ARTICLES LABELLED WITH TAG financial-report

News - CA Immo achieves record result in 2019
26
Mar
2020

CA Immo achieves record result in 2019

by Property Forum
CA Immo presented its financial results for 2019 with a significant increase in recurring earnings (+13%) and rental income (+15%).  The company expects challenging conditions on CA Immo's core markets due to COVID-19.
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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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Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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