ARTICLES LABELLED WITH TAG financial-report

News - Globalworth records best year in office leasing, increases profit
25
Mar
2022

Globalworth records best year in office leasing, increases profit

by Property Forum
Globalworth’s net profit in 2021 significantly improved to €47.5 million (2020: net loss of €46.8 million) while it recorded its best year in office leasing with 214,500 sqm of spaces taken up or extended. The company has released its annual report and audited consolidated financial results for 2021.
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News - CA Immo announces record net profit for 2021
24
Mar
2022

CA Immo announces record net profit for 2021

by Property Forum
At €479.8 million, CA Immo reached its highest consolidated net income in the company's history, up 89% on the previous year (2020: €254.0 million), mainly due to a high revaluation result. The company published its latest financial results.
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News - MLP Group posts over €105 million in net profit
17
Mar
2022

MLP Group posts over €105 million in net profit

by Property Forum
MLP Group's financial standing remains very strong, as confirmed by the posted results for 2021. Last year, MLP Group’s net asset value (NAV) went up 51%, to PLN 1.82 billion (€396.7 million). The value of its investment property rose 46%, to around PLN 3.4 billion (€752 million). Consolidated rental income (i.e. revenue from the Group's core business) was PLN 196 million (€42.8 million), representing a nearly 15% increase year on year. At PLN 632.3 million (€138.1 million), operating profit surged 112% year on year, with a nearly threefold increase in net profit, to PLN 480.5 million (€105.0 million).
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News - CTP reports 306% rise in net profit
09
Mar
2022

CTP reports 306% rise in net profit

by Property Forum
Industrial developer CTP reported a net profit of €1 billion in 2021, up 306% year-on-year over expansion across the Central and Eastern Europe markets and increasing demand for warehouse space. 
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News - Pbb increases pre-tax profit by €90 million
09
Mar
2022

Pbb increases pre-tax profit by €90 million

by Property Forum
Deutsche Pfandbriefbank AG (pbb) concluded the 2021 financial year with a pre-tax profit of €242 million, thereby exceeding by 60% the previous year’s results, which were burdened by the COVID-19 pandemic.
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News - Globalworth reports €47.5 million net profit for 2021
04
Mar
2022

Globalworth reports €47.5 million net profit for 2021

by Property Forum
Globalworth’s adjusted normalised EBITDA decreased by 8.1% to €130.2 million in 2021, compared to €141.6 million in 2020, due to a lower net operating income. Net profit significantly improved to €47.5 million (2020: net loss of €46.8 million) due to marginal revaluation losses of €5.7 million in 2021 compared to the €116.2 million revaluation losses in 2020. The company published its unaudited financial results for 2021
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News - CPI Property Group expects FFO of €250 million for 2021
16
Feb
2022

CPI Property Group expects FFO of €250 million for 2021

by Property Forum
CPI Property Group has published unaudited profit and credit estimates for the financial year ended 31 December 2021. While publication of the audited annual financial report is scheduled for 31 March 2022, the company is proceeding with this unaudited disclosure so that investors and stakeholders are updated about the Group’s performance.
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News - 7R breaks records in 2021
25
Jan
2022

7R breaks records in 2021

by Property Forum
7R, the Polish developer of warehouse and production facilities, delivered nearly 400,000 sqm of BREEAM-certified space in 2021, doubling the company’s annual result y-o-y. In the last 12 months, 7R has divested 17 projects to investment funds and real estate companies for a total of nearly €400 million. The amount of space the tenants occupy has also increased, totaling 500,000 sqm. The portfolio of properties managed by 7R now exceeds one million sqm.
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News - Immofinanz records net profit clearly above pre-crisis level
29
Nov
2021

Immofinanz records net profit clearly above pre-crisis level

by Property Forum
Immofinanz's results of operations rose by nearly 60% year-on-year to €180.4 million in Q1-Q3 2021 and even substantially exceeded the comparable 2019 pre-crisis level (+29% versus Q1–3 2019). Net profit turned clearly positive at €295.7 million and also surpassed the pre-crisis level in 2019 (Q1–3 2019: €202.6 million).
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News - Warimpex generates positive results for Q3 2021
29
Nov
2021

Warimpex generates positive results for Q3 2021

by Property Forum
The Warimpex Group achieved a solid operational performance in the first three quarters of 2021. The hotel segment in particular recovered versus the previous year and there are also successes to report on the office and development side, with two new lease agreements and the start of construction on a property. The Group’s result for the period improved from a loss of €31.2 million to a gain of €2.5 million. The result for the third quarter alone also climbed into positive territory, rising from minus €9.4 million to €0.8 million.
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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