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.
Overview
Around 28% of the company was owned by various funds managed by the Fortress Investment Group.
The company was brought to the stock market in October 2006 through the sale of 20% of its shares at €19 per share, at the top of the €17-€19 price range quoted in its flotation prospectus[3].
For a while during the 2008 financial crisis GAGFAH's share price traded as low as €2 per share (down -89% on IPO price).
In 2015, GAGFAH merged with Deutsche Annington and was renamed Vonovia.[4]