BGP – The Company And Its Mission

BGP is a European Real Estate investment company with around €1.3 billion in assets in Germany, France and Denmark. 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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  • Statement by BGP in relation to Conwert’s ad hoc press release

    22 July 2015

    Conwert Immobilien Invest SE announced in an ad-hoc disclosure that it is currently in exclusive negotiations with BGP Holdings Europe S.à.r.l. regarding a potential contract for the acquisition of the German residential properties of BGP Investment S.à.r.l., which are currently managed by BGP Asset Management.

    We would like to make the following statement on this matter:

    As explained on multiple occasions BGP is examining a dual track-exit. This entails the possibility of a global sale of the German residential real estate portfolio including the operational management company, as well as the option of going public. BGP is currently in exclusive negotiations with Conwert Immobilien Invest SE, but at this point no agreement has been reached on a possible acquisition. BGP will continue to consider an initial public offering.

    Please note that we cannot comment further on ongoing negotiations.

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  • Concarus buys shopping centre in Kelheim from BGP

    27 March 2015

    Concarus Real Estate Invest, a company in the May & Porth group, has acquired a shopping centre in Kelheim near Regensburg, Lower Bavaria. Luxembourg‐based BGP Investment, advised by Internos Global Investors, was the seller. The retail park on Schäfflerstrasse has a rental area of 19,000 sqm plus 600 parking spaces. The largest tenants are Edeka, Hagebaumarkt, C&A, Norma, and Deichmann. Concarus said it would continue the current revitalization of the centre. BGP is currently selling its Germany retail portfolio in order to focus on its core business of residential real estate.

  • BGP sells down final assets of Residential Joint Venture with Oxford Properties.

    26 January 2015

    ADLER Real Estate AG, Frankfurt am Main, Ger-many has successfully completed the acquisition of a portfolio located in Lower Saxony comprising c. 6,750 residential units in Wilhelmshaven, a transaction that was notarised in Q4 2014.

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  • BGP completes refinancing of Bundaberg German Residential portfolio

    23 December 2014

    BGP Investment has completed a €160 million refinancing of its Bundaberg German Residential portfolio with Berlin Hyp. The 7 year loan completes the overall refinancing of BGP's Resi assets which commenced in 2013 with the launch of the Monnet Finance CMBS issue.

    Mark Dunstan, CEO of BGP Investment, commented: «The timing of the new loan has allowed BGP to lock in historically low rates and to significantly push out its debt maturity profile while maintaining conservative gearing levels.»

    The Bundaberg portfolio consists of just over 4,000 units largely in the Berlin, Schleswig Holstein and North Rhine-Westphalia regions of Germany.

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