Grand City Properties Reports Growth with Enhanced FY 2026 Outlook

Grand City Properties S.A. has announced robust operational results for the first nine months of 2026, leading to an enhanced financial forecast for the full year. The Luxembourg-based real estate company reported a 4% rise in net rental income, reaching €331 million, attributed to a 3.3% increase in like-for-like rental growth. However, the profit of €182 million was lower compared to the previous year, due to fewer revaluation gains and absence of one-off deferred tax income.

Throughout this period, Grand City continued its capital recycling strategy, acquiring assets worth €200 million, mainly in London and Germany, while disposing of €39 million in non-core properties. Their strong financial footing is underlined by €613 million in liquidity. Recent acquisition of a 20.04% stake in LEG Immobilien SE is expected to bolster future performance, with the full impact anticipated in 2027.