GSW Immobilien
 | |
| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: GIB |
| Industry | Real estate |
| Founded | 1924 |
| Headquarters | Berlin, Germany |
| Key people | Thomas Zinnöcker (CEO and chairman of the management board), Eckart von Freyend (Chairman of the supervisory board) |
| Products | Investments in residential property, management of commercial property |
| Operating income | €101.5 million (2010)[1] |
| Profit | €49.3 million (2010)[1] |
| Total assets | €2.682 billion (end 2010)[1] |
| Total equity | €976.4 million (end 2010)[1] |
| Employees | 570 (FTE, end 2010)[1] |
| Website | www.gsw.de |
GSW Immobilien AG, formerly Gemeinnützige Siedlungs- und Wohnungsbaugesellschaft Berlin mbH, is a German real-estate company in Berlin. The company invests in residential property and also manages residential and commercial property on behalf of third parties.
Originally a company founded and owned by the city of Berlin, GSW was sold to a private equity consortium led by Cerberus Capital Management and Goldman Sachs' Whitehall fund in 2005. The company raised €468 million in an initial public offering on the Frankfurt Stock Exchange in April 2011,[2] the year after an IPO attempt failed due to market volatility.[3] Goldman and Cerberus retained an approximate 10% stake each in the company until 2012.[4][5]
GSW's Berlin headquarters was designed by Sauerbruch Hutton, for which they received a Stirling Prize nomination in 2000.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Annual Report 2010". GSW Immobilien. Retrieved 19 November 2011.
- ↑ Cox, Josie (14 April 2011). "GSW pricing for market debut at bottom of range". Reuters. Retrieved 19 November 2011.
- ↑ Chambers, Alex (10 May 2011). "EU package unlikely to rescue stalling IPO market". Reuters. Retrieved 19 November 2011.
- ↑ "Shareholder structure". GSW Immobilien. Retrieved 19 November 2011.
- ↑ M&A:January 13, 2012
External links
| |||||
