BGP – The Company And Its Mission

BGP is a European Real Estate investment company with around €1.2 billion in assets in Germany and France. From its beginnings in 2005 as a joint venture between Australian companies Babcock & Brown and the GPT Group. BGP was restructured in 2009 as an independent company with over 58,000 shareholders. Its mission is to manage its assets with a view to ultimate repatriation of value to these shareholders.

PORTFOLIO

NEWS

  • German apartment owner BGP mulls trade sale or IPO

    BEN WILMOT - THE AUSTRALIAN - 13 August 2015

    German apartment owner BGP, which was spun off from the GPT Group during the depths of global financial crisis, will assess both a trade sale and a potential float, after exclusive talks to sell its €1.1 billion ($1.66bn) portfolio to Austrian company ­Conwert ­Immobilien Invest ended.

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  • Conwert ends talks to acquire BGP portfolio

    Conwert Immobilien Invest SE - 6 August 2015

    The Administrative Board of conwert Immobilien Invest SE (“conwert”) today passed a resolution to end talks with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets and platform of BGP Investment S.à.r.l., a subsidiary of BGP Holdings Europe S.à.r.l. After several weeks of detailed discussions, the Administrative Board of conwert has decided that the acquisition strategically currently would not be in the best interest of conwert and its shareholders.

    Read the press release in english: Download
    Read the press release in german: Download

  • GPT spin-off BGP to offload assets to Austria's Conwert

    BEN WILMOT - THE AUSTRALIAN - 23 July 2015

    GPT Group is edging closer to finally exiting its disastrous foray into global property as the company it spun off in the depths of the global financial crisis, German apartment owner BGP, has entered exclusive talks to sell its €1.1 billion ($1.62bn) portfolio to Austrian property company Conwert Immobilien Invest.

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  • BGP recovery in sight, says Rod McGeoch

    BEN WILMOT - THE AUSTRALIAN - 18 July 2016

    The imminent sale of a €1.1 billion ($1.61bn) German apartment portfolio by GPT Group spin-off BGP Holdings will see more than 55,000 small investors repaid by September, marking the end of one of the largest recovery operations in the wake of the GFC.

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  • Third Time Lucky for GPT’s disastrous European Venture, by Gretchen Freeman

    GRETCHEN FREEMAN - THE AUSTRALIAN - 15 July 2016

    It has taken seven years for one of the worst casualties of the reckless, debt-fuelled expansion indulged in by Australia’s listed property sector in the mid 2000s to finally be laid to rest.

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