Yakir Gabay

from Wikipedia, the free encyclopedia

Yakir Gabay ( Hebrew יקיר גבאי, born 1966 in Jerusalem ) lives in London and is an Israeli businessman. Gabay is the founder of the real estate company Aroundtown SA , which owns large parts of commercial real estate in German and Dutch medium- sized centers and large cities. According to Forbes, Gabay's net worth is $ 3.6 billion as of April 2020.

Life

Yakir Gabay is the son of Meir Shmuel Gabay , who was Director General of the Ministry of Justice and served as both the Civil Service Commissioner in Israel and President of the United Nations Administrative Court . Yemima Gabay, his mother, held senior positions in the prosecution and pardons committee in the Justice Department.

Yakir Gabay grew up in Jerusalem and studied at the Hebrew University Jerusalem. He holds a BA in Economics and Accounting and an MBA in Finance and Economics from the University of Jerusalem.

Business career

Yakir Gabay began his career at the Prospectus Department of Israel's SEC in Israel . He then worked as an investment banker in management positions in the capital market. In the mid-1990s he was CEO of the Investment Banking Division of Bank Leumi . In early 2000, Gabay served as chairman and partner of Gmul Investments, which managed pension funds, real estate, and stocks valued at $ 30 billion.

In 2004, Yakir Gabay started real estate investments in Berlin and expanded his business areas in the hotel, commercial and residential real estate market to other major cities in Germany and the Netherlands. He concluded his financings with various co-investments, both with private investors and with the largest capital providers. Most of the properties are located in major cities in Germany and the Netherlands, including Berlin, Frankfurt, Munich, Hamburg, Düsseldorf, Cologne, Stuttgart, Amsterdam and Rotterdam.

Real estate companies Aroundtown SA and Grand City Properties SA

In mid-2012, Yakir Gabay issued the real estate company Grand City Properties SA with an enterprise value of 150 million euros. The issue is considered to be the most successful of the last ten years on the Frankfurt Stock Exchange , with the share price rising nine times from EUR 2.7 to EUR 24.5 per share within six years. The company is traded in the Prime Standard segment of the Frankfurt Stock Exchange with a value of 4 billion euros (as of September 2018) and is one of the major stock indices such as the MDAX. Grand City Properties SA is considered the fourth largest European residential real estate company (based on market value).

In mid-2015, Gabay listed the shares of Aroundtown SA on both Euronext Paris and the Frankfurt stock exchange with a value of 1.5 billion euros. The listing was successful with the share price doubling from 3.2 to 7.7 euros per share within three years. The company is traded in the Prime Standard of the Frankfurt Stock Exchange with a market value of 8.5 billion euros and is included in the most important stock indices such as the MDAX .

Aroundtown SA is the largest listed commercial real estate company in Germany and the fourth largest commercial real estate company in Europe. Grand City Properties and Aroundtown are rated BBB + by Standard & Poor's Global Ratings . Aroundtown SA has the best rating in Germany in the field of commercial real estate .

Merger with TLG

Aroundtown, the largest listed commercial real estate company in Germany, merged in February 2020 with TLG Immobilien AG, which was traded on the Frankfurt Stock Exchange with a market capitalization of over € 3 billion. The merged company Aroundtown SA is traded in the Prime Standard of the Frankfurt Stock Exchange with a market value of € 13 billion (as of February 2020) and is included in the most important stock indices such as the MDAX. Aroundtown's total assets in the first quarter of 2020 are over € 32 billion.

Gabay holds a 10% stake in Aroundtown SA, which has balance sheet assets of more than 17 billion euros, equity of 8.5 billion euros and an annual dividend payment of 300 million euros. In 2017 the net profit of Aroundtown SA was 1.5 billion euros and in the first half of 2018 it was a net profit of around one billion euros. As of the first quarter of 2020, Aroundtown, the third largest European real estate company, will have total assets of over EUR 32 billion. Total equity reached EUR 16.2 billion and net income in 2019 was EUR 1.7 billion.

The shareholders and shares

The company's other shareholders are large institutional investors like BlackRock , Fidelity Investments , insurance companies like Allianz and Generali and sovereign wealth funds like Temasek (Singapore). In the years 2016 to 2018 Aroundtown SA placed over 10 billion euros on the global stock and bond markets and is considered the largest real estate issuer on the European capital markets during this period. The funds were raised through the world's largest banks such as JPMorgan , Goldman Sachs , Bank of America , Morgan Stanley , Deutsche Bank , UBS , HSBC and others. The company owns more than 300 office buildings and 100 hotels, mainly in Germany, the Netherlands and London.

Aroundtown SA owns (through its subsidiary Edolaxia Group ) 40 percent of Grand City Properties, whose portfolio includes 70,000 residential units in Germany and 3,000 apartments in London valued at around 7 billion euros.

The management strategy

The company's strategy is based on the acquisition of real estate at central locations in the largest cities in Germany and the Netherlands, their improvement and optimization of the return and efficient management.

Individual evidence

  1. ^ Terms of Service Violation . Retrieved September 8, 2018.
  2. ↑ a b Portfolio - Around Town SA - Largest German Listed Commercial Real Estate Company . Retrieved September 8, 2018.
  3. ^ Company Profile - Grand City Properties SA . Retrieved September 8, 2018.
  4. ↑ Grand City Properties share - share price - A1JXCV - Frankfurt Stock Exchange . Retrieved September 8, 2018.
  5. ↑ Milestones - Around Town SA - Largest German Listed Commercial Real Estate Company . Retrieved September 8, 2018.
  6. ↑ Aroundtown SA share - share price - A2DW8Z - Frankfurt Stock Exchange . Retrieved September 8, 2018.
  7. ↑ Rating - Around Town SA - Largest German Listed Commercial Real Estate Company . Retrieved September 8, 2018.
  8. ↑ Merge with TLG. In: src research. Retrieved June 4, 2020 .
  9. ↑ TLG share wins: TLG Immobilien increases net asset value. Retrieved June 4, 2020 .
  10. ↑ Yakir Gabay wants to go to the Dax with Aroundtown & TLG. Retrieved June 3, 2020 .
  11. ↑ Aroundtown bought for 1.4 billion euros . Retrieved September 8, 2018.
  12. ↑ MarketScreener: Aroundtown: Q1 2020 Financial Results Presentation | MarketScreener. Retrieved June 3, 2020 .
  13. ↑ Grand City Properties SA announces capital increase. dgap.de, June 20, 2017, accessed on September 22, 2018 .
personal data
SURNAME Gabay, yakir
BRIEF DESCRIPTION Israeli businessman
DATE OF BIRTH 1966
PLACE OF BIRTH Jerusalem