ARTICLES LABELLED WITH TAG financial-report

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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News - CA Immo considers sale of entire Romanian portfolio
25
Nov
2021

CA Immo considers sale of entire Romanian portfolio

by Property Forum
The Management Board and Supervisory Board of CA Immo have decided to start evaluating all strategic options for the core market of Romania, including a potential sale of the entire portfolio. The company published its interim results for Q1-Q3 2021.
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News - Surge in VGP’s rental income doubles development activity
19
Nov
2021

Surge in VGP’s rental income doubles development activity

by Property Forum
VGP, a European provider of high-quality logistics and semi-industrial real estate, published a trading update for the first ten months of 2021.
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News - CTP reports 92% increase in profit year-to-date
17
Nov
2021

CTP reports 92% increase in profit year-to-date

by Property Forum
CTP reported a 92% rise in profit for the first nine months of 2021 to €317.8 million, compared with €165.8 million for the same period of 2020. The company’s strong performance was driven by solid ongoing leasing take up, rental growth and record development valuations from accelerating yield compression in CTP’s core CEE portfolio. The robust financial results are manifested in adjusted EPRA earnings per share year-to-date increasing to €0.38 in 2021 as compared with €0.29 for the same period in 2020. The company has also invested significantly this year in boosting its talent base, attracting new people into senior management roles in country teams and across group functions.
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News - GTC continues transition to unsecured debt
16
Nov
2021

GTC continues transition to unsecured debt

by Property Forum
The results after the first three quarters of 2021 are showing an upward trend with all the main parameters above the comparable for 2020. GTC published its Q1-Q3 2021 results.
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News - CPIPG reports 7% increase in net rental income
01
Sep
2021

CPIPG reports 7% increase in net rental income

by Property Forum
CPI Property Group’s net rental income increased to €175 million in H1 2021 (up 7% versus H1 2020) and its consolidated adjusted EBITDA rose to €172 million (up 5% versus H1 2020). The company published its unaudited financial results for the six-month period ended 30 June 2021.
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News - VGP records net profit of €203.8 million in H1 2021
31
Aug
2021

VGP records net profit of €203.8 million in H1 2021

by Property Forum
Industrial and logistics developer VGP recorded a net profit of €203.8 million in the first half of 2021. VGP announced its financial and operational results for H1 2021.
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News - Immofinanz reports strong earnings plus for H1 2021
31
Aug
2021

Immofinanz reports strong earnings plus for H1 2021

by Property Forum
Immofinanz generated strong growth in the results of operations and net profit during the first half-year. The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued. The acquisition and development project pipeline has a volume of more than €1 billion. 
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News - CA Immo reports strong earnings growth in H1 2021
25
Aug
2021

CA Immo reports strong earnings growth in H1 2021

by Property Forum
CA Immo's operating result (EBITDA) of €114.9 million for H1 2021 was up 27% on the previous year's figure.
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News - GTC proceeds with transformation to unsecured debt
24
Aug
2021

GTC proceeds with transformation to unsecured debt

by Property Forum
For GTC, the first half of the year was marked with the change in its financing structure and move from individual secured bank loans for particular projects to predominantly unsecured bond funding. The company published its results for H1 2021.
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Latest news


New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.

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