Leipzig is the fastest growing German city according to a study from the Berlin Institute for Population and Development. By the year 2035, Leipzig’s is expected to have a 16% population growth. According to the Berlin Institute for Population and Development research, the Saxony region is on an economic fast track with a number of start-ups and established brands in the area, which is helping to drive people to Leipzig.
Grand City Properties (GCP) is one company investing in Leipzig for the future. The company is currently investing in three locations in the city with one of the locations being An der Kotsche, where a complete renovation was completed in 2018.
In the summer of 2021, Grand City Properties completed the cleaning of facades in Leipzig. The cleaning was done using an environmentally friendly process consisting of special cleaners, steam, and water. The facades were also impregnated to protect them for the long term. Recently, more work was carried out to clean additional facades and to impregnate them. The recent work was completed to “freshen up” the facades.
Grand City Properties chose a cleaning company to complete the facade work based on environmentally friendly cleaning techniques and processes. The company was chosen due to GCP’s commitment to the environment and its “PLANT-MY-TREE®” initiative. The “PLANT-MY-TREE®” initiative plants trees as a part of climate protection.
“The Saxony region and the city of Leipzig regularly have the benefit of our investments in residential quality and, therefore, the upgrading of neighborhoods,” Katrin Petersen, Grand City Properties spokeswoman, said. “Our tenants are pleased that their homes look beautiful and welcoming. In addition, we are making a very important contribution to climate protection with our repeated and comprehensive facade work this year. We are very happy with the work and hope tenants are as well.”
Leipzig has become a destination for many young people in Germany thanks to the city’s affordability, diversity, and accessibility to other areas of Europe. The city’s combination of shopping, dining, employment, and beauty have made it a great place to live, giving Grand City Properties further reason to invest in Leipzig.
Grand City Properties is controlled by Aroundtown SA, a public company. Avisco, which is controlled by Mr. Yakir Gabay, holds over 10% stake in Aroundtown SA, while Blackrock holds a 5% stake in the company. Other major shareholders in Aroundtown SA include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-Bernstein, Dekabank, State-Street, Bank of Montreal and numerous other leading investors from around the world. Aroundtown SA’s main bond investors include but are not limited to ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, and Credit Agricole.
