ARTICLES LABELLED WITH TAG Cordia

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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News Cordia introduces online home-buying process
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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News Hungary’s Cordia to enter Germany’s residential market
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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News Futureal to donate €700,000 to fight against COVID-19
24
Mar
2020

Futureal to donate €700,000 to fight against COVID-19

by Property Forum
Hungary-based developers Futureal Group and Cordia have decided to donate €700,000 (HUF 250 million) to the fight against COVID-19. The directors of the company will decide on the usage of the funds shortly,
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News Cordia aims to buy remaining stake in Polnord
20
Feb
2020

Cordia aims to buy remaining stake in Polnord

by Property Forum
Cordia International announced a public tender offer on 14 February 2020 to buy the remaining approximately 34.34% of the shares in Polnord S.A., which is not owned by Cordia International currently.
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Latest news


New leases

  • International sportswear brand Nike has chosen the Bonarka Shopping Centre in Kraków for the first location of its shop in the Nike Rise model. The retail space of the two-storey store is 1,000 sqm.
  • Poland's largest Monnari store has opened in the Serenada Centre in Krakow. The shop has an area of 605 sqm. Monnari is a Polish clothing brand. It has more than 200 stationary stores throughout Poland, as well as an online shop.
  • A McDonald's restaurant is joining the tenants of Nowa Sukcesja retail centre in Łódź. The 140 sqm restaurant will be located in the catering area, on the first floor.

New appointments

  • GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.
  • Anna Bartoszewicz-Wnuk joins the Velis Real Estate Tech team as Head of Central & Eastern Europe and will be responsible for the company's development in the CEE markets.
  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.

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