ARTICLES LABELLED WITH TAG CEE

Immofinanz is now expanding its real estate offering to also include affordable and sustainable housing. With Top on Stop, single-storey Stop Shop retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium-term. This represents a further contribution by Immofinanz to the fight against climate change, ground sealing and the explosion in housing costs and opens up new earnings opportunities while, at the same time, optimising risk.

The office sector accounted for 66% of total investment volumes recorded in Romania’s commercial real estate sector in the first semester. Deals worth close to €290 were closed in the first half, down 41% year-on-year, according to a report by real estate consultancy Colliers. 

Immofinanz generated strong growth in the results of operations and net profit during the first half-year. The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued. The acquisition and development project pipeline has a volume of more than €1 billion. 

Most of the capital invested in commercial real estate in Central and Eastern Europe in the first half of this year went to Poland. According to Walter Herz, the forecasts for the domestic investment market are very optimistic

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

For GTC, the first half of the year was marked with the change in its financing structure and move from individual secured bank loans for particular projects to predominantly unsecured bond funding. The company published its results for H1 2021.

David Canta, Principal at Avison Young Romania & Czech Republic, talked to Property Forum about the pandemic’s effects on the advisory market and the company’s international expansion.

Ferenc Kis-Szölgyémi, CEO of B+N Reference Zrt., a CEE-based facility management provider, spoke with Property Forum about the company’s recent international expansion and shared his vision for further growth.

According to Colliers, CEE markets continue to feel some impact on transactional activity with flow volumes down ca. 22% year-on-year. Poland captured more than half of all invested capital in the first half of the year. Colliers estimates for 2021 that year-end volumes will remain between €10-11 billion.

Oxford Economics, one of the sources of CBRE Research, predicts a GDP growth of 6.9% for Romania, most likely the highest in the CEE region. With this in mind, it is clear that we are heading towards a fast-paced recovery. Luiza Moraru, Head of Property Management CEE at CBRE shared some facts and figures on investment market trends and talked about the growing activity of local investors on the Romanian market.