BGP – The Company And Its Mission

BGP Holdings PLC is a Maltese holding company holding the legacy structure and sale proceeds of the BGP Investment real estate portfolio. From its beginnings in 2005 as a joint venture between Australian companies Babcock & Brown and the GPT Group. BGP was restructured in 2009 as an independent company with over 58,000 shareholders. It has recently completed the sale of its core assets and is in the process of repatriating funds to its shareholders.


  • BGP Holdings - dividend announcement

    Further to the company’s announcements in December 2016 an interim dividend of AUD $0.05860935 per share will be paid be paid on February 7. Advice to this effect has been sent to you or your custodian.

    If you have any problems accessing your statements, please contact the Share registry on 1800 115 044 (within Australia) or + 61 1800 115 044 (outside Australia) or email

  • Floor Caving In on Europe Real Estate Stocks Bashed by Rates.

    by Aleksandra Gjorgievska and Blaise Robinson - 20 january 2017

    European property stocks, already the worst performers this year, are flirting with a key technical level that, if breached, could signal more declines.

    Battered by rising bond yields and Brexit uncertainty, the Stoxx 600 Real Estate Index has slumped to its lowest level since 2014 relative to its parent gauge. Now, it’s on the verge of falling below a technical threshold that has acted as a support since 2009, which would be a bearish signal.

    read more

    Sale Value over €1.1 billion including net debt
    Net proceeds to BGP of approx. €600 million
    Interim distribution of €407 million planned in early 2017

  • The sale of BGP investment, its assets and subsidiaries closed in November.

    Audited closing accounts are being prepared and should be completed in February. Net proceeds are likely to attain nearly EUR 600 million, from which around EUR 10 million in transaction costs and taxes need to be deducted. In addition, some EUR 20 million will be held back for up to two years to give substance to warranty and indemnity insurance and legacy tax representations. BGP expects to distribute an interim dividend of around EUR 400 million around year end, with a further EUR 150 million in the first half of 2017. Our timetable is governed by the need to execute a capital reduction to release the second distribution, a process which will also require a general meeting of shareholders in the New Year.

  • Windfall for BGP investors as Morgan Stanley swoops

    BEN WILMOT - THE AUSTRALIAN - 21 October 2016

    Morgan Stanley Real Estate Investing has swooped on German apartment owner BGP, which was spun off from the GPT Group in the depths of global financial crisis, with the €1.177 billion ($1.68bn) deal to see nearly 60,000 Australian investors receive a payout this year.

    The deal follows a dramatic turnaround in the fortunes of the venture that began with negative equity of about €600 million seven years ago, and will also be a fillip for major shareholders Stockland and GPT, as well as a series of hedge funds.

    read more
  • BGP sells European property portfolio for over €1.1 billion including net debt

    BGP Investment Press Release - 20 October 2016

    Proceeds for distribution expected to be nearly €600 million after deduction of net debt and transaction expenses.
    BGP Holdings PLC (BGP Holdings) today announced the sale of 100 percent of the business and assets of BGP Investment S.à r.l. to purchasing vehicles advised by Morgan Stanley Real Estate Investing at an enterprise value including net debt of over €1.1 billion.

    After the fulfilment of customary conditions precedent and the sale completion, funds available for distribution after deduction of net debt and transaction expenses are expected to be close to €600 million (A$870 million). The final proceeds will be determined on the basis of closing accounts.

    BGP Holdings owns 16,000 residential units in Berlin, Kiel, Rendsburg and Cologne, and has approximately 58,000 retail investors following an in-specie distribution to shareholders in the GPT Group in 2009.

    Rod McGeoch, Chair of BGP Holdings said: “The sale of the portfolio is a highly commendable outcome given the starting point in 2009 of a company with no value and negative equity to now being able to realise nearly €600 million on behalf of our patient shareholders.”

    Read the full press release : Download