German real estate company Aroundtown Property Holdings has applied for admission to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
In a statement, the company, which is currently listed on the open market of the Frankfurt Stock Exchange and the Alternext segment of Euronext Paris, said it was carrying out all the necessary procedures in anticipation of a successful uplisting.
‘The board of directors of the company believes that the uplisting will enhance the visibility of the company’s shares on the capital markets and will provide access to important indices. It further underscores the company's positioning within the capital markets’ best practice,’ Aroundtown said in the statement. The company will publish its Q1 2017 results on 7 June.
Aroundtown is a specialist real estate investment group, with a focus on value-add income generating properties primarily in the German real estate markets. The focus is on both commercial and residential real estate. The residential portfolio is held through an interest in Grand City Properties, which is likewise listed on the Frankfurt stock exchange.
