the United States or to US persons (as defined in Regulation S under the Securities Act of 1933 as amended from time to time (the 'Securities Act')) unless they have previously been registered or, if they have not previously been registered, only based on an exceptional regulation. Subject to certain exceptions pursuant to the Securities Act, the securities mentioned in this press release may not be offered or sold in Australia, Canada or Japan or to, or for the account of, Australian, Canadian or Japanese residents. The offer or the sale of the securities mentioned in this press release will not be registered in Canada, Australia and Japan in accordance with the respective legal provisions in these countries. It is not intended to make a public offer of securities in the United States.


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