ARTICLES LABELLED WITH TAG Cordia

News Cordia to hand over 800 homes in Hungary in 2021
17
Mar
2021

Cordia to hand over 800 homes in Hungary in 2021

by Property Forum
Hungarian residential developer Cordia plans to hand over a record number of homes this year in Hungary. Thanks to an expanded government family support scheme and the re-introduction of a 5% VAT rate on residential property, the company expects sustained strong demand and will therefore increase its offer by more than 800 new homes as part of several developments. Work is continuing uninterrupted while protective measures are observed, with full online customer service introduced last year.
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News Cordia sells  20% of apartments in Bucharest project
02
Mar
2021

Cordia sells 20% of apartments in Bucharest project

by Property Forum
Cordia Romania, part of Futureal Group, announced the sale of 20% of the apartments in the second phase of the Parcului20 project in Bucharest.
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News With the vaccine, comfort will come back to the market
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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News Cordia wants to withdraw Polnord shares from public trading
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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News Hungary’s Cordia enters UK market with PRS acquisition
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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News Cordia raises €105 million to finance its expansion strategy
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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News Cordia Group announces new Chief Financial Officer
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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News Cordia set to profit €38 million from Polnord takeover
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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News Cordia launches new residential project in Poznań
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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News Cordia raises stake in Polnord to above 90%
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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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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