AIA Group Limited has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties. 

Liviu Tudor, Chairman of Genesis Property talked to Property Forum about the new IMMUNE Building Standard and the hybrid future of work that will shape the development of the office industry in the years to come. 

CTP, the owner and operator of industrial and logistics projects, will invest in a new cargo terminal located in western Romania.  

MLP Group has released consolidated financial results for the first half of 2021, showing revenue of PLN 97.6m, up 16% year on year, and net profit of PLN 166.5m, up 38% year on year. Equity (net assets) rose 24% in the first six months of the year, to PLN 1.5bn, with gross investment property having advanced by 16%, to PLN 2.7bn.

Following the departure of Soren Rodian Olsen, who worked in Capital Markets at Cushman & Wakefield for nearly 10 years and has recently taken up a new position with a Scandinavian private equity group, a current client of Cushman & Wakefield, Jeff Alson, Head of CEE Capital Markets will be now focusing on operations in Poland as a new Head of Capital Markets Poland and will be supporting the local capital markets management team, comprising Pawel Partyka, Marcin Kocerba and Mira Kantor-Pikus. Their main area of expertise is logistics & retail, office as well as alternative sector and debt advisory respectively.

After receiving the building permit for STOP SHOP Zielona Góra, IMMOFINANZ, the owner of the STOP SHOP retail park brand, chose Mirbud as the general contractor for this project. The construction site was officially taken over by the contractor and construction works have started. The opening of the retail park with a total of 12 stores on nearly 6,700 sqm of space available for lease is planned for spring 2022.

GARBE Industrial Real Estate Poland has acquired a new flagship production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sqm Build-to-Suit facility, on a 20-year term sale & leaseback transaction.

Oana Partenie, Head of Property Management Romania at Ceres Management Services spoke with Property Forum about the challenges of property management and the resilience of retail parks in the pandemic economy.

CA Immo's operating result (EBITDA) of €114.9 million for H1 2021 was up 27% on the previous year's figure.