Aroundtown Property Holdings

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Name: Aroundtown Property Holdings
Market: Euronext Growth Paris
Subsector: Real Estate Holding&Development
Isin code: CY0105562116
Symbol: ALATP


IPO Date: 08/10/2015
Issue type: Transfer
Transfer from: Marché Libre - Alternext
Capital raised: -

Company Profile

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Date Title
08 Oct 2015 Aroundtown Property Holdings expand

Aroundtown Property Holdings rings the bell at the occasion of their listing on Alternext

Andrew Wallis, Vice President of the Advisory Board, Aroundtown Property Holdings, opens the European trading day

Aroundtown Property Holdings PLC is a specialist real estate company focused on investing in and managing, directly and indirectly, turnaround opportunities in the real estate property market primarily in Germany. The Group covers the main real estate segments which benefit from strong fundamentals and growth prospects: residential, commercial and hotel properties.

08 Oct 2015 Aroundtown Property Holdings PLC lists on Alternext Paris expand

Market capitalisation €2.1bn

Paris – 8 October 2015– Euronext today welcomed the real-estate investment group Aroundtown Property Holdings for its listing on Alternext Paris.

Aroundtown Property Holdings specializes in income-generating properties with a special emphasis on repositioning and turnaround operations/activities focusing on market segments offering sound fundamentals and scope for strong growth. These include residential, commercial and hotel properties primarily in Germany. Aroundtown’s main holdings includes a €1.3 billion commercial portfolio, the publicly listed companies Grand City (FRA:GYC)and Primecity (PAR: ALPCI).

Aroundtown Property Holdings (ticker symbol: ALATP) was admitted to trading on Alternext Paris through the listing of 600,141,641common shares following its transfer from the Free Market. At listing, Aroundtown was valued at €2.1 billion. The company’s free float stands currently at 25%.

Albert Ganyushin, Head of International Listings at Euronext, said: “We are delighted to welcome Aroundtown Property Holdings to Alternext, Euronext’s exchange-regulated market. Aroundtown is a leading property company operating primarily in Germany and is a great addition to the growing community of international issuers listed on Euronext, Europe’s leading stock exchange. This listing will further raise the group’s visibility in the European capital markets and will offer greater access to a large and diverse pool of investors, enabling the company to accelerate the deployment of its strategy. We look forward to a long-lasting partnership with Aroundtown.”

Andrew Wallis, Vice Chairman of the Advisory Board of Aroundtown Property Holdings, added: “Euronext proved in many instances to be a valuable partner and an ideal trading platform which benefits our diverse international investor base. We are very pleased about this next step which fits to the Company`s strategy to list on a continuous trading platform. And thus we are certain that this step will create more trading liquidity.”