Please find our updated analysis on AroundTown here.

We have always viewed AroundTown as a standalone entity, inferring no benefit from its 62% equity stake in Grand City Properties. Operations at the deconsolidated AroundTown entity

Like other real estate entities, AroundTown’s operational data continues to improve quarter-on-quarter.  Asset revaluation is reaching a trough now, coupled with

I've included for you our updated analysis on AroundTown here. 

AroundTown continues to make progress and post their liability management exercises, investor focus will switch to equity-enhancing

Please find our updated analysis of Grand City Properties here.

Real estate investing is supposed to be boring, and the recent results from Grand City Properties fit that bill. Operationally, the business continues to perform

Management believes they have reached a turning point in the real estate market, with capital markets opening, reducing revaluation losses, and

Please find our updated model for Grand City Properties, post Q1 numbers and hybrid exchange, here.  

The results continue to be a non-event. But perhaps that is the point. Real estate investing, especially residential, with very little development

Please find our updated model here.  

AroundTown continues to make progress with its efforts to make the Company boring again. The results are non-events, with the Company making

AroundTown’s Q1 results point to further signs of stability in the European real estate market.  AroundTown do not revalue its estate at Q1, but the Company has done some