ARTICLES LABELLED WITH TAG financial report

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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News NEPI records 28% year-on-year growth in turnover over H1 2020
20
Aug
2021

NEPI records 28% year-on-year growth in turnover over H1 2020

by Property Forum
NEPI Rockcastle’s turnover in H1 2021 was 28.1% higher than in H1 2020 and 23.1% lower than in H1 2019 (on a property like-for-like basis, excluding hypermarkets and entertainment). The company published its interim financial report for H1 2021.
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News CTP records €188.3 million profit for H1 2021
12
Aug
2021

CTP records €188.3 million profit for H1 2021

by Property Forum
CTP announced its results for the first half-year of 2021. CTP reports strong half-year results and is well on track to further accelerate its development, raising its GLA growth target to beyond 7.7 million sqm by year-end 2021, up from 7.5 million sqm as guidance at its IPO end of March 2021.
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News Immofinanz records €123.1 million net profit in Q1 2021
31
May
2021

Immofinanz records €123.1 million net profit in Q1 2021

by Property Forum
Immofinanz recorded a significant improvement in the results of operations and net profit during the first quarter of 2021, which was still heavily influenced by the COVID-19 crisis.
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News CPIPG records 7% increase in EBITDA in Q1 2021
31
May
2021

CPIPG records 7% increase in EBITDA in Q1 2021

by Property Forum
CPI Property Group’s net rental income increased by 6% to €88 million in Q1 2021 compared to Q1 2020. Consolidated adjusted EBITDA increased by 7% to €90 million and funds from operations (FFO) increased by 4% to €61 million compared to Q1 2020. The company published its unaudited financial results for the first quarter of 2021.
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News CA Immo continues portfolio growth in Q1 2021
26
May
2021

CA Immo continues portfolio growth in Q1 2021

by Property Forum
Supported by sustained portfolio growth in 2020 and the completion of profitable property sales and project pre-letting in Q1 2021, CA Immo is starting 2021 with a positive first quarterly result. All key financial figures were increased compared to the previous year, and the value of property assets rose to €5.7 billion. A sustainable result (FFO I) of at least €128 million is expected for 2021, and FFO I of at least €140 million for the post-pandemic financial year 2022.
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News GTC records €15 million profit despite rental revenue decrease
13
May
2021

GTC records €15 million profit despite rental revenue decrease

by Property Forum
GTC’s rental and service revenues decreased by €3.8 million to €37 million in Q1 2021 from €41 million in Q1 2020. Profit before tax and fair value adjustments for Q1 2021 reached €15 million, up from €13 million in Q1 2020. The company published its financial results for Q1 2021.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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