Grand City

Grand City Properties is a specialist real estate company focused on investing in and managing turnaround opportunities in the German real estate property market

Grand City Properties successfully placed €125m convertible bonds due 2019
Net proceeds of the issue will be used to fund the company’s acquisitions
The transaction was initially launched for €100m but due to strong market appetite upsized to €125m
Kempen & Co acted as Co-Lead Manager in the transaction