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    DGAP-News  3889  0 Kommentare Grand City Properties S.A.,: considers the various options to raise funds from the capital markets (deutsch)

    Grand City Properties S.A.,: considers the various options to raise funds from the capital markets

    Grand City Properties S.A., / Schlagwort(e): Sonstiges/Extra keyword

    01.10.2014 18:44

    Veröffentlichung einer Corporate News, übermittelt durch DGAP - ein Service

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    der EQS Group AG.

    Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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    THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY

    OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,

    SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A

    VIOLATION OF APPLICABLE LAWS OR REGULATIONS

    Grand City Properties S.A. considers the various options to raise funds

    from the capital markets

    Luxembourg, October, 2014. Grand City Properties S.A. (the "Company")

    considers the various options to raise funds from the capital markets. The

    Company believes there is a significant improvement in its financial

    profile supported by its high ratio of unencumbered assets and favorable

    market conditions and would like to use the funds to further reduce its

    financing costs and to support its future growth.

    The Company successfully continues to implement its strategy and its

    portfolio reaches as of October 42,000 units with gross rental income run

    rate which amounts to EUR240 million on an annual basis. The geographic

    distribution of the Company portfolio is with primary focus on densely

    populated areas in Germany. The Company financed the acquisitions from its

    own available funds, bank financing and funds raised from the capital

    markets.

    About Grand City

    Grand City Properties (ISIN: LU0775917882) is a public limited liability

    company (société anonyme) incorporated under the laws of the Grand Duchy of

    Luxembourg, having its registered office at 24, Avenue Victor Hugo , L 1750

    Luxembourg and being registered with the Luxembourg trade and companies

    register (Registre de Commerce et des Sociétés Luxembourg) under number B

    165560.

    Grand City Properties is a specialist real estate company focused on

    investing in and managing turnaround opportunities in the real estate

    property market in Germany, primarily in densely populated areas. The

    Company's strategy is to improve its properties through targeted

    modernization and intensive tenant management, and then create value by

    subsequently raising occupancy and rental levels. For the six months ending

    30 June 2014, the Company reported an EBITDA of EUR 143.5 million (YOY

    increase of 107%), and a net profit of EUR 122.1 million (YOY increase of

    111%). EPRA NAV amounts to EUR 1,005 million and EUR 1,276 million assuming

    full conversion of the convertible bond. Since May 2012, Grand City

    Properties is listed on the Frankfurt Stock Exchange Entry Standard. The

    company is rated BB+ by Standard and Poors (stable outlook) Further

    information: www.grandcityproperties.com

    Contact:

    Grand City Properties S.A.

    24, Avenue Victor Hugo

    L 1750 Luxemburg

    T: +352 28 77 87 86

    www.grandcityproperties.com

    Press Contact:

    Katrin Petersen

    Grand City Properties S.A.

    T: +49 (30) 887088-1128

    E: katrin.petersen@grandcity.lu

    www.grandcityproperties.com

    Disclaimer:

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION

    OF AN OFFER TO BUY ANY SECURITIES.

    THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT

    BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED

    (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES

    ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES

    ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED

    STATES.

    THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE

    UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS

    RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL

    SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE

    "ORDER"), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY

    OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER,

    AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL

    SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS

    COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE

    NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS

    ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE

    ENGAGED IN ONLY WITH RELEVANT PERSONS.

    IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT

    AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE

    "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE

    2003/71/EC, AS AMENDED (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED

    INVESTORS"). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER

    (AN "INVESTOR") OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE

    DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY

    INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY

    SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF

    PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES

    BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS

    WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR

    ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS

    DIRECTIVE.

    THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS

    AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES,

    FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH

    STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT

    TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF GRAND

    CITY PROPERTIES S.A. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A

    NUMBER OF FACTORS.

    01.10.2014 Die DGAP Distributionsservices umfassen gesetzliche

    Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen.

    DGAP-Medienarchive unter www.dgap-medientreff.de und www.dgap.de

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    DGAP-News Grand City Properties S.A.,: considers the various options to raise funds from the capital markets (deutsch) Grand City Properties S.A.,: considers the various options to raise funds from the capital markets Grand City Properties S.A., / Schlagwort(e): Sonstiges/Extra keyword 01.10.2014 18:44 Veröffentlichung einer Corporate News, übermittelt durch DGAP …

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