GAGFAH explained

GAGFAH S.A.
Foundation:1918
Location:Luxembourg City, Luxembourg
Products:Investments in residential property
Key People:Jonathan Ashley (Chairman), Thomas Zinnöcker (CEO)
Industry:Real estate
Operating Income:348.3 million (2010)[1]
Net Income:€7.7 million (2010)
Assets:€9.262 billion (end 2010)
Equity:€2.303 billion (end 2010)
Num Employees:1,405 (FTE, average 2010)
Homepage:www.gagfah.com

GAGFAH (Gemeinnützige Aktiengesellschaft für Angestellten-Heimstätten) was a Luxembourg-based realty company.[2] It owned a portfolio of more than 145,000 rental units in Germany, particularly concentrated in Dresden and Berlin.

Around 28% of the company was owned by various funds managed by the Fortress Investment Group.

In 2015, GAGFAH merged with Deutsche Annington and was renamed Vonovia.[3]

References

  1. Web site: Annual Report 2010 . 5 May 2011 . GAGFAH.
  2. Web site: GAGFAH about us . 2008-01-11 . dead . https://web.archive.org/web/20080628222832/http://www.gagfah.de/en/corporation/about_us.html . 2008-06-28 .
  3. News: Merged Deutsche Annington and Gagfah named Vonovia. Reuters. 19 March 2015.