Grand City Properties (GCP) has reported a 13% increase in operating profit to €495 mln last year, from €436 mln in 2016. The German residential landlord's portfolio was valued at €6.4 bn at end-2017, marking an increase of 33% during the 12-month period.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
