Aroundtown SA Increases Stake in Grand City Properties to 81.5%

Aroundtown SA has successfully increased its holding in Grand City Properties S.A. (GCP) to 81.5%, following a voluntary exchange offer launched on March 4, 2026. This marks a significant rise from its previous 62.5% ownership. The acquisition involved exchanging 133,437,304 Aroundtown shares for 33,359,326 GCP shares, roughly 19% of GCP’s total share count.

This move is set to strengthen Aroundtown’s presence as a diversified European real estate platform, enhancing liquidity and supporting its long-term capital markets profile. The firm anticipates an annual FFO I increase of €35 million, with a projected FFO I guidance for 2026 between €275 million to €305 million.

The transaction, expected to be financially accretive in the mid-term, complements Aroundtown's strategy of disciplined capital allocation and value creation. Settlement is planned for April 23, 2026, with shares eligible for dividends.