ARTICLES LABELLED WITH TAG Cordia

07
Dec
2020

With the vaccine, comfort will come back to the market

by Michał Poręcki
Top Polish developers believe that in 2021 the real estate market will normalize and the vaccine will help it shake off the pandemic effects. They discussed investment markets trends at the online edition of Property Investment Forum 2020, organised by Portfolio in partnership with Property Forum.
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04
Dec
2020

Cordia wants to withdraw Polnord shares from public trading

by Property Forum
Cordia International Zrt. has announced a public tender offer to acquire the remaining approximately 7,08% of shares in Polnord SA. The goal is to increase Cordia’s stake in Polnord SA to 100% of outstanding shares.
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07
Sep
2020

Hungary’s Cordia enters UK market with PRS acquisition

by Property Forum
Cordia International Zrt. has acquired UK developer Blackswan. Cordia financed the transaction by using funds collected from the bond issuance under National Bank of Hungary’s Bond Funding for Growth Scheme. The acquisition allows Blackswan to deliver a £550 million project pipeline across the West Midlands
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01
Sep
2020

Cordia raises €105 million to finance its expansion strategy

by Property Forum
Cordia International, the residential development platform of Futureal Group has successfully managed its second bond issuance on the Budapest Stock Exchange to finance its further expansion, predominantly in CEE. The developer raised HUF 36 billion (€105 million) in its latest transaction which was heavily oversubscribed by financial institutions and achieved a 2.46% yield. Last November Cordia successfully placed a HUF 44 billion (€305 million) 7-year bond at 3.82% yield.
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10
Aug
2020

Cordia Group announces new Chief Financial Officer

by Property Forum
Cordia Group announced that Tomasz Łapiński stepped down as a CFO of the company and he is succeeded by Péter Bódis, who has over 20 years of experience in capital markets and investment fund management in international organizations.
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02
Jul
2020

Cordia set to profit €38 million from Polnord takeover

by Property Forum
Cordia International Zrt., as part of its international expansion strategy, has recently acquired 93% of Warsaw listed Polish residential developer Polnord S.A. through a combination of capital increase and public tender offer that was closed on 9 of April 2020. Cordia will first report the effects of such acquisition in its half-year balance sheet but has provided guidance on its positive effects on Cordia’s equity capital.
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19
Jun
2020

Cordia launches new residential project in Poznań

by Property Forum
After acquiring nearly 93% of stocks of Polnord listed on the Warsaw Stock Exchange, Cordia is one of the first companies to launch a new residential project in Poland following the alleviation of the pandemic. The company has started the presale of more than 200 homes being built in its first project in Gdańsk. Hungary’s leading residential developer is also active in Poznań, where it is preparing its largest-ever Polish residential investment with a large-scale urban rehabilitation. For the company, the Polish market is particularly important as it proved to be stable even during the years of the global crisis in 2008-2009.
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28
Apr
2020

Cordia raises stake in Polnord to above 90%

by Property Forum
Cordia International raised its stake in Polnord S.A. to 92.92% in a tender offer. Following the transaction, the shareholders elected a new supervisory board with representatives from Cordia.
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08
Apr
2020

Cordia introduces online home-buying process

by Property Forum
Hungarian residential developer Cordia is introducing a new, secure, online service that covers the entire home buying process, including virtual viewing and remote contract signing.
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27
Mar
2020

Hungary’s Cordia to enter Germany’s residential market

by Property Forum
Cordia International is continuing its international expansion. Following Romania, Poland and Spain, the developer is entering the German rental housing market through the acquisition of a 20.6% stake in ARGO Properties N.V. for €34.4 million.
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Latest news


New leases

  • CBRE Hungary's Advisory & Transaction Services, Offices team successfully represented Samsung in their office lease renewal on 2,036 sqm at Gateway Office Park.
  • IULIUS Company signed a partnership with international fashion & home retailer Sinsay, which will operate stores in each of the two Family Market projects under construction in Iași as of the second quarter of next year.
  • AmeriGas, an international propane distributor have just signed a contracts for 5,700 sqm in Forest office building in Warsaw, developed by HB Reavis. The development, designed by HRA Architekci, and the surrounding streetscape regeneration will be completed by 2022.

New appointments

  • Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
  • Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
  • Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.


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