Grand City Properties S.A. announced that Mrs. Simone Runge was appointed to the board of directors with immediate effect. Thus the board of directors consists of the following three members as: Mrs. Cleo Koushos-Cros, Mr. Daniel Malkin, Mrs. Simone Runge, Mr. Christos Metaxas and Mr. Harislaos Koureas are no longer members of the board of directors.