The Supervisory Board of CA Immo decided on the upcoming succession of the current CEO Andreas Quint, who will retire when his Management Board mandate expires on 31 December 2021. Silvia Schmitten-Walgenbach is appointed as the new CEO with effect from the beginning of 2022 for a period of three years until December 31, 2024.
Immofinanz was informed that the RPR Privatstiftung sold its entire shareholding in RPPK Immo GmbH, which holds a total of 13 million Immofinanz shares and 5 mandatory convertible notes issued by Immofinanz , to Eurovea Services, s.r.o. Sole shareholder of Eurovea Services, s.r.o. is Peter Korbacka.
Avison Young today announced an expansion of its service delivery to clients across Europe with the addition of GVA Real Consult in Austria. It will rebrand as Avison Young. The expansion within DACH builds on the recent growth of Avison Young across Central and Eastern Europe.
The Supervisory Board of CA Immo decided to extend the mandate of Management Board member Keegan Viscius, which expires on December 31, 2021, prematurely by another three years until December 31, 2024 in the function as CIO (Chief Investment Officer).
Immofinanz recorded an increase in rental income and results of property sales in 2020 despite the COVID-19 crisis. FFO 1 (before tax and incl. the S Immo dividend) rose by 0.6% year-on-year to €126.1 million, supported by cost savings. Profit before tax equalled €-160.4 million (2019: €350.1 million). After the deduction of €-5.5 million (2019: €-2.5 million) in income taxes, net loss amounted to €-165.9 million (2019: €352.1 million).
Avison Young has significantly increased its CEE presence in recent months and the company is planning further expansion. Gerry Hughes, Principal and President of Avison Young Europe talked to Property Forum about the firm’s strategy for CEE and shared his expectations regarding the future of the advisory business.
The District Labour Inspectorate in Gdańsk will move its headquarters to the Palio Office Park B office building located on the site of the Gdańsk Shipyard. The institution will rent more than 1.7 thousand sqm on two floors in the facility.
Societe Generale Branch in Poland and SG Equipment Leasing Poland, companies belonging to the French financial group Societe Generale, are moving into the Studio complex by Skanska in Warsaw. Both companies will occupy offices in Building B on ul. Łucka. They will be the first of four tenants in the office building completed in Q4 2023. In total, Skanska's investment offers 16,400 sqm of office space, which is now fully leased.
Warsaw-based team Nrep and Urban Partners has moved to new premises in the Metropolitan office building at 3 Pilsudski Square.
Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.
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