U.K. Real Estate Management and Development Potentially Undervalued Companies

VIB Vermögen

Market Cap: €269.7m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Foxtons Group

Market Cap: UK£173.6m

An estate agency, provides services to the residential property market in the United Kingdom.

Aedas Homes

Market Cap: €1.1b

Engages in the development of residential properties in Spain.

CTP

Market Cap: €7.6b

Develops, owns, operates, and leases commercial real estate properties in Western Europe and Central and Eastern Europe.

Foxtons Group

Market Cap: UK£173.6m

An estate agency, provides services to the residential property market in the United Kingdom.

Varia US Properties

Market Cap: CHF 208.6m

A real estate investment company, acquires, holds, and sells properties in the United States.

Branicks Group

Market Cap: €164.3m

Branicks Group AG (formerly DIC Asset AG) is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and with access to a broad-based network of investors.

Peach Property Group

Market Cap: CHF 278.7m

Engages in investment and development of residential real estate properties in Germany and Switzerland.

UBM Development

Market Cap: €142.0m

Focuses on the development, management, and sale of real estate properties in Germany, Austria, Poland, and internationally.

VGP

Market Cap: €2.0b

Develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices.

VIB Vermögen

Market Cap: €229.4m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Fotex Holding

Market Cap: €114.5m

Through its subsidiaries, engages in the property management, manufacturing, retailing, and other business activities in Luxembourg, the Netherlands, and Hungary.

Deutsche EuroShop

Market Cap: €1.3b

Deutsche EuroShop is the only public company in Germany to invest exclusively in shopping centers in prime locations.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Atenor

Market Cap: €172.4m

Operates as a real estate development company in Belgium, Luxembourg, the Netherlands, France, Germany, Portugal, Poland, Hungary, Britain, and Romania.

KMC Properties

Market Cap: NOK 25.2m

Operates as a real estate company.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Fletcher King

Market Cap: UK£2.9m

Provides a range of property advice services in the United Kingdom.

LSL Property Services

Market Cap: UK£283.5m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

Harworth Group

Market Cap: UK£564.1m

Operates as a land and property regeneration company in the North of England and the Midlands.

Zentra Group

Market Cap: UK£1.5m

Operates as a property development and management company in the United Kingdom.

Capelli

Market Cap: €6.7m

Operates as a real estate development company in France, Switzerland, Luxembourg, and internationally.

Branicks Group

Market Cap: €125.1m

Branicks Group AG (formerly DIC Asset AG) is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and with access to a broad-based network of investors.

Peach Property Group

Market Cap: CHF 278.7m

Engages in investment and development of residential real estate properties in Germany and Switzerland.

Harworth Group

Market Cap: UK£564.1m

Operates as a land and property regeneration company in the North of England and the Midlands.

LSL Property Services

Market Cap: UK£283.5m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

UBM Development

Market Cap: €154.7m

Focuses on the development, management, and sale of real estate properties in Germany, Austria, Poland, and internationally.

NEPI Rockcastle

Market Cap: €97.2b

NEPI Rockcastle N.V. (“the Company”, “NEPI Rockcastle”, “the Group”) is a public limited company domiciled in the Netherlands, having its registered office at Strawinskylaan 563, WTC Zuidas, Tower Ten, 5th Floor, 1077 XX Amsterdam, with registration number at the Dutch Chamber of Commerce 87488329.

Sirius Real Estate

Market Cap: UK£1.4b

A real estate company, engages in the investment, development, and operation of commercial and industrial properties in Germany and the United Kingdom.

Immobel

Market Cap: €165.7m

Engages in the real estate development business in Belgium, France, Luxembourg, Germany, Poland, Spain, and the United Kingdom.

Risanamento

Market Cap: €67.2m

A property and development company in Italy.

CORESTATE Capital Holding

Market Cap: €15.0m

A real estate investment firm specializing in investments in small to medium sized residential portfolios and commercial real estate markets.

DEMIRE Deutsche Mittelstand Real Estate

Market Cap: €71.2m

Engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany.

VGP

Market Cap: €2.0b

Develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices.

Grit Real Estate Income Group

Market Cap: UK£34.3m

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa).

Nexity

Market Cap: €498.7m

Operates as a real estate company in Europe and internationally.