Photo: Kassel, Obere Königstrasse
German High Street
Properties A/S
Annual
Report
2024
Table of contents
Company information
Group structure
Company presentation
Management’s review
Property description
Strategy
Key figures (Group)
Statement of corporate social responsibility in
accordance with the Annual Accounts Act § 99a
Statement on social conditions
Statement of data ethics
Special risks
Other risks
2
3
4
6
10
25
28
34
43
44
45
46
Board of Directors and Management
Financial calendar 2025
Company announcements
Management’s Statement
Independent Auditor’s Report
Income Statement
Other comprehensive income
Balance Sheet
Statement of Equity (Group)
Statement of Equity (Parent company)
Statement of Cash Flow
Notes
51
59
59
60
61
69
69
70
71
72
73
74
Annual Report 2024
1
Company information
Company
Company registration number: 3069 1644
Financial year: January 1 – December 31
Municipality of residence: Gentofte
Managing director
Michael Hansen
Board of directors
Hans Thygesen,
Chairman of the Board
Claude Olof Nikolaj Zethraeus,
Vice-Chairman of the Board
Jutta Steinert
Auditor
PricewaterhouseCoopers
Statsautoriseret Revisionspartnerselskab
Strandvejen 44
DK-2900 Hellerup
Denmark
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Annual Report 2024
Group structure
As of December 31, 2024, the Group
consisted of German High Street Properties
A/S (“Company”) and seven German GmbHs
and three holding companies in Germany.
German High Street Properties A/S
GHSP Erste Holding GmbH
GHSP Zweite Holding ApS & Co.KG.
GHSP Dritte Holding GmbH
Apreit Two Grundbesitz GmbH
100%
Minority shareholders
GHSP Grundbesitz I GmbH (Pforzheim)
6%
94%
94%
100%
10.4%
Braunschweig
Frankfurt
Hamburg
Kassel
Koblenz
Rosenheim
GHSP Grundbesitz III GmbH (Aachen)
GHSP Grundbesitz IV GmbH (Essen, Leverkusen)
GHSP Grundbesitz V GmbH (Braunschweig)
GHSP Grundbesitz VI GmbH (Essen)
GHSP Grundbesitz VII GmbH (Gütersloh)
6%
89.6%
Annual Report 2024
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