ARTICLES LABELLED WITH TAG financial-report

News - Wing buys more shares in Echo Investment
24
Mar
2020

Wing buys more shares in Echo Investment

by Property Forum
With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.
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News - CPI’s property portfolio value reaches €9.1 billion
20
Feb
2020

CPI’s property portfolio value reaches €9.1 billion

by Property Forum
CPI Property Group published its unaudited profit and credit estimates for the financial year ended 31 December 2019.
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News - CTP releases financial results for 2018
03
Jul
2019

CTP releases financial results for 2018

by Property Forum
In 2018, CTP achieved gross rental income of nearly €274 million, a 16% year-on-year increase. During the year CTP grew its CEE portfolio by over 13%, reaching the milestone of 5 million sqm under management. Total asset value increased year-on-year by over 10% to €4.8 billion. The company’s LTV ratio decreased slightly to 48%.
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News - Globalworth continues heavy expansion
19
Sep
2018

Globalworth continues heavy expansion

by Property Forum
Globalworth released its interim report and unaudited consolidated financial results for H1 2018. The company continued to expand heavily in its core markets, Poland and Romania.
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News - Immofinanz doubles results of operations
31
May
2018

Immofinanz doubles results of operations

by Property Forum
Immofinanz doubled the results of operations to €35.5 million in the first quarter of 2018 (Q1 2017: €17.8 million). Rental income rose by 3.3% to €59.0 million. The results of asset management increased by a sound 14.1% to €45.0 million following a substantial reduction in property expenses. Both the results of property sales and the results of property development turned clearly positive: the results of property sales improved to €3.5 million (€-6.0 million) and the results of property development to €1.8 million (€-5.8 million).
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News - Penta looks to expand in Poland
23
Apr
2018

Penta looks to expand in Poland

by Import Sys
Penta Investments closed 2017 with a profit of €236 million and its portfolio companies' total assets grew by 6 % to €9 billion. Fortuna, Dr.Max , Prima banka and Privatbanka were the most profitable companies, Penta Real Estate's development activities also contributed to the success. The largest expenditure was allocated for investment in the retail, real estate, healthcare and manufacturing sectors.
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News - Immofinanz posts 2017 financial results
05
Apr
2018

Immofinanz posts 2017 financial results

by Import Sys
Net profit from continuing operations (i.e. excluding Russia) returned to the profit zone with a significant improvement to €181.0 million in 2017 (2016: €-147.4 million). That represents earnings per share of €0.17 (2016: €-0.15). Rental income was slightly higher at €234.5 million (2016: €233.4 million) despite the continuing sale of properties which do not fit in with the corporate strategy. After an adjustment for new acquisitions, completions and sales (like-for-like), rental income grew by a sound 4.5% to €200.0 million (annualised). The results of Asset Management rose by 13.4% to €150.8 million. In total, the results of operations increased by 44.4% to €107.6 million (2016: €74.5 million). Financial results turned substantially positive at €88.8 million (2016: €-107.6 million), above all due to positive valuation effects from the investments in CA Immo and BUWOG and a reduction in financing costs.
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News - Atrium to invest €330 million in Poland
23
Mar
2018

Atrium to invest €330 million in Poland

by Import Sys
Atrium European Real Estate Limited announces its results for 2017. The company is focusing on owning quality assets in well-connected, strong, urban locations in the region's largest and strongest economies. 20 smaller assets were sold during 2017 and early 2018 for €80 million, with the effective exit from Hungary and the Czech portfolio rotation completed.
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News - NEPI Rockcastle plans major retail developments in SEE
21
Feb
2018

NEPI Rockcastle plans major retail developments in SEE

by Import Sys
NEPI Rockcastle published its results for 2017. The total value of direct property portfolio owned and managed by NEPI Rockcastle exceeded €5 billion (including joint-ventures). Acquisitions and developments finalised during 2017 totalled €947 million, with 339,800 sqm GLA added.
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News - Prologis posts 2017 results
24
Jan
2018

Prologis posts 2017 results

by Import Sys
Prologis announced fourth quarter and full year 2017 activity in Europe. During the past year Prologis started 40 developments, totalling 917,500 square metres.
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Latest news


New leases

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.

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