ARTICLES LABELLED WITH TAG CEE

News Immofinanz records €72 million net profit in Q1 2022
25
May
2022

Immofinanz records €72 million net profit in Q1 2022

by Property Forum
Immofinanz’s like-for-like rental income rose by 4.3% in the first quarter of 20221, the occupancy rate remained high at 94.4%, and FFO 1 before tax was stable at a very good level of €34.4 million. Net profit totalled €72.4 million, compared with a substantial positive effect in the first quarter of the previous year from the revaluation of the stake in S Immo. With an equity ratio of 52.3% and a conservative debt level with a net LTV of 32.7%, Immofinanz has a strong capital foundation.
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News CA Immo triples consolidated net earnings
25
May
2022

CA Immo triples consolidated net earnings

by Property Forum
With profitable sales of non-strategic properties and good progress in the implementation of the development pipeline, CA Immo's operating performance remained stable in the first quarter, seamlessly from the previous quarters. The strong sales result combined with lower indirect costs led to an increase in operating profit of around 6%. In addition, a significant increase in revaluation results helped to more than triple consolidated net income compared with the previous year.
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News CEE investment volumes return to pre-pandemic levels
20
May
2022

CEE investment volumes return to pre-pandemic levels

by Property Forum
Year-end volumes for 2022 in Central and Eastern Europe could reach in excess of €12 billion but uncertainty around the war in Ukraine and economic headwinds, could impact this prediction, reveals a report by Colliers: CEE Investment Scene  Q1 2022.
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News GTC records strong increase in net profit year-on-year
19
May
2022

GTC records strong increase in net profit year-on-year

by Property Forum
In Q1 2022, GTC’s adjusted EBITDA was at €26 million (€24 million in Q1 2021) and the net profit amounted to €15 million (€9 million in Q1 2021). This mainly resulted from a strong operating performance combined with profit from revaluation/impairment of assets of €3 million, partially offset by an increase in foreign exchange differences loss by €1 million.
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News M7 Real Estate bets on logistics and its existing markets in CEE
12
May
2022

M7 Real Estate bets on logistics and its existing markets in CEE

by Ákos Budai
David Ebbrell, CEO and Mirta Ceranac Poljak, Managing Director for Croatia at M7 Real Estate talked to Property Forum at MIPIM about investment strategy, economic challenges and opportunities for sustainable growth.
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News GTC: We are not actively pursuing any disposals
05
May
2022

GTC: We are not actively pursuing any disposals

by Michał Poręcki
Zoltán Fekete and Ariel Ferstman, the CEO and CFO of Globe Trade Centre, have talked to Property Forum about GTC`s financial results in 2021, shaking off the last COVID-related restrictions and biggest challenges for the commercial property market in 2022.
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News Polish and Czech assets attract most capital directed at CEE in Q1 2022
03
May
2022

Polish and Czech assets attract most capital directed at CEE in Q1 2022

by Property Forum
The Central & Eastern European real estate market has registered an investment volume of €2.8 billion in Q1 2022, up 44% year-on-year. By volume, the lion’s share of the deals was realised in Poland (59%) and the Czech Republic (32%). Cushman & Wakefield has summed up the investment market in the CEE region.
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News Former CPI executive joins Immofinanz’s Executive Board
22
Apr
2022

Former CPI executive joins Immofinanz’s Executive Board

by Property Forum
Immofinanz has announced that the Supervisory Board has appointed Radka Doehring as a member of the Executive Board as of 1st May 2022 for three years.
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News Griffin Capital Partners announces two major promotions
21
Apr
2022

Griffin Capital Partners announces two major promotions

by Property Forum
Griffin Capital Partners has announced two senior executive promotions as the company continues to grow its presence in the private equity and real estate markets in Central and Eastern Europe. Piotr Fijołek and Tomasz Mrowczyk, currently Senior Partners, have been promoted to the positions of Co-Managing Partners. The position is new in the structure and has been created especially to appreciate the contribution of the two managers to the growth of the company.
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News Immofinanz reports net profit of €346 million for 2021
21
Apr
2022

Immofinanz reports net profit of €346 million for 2021

by Property Forum
The 2021 financial year brought a massive increase in Immofinanz’s earning power. The results of operations rose by roughly 46% to €210.1 million and clearly topped the previous year as well as the pre-crisis period in 2019. Net profit improved significantly to €345.8 million, compared with the crisis-related loss of €-165.9 million in the previous year.
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Latest news


New leases

  • International 3PL operator Global Reach Logistics signed a lease agreement for 26,500 sqm at Prologis Park Poznań II, announced 108 Agency who has contributed to this project.
  • The Polish branch of Japanese logistics company Yusen Logistics has leased 8,700 sqm of additional warehouse space in Goodman’s Toruń Logistics Centre, bringing it up to full occupancy.
  • Hines has announced the signing of a new seven-year lease with clothing company Local Heroes at the Ambassador office building in Warsaw .The new tenant will initially occupy 570 sqm of temporary space, with plans to expand to 651 sqm later this year.

New appointments

  • Dorota Mielke has joined Office Agency team of BNP Paribas Real Estate Poland and taken the position of Associate Director. Her main task in the new role will be taking care of business development and advising on office strategies and space rental.
  • Dariusz Domański has been promoted to be a Managing Partner at White Star Real Estate in Poland. He will be responsible for Residential Development business of White Star Real Estate and White Star Residential Management operating businesses. Darek will also continue to manage White Star’s flagship project- Elektrownia Powiśle.
  • Mariusz Cieśliński has joined the Polish team of MNK Partners to take up the position of Investment Manager. In his new role, he will be responsible for supporting the investment processes of funds across Europe.


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