CPI Property Group has published its audited financial results for the financial year ended 31 December 2023, confirming a stable market environment with high occupancy figures. On the other side, the figures have shown a considerable net loss of €877 million, driven predominantly by a non-cash negative revaluation result. Property Forum asked CPIPG spokesman Jakub Velen to comment on the figures and provide an outlook for the year ahead.

CTP has increased its total lettable area in the Czech Republic to over 4 million sqm, reaching a 27% share of the Czech industrial real estate market.

The logistics market has proven to be the most resilient asset class and has seen its importance emerge during and after the COVID-19 pandemic. Still, developers are not standing idly by, they are looking for new horizons, in terms of figures, service quality and creativity. These are some of the conclusions of the panel discussion focusing on the Slovak logistics market at the recently organised Bratislava Property Forum 2024.

Immofinanz Group generated strong growth in rental income during the 2023 financial year. This development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. However, due to revaluation effects, the company recorded a decline in net profit to €-229.5 million in 2023.

The uneasy geopolitical situation of the recent years is surely not helping investors in Slovakia and the CEE region, that is a reality investors live in. However, the discussion of the first panel during Bratislava Property Forum 2024 has revealed that there is still some room for optimism.

PropertyTalents, a leading European Built Environment Advisory specializing in career and company development, proudly announces the inaugural BE Mixer by PropertyTalents (Warsaw edition). This premier event is set to launch on the first day of spring, March 21, 2024, from 18:00 to 23:00, marking a new beginning filled with insights and networking.

CA Immo has reported a solid operating performance for the 2023 business year. The results show, among other things, a significant increase in rental income (+8%) and high income from the sale of non-strategic properties (sales result of €179 million, FFO II +102%), which led to an increase in the operating result (EBITDA) of 115% compared to the previous year´s figure. Although the company had to record a market-driven non-cash revaluation loss of €532 million in 2023, the EBITDA of €322 million offsets a large part of the full-year revaluation loss, resulting in a consolidated net income of €–224.5 million for financial year 2023.

Sustainability will continue its massive growth, as stakeholders demand more action on environmental and social issues, and businesses and governments respond to stricter demands imposed by politics and climate pressures, finds a BuildGreen report.

Construction is one of the riskiest industries in terms of payment morale. According to data from Coface, the number of insolvencies in the Czech construction industry is growing, reaching its peak only in the second half of the year 2024.

Prague is the second most active European market for flexible offices after London. Metropolises such as Warsaw, Amsterdam and Madrid follow at a distance, CBRE reports.