ARTICLES LABELLED WITH TAG CEE

Immofinanz Group, majority owned by CPI Property Group, recorded a rental income growth of 13% during H1 2024 to €292.5 million compared to the same period of last year and recorded a strong profit, according to a financial report.

GTC Group has announced a consolidated net profit of €21.2 million for the second quarter of 2024, marking a significant turnaround from the €23.2 million loss reported during the same period last year. The company’s net profit from operations reached €33.5 million -  a also a significant improvement compared to the €20.9 million loss recorded y-to-y.

Bucharest’s hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.

NEPI Rockcastle has recorded a 13.5% gain in net operating income to €274 million during H1 2024 versus the same period of last year, while on a like-for-like basis it saw a 10% gain.

Mitiska REIM has rolled out a joint venture (JV) with Park Lane Developments for the development of retail parks in Bulgaria. 

Industrial developer CTP recorded in H1 2024 a rental income of €320.9 million up 14.4% y-o-y, and like-for-like y-o-y rental growth of 4.8%, while the leasing volume gained 8% to 918,000 sqm. 

Romania’s commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

The first half of 2024 has seen CEE investment volumes increase by ca. 29% YoY. According to preliminary results, this is contrary to European and Global results, where activity is still subdued. Given the current conditions, Colliers expect 2024 volumes could reach up to ca. €5.5 billion, around half of the 10-year average, as it has revealed in its latest “H1 2024 Investment Scene” report.

Mateusz Sikora, Co-Founder of Rebench startup has talked to Property Forum about the life cycle of the office furniture, the importance of the circularity and the implementation of the ESG principles in the Polish property market.

Industrial developer WDP has secured a €250 million loan from the European Investment Bank (EIB) for investments in photovoltaic systems and electric vehicle charging stations across its portfolio.