ARTICLES LABELLED WITH TAG financial report

News GTC records €66 million operating profit in 2020
23
Mar
2021

GTC records €66 million operating profit in 2020

by Property Forum
At the end of 2020, GTC’s property portfolio reached €2.1 billion while total revenues were at €160 million. Profit before tax and fair value adjustments reached €66 million in 2020, down from €73 million in 2019. Occupancy across the whole portfolio was steady at 91% despite a very challenging environment. GTC presented its 2020 financial results.
Read more >
News MLP Group posts over €36.8 million in net profit for 2020
19
Mar
2021

MLP Group posts over €36.8 million in net profit for 2020

by Property Forum
MLP Group has released consolidated financial results for 2020, showing a net profit of €36.8 million (PLN 170 million), up 32% year on year. Equity (net assets) rose 29% in 2020, to PLN 1.21 billion, with gross investment property having expanded by the same percentage, to PLN 2.33 billion.
Read more >
News Globalworth records 6.5% increase in NOI for 2020
05
Mar
2021

Globalworth records 6.5% increase in NOI for 2020

by Property Forum
In 2020, Globalworth’s Net Operating Income increased by 6.5% to €157.3 million, despite the negative effect (-2.3%) of the COVID-19 pandemic. The company announced its unaudited financial results for 2020.
Read more >
News VGP announces 80% increase in net profit
26
Feb
2021

VGP announces 80% increase in net profit

by Property Forum
Logistics developer and investor VGP announced a record net profit of €370.9 million for 2020 which is an 80.4% y-o-y increase. The company announced its financial results for 2020.
Read more >
News NEPI Rockcastle reports 19% decrease in rental income
26
Feb
2021

NEPI Rockcastle reports 19% decrease in rental income

by Property Forum
NEPI Rockcastle has published its condensed consolidated financial results for 2020, according to which the retail landlord’s net rental and related income was €323 million last year, 19.4% lower than in 2019.
Read more >
News Accolade fund’s portfolio value reaches €700 million
24
Feb
2021

Accolade fund’s portfolio value reaches €700 million

by Property Forum
Accolade published its results for 2020. Last year saw the expansion of the portfolio area by 30%, almost 400 new qualified investors and a year-on-year return of 10,02%. The biggest industrial real estate fund in the Czech Republic now owns a total of 16 industrial parks in the Czech Republic, Poland, and Germany with an area of 936,304 sqm.1,200 investors benefit from the rental income which was increased by 35%, in 2020.
Read more >
News Impact announces record revenues for 2020
19
Feb
2021

Impact announces record revenues for 2020

by Property Forum
Bucharest-listed Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth €42.7 million, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence Băneasa and 164 in Luxuria Residence compound.  
Read more >
News CA Immo expects €180 million revaluation result for 2020
10
Feb
2021

CA Immo expects €180 million revaluation result for 2020

by Property Forum
Based on independent external appraisals, CA Immo expects a property valuation effect of approx. €205 million (€2.07 per share) for the fourth quarter. The increase in value will more than compensate for the valuation loss of €21.5 million (€0.22 per share) booked in the first three quarters of 2020.
Read more >
News CPI increases property portfolio by 8% through acquisitions
02
Dec
2020

CPI increases property portfolio by 8% through acquisitions

by Property Forum
CPI Property Group’s property portfolio increased by 8% to €9.9 billion compared to the end of 2019, primarily due to the acquisition of six office properties in Warsaw, Poland and a 29.4% stake in Globalworth Real Estate Investments Limited. CPIPG published unaudited financial results for the third quarter of 2020.
Read more >
News Echo Investment to increase its focus on residential
26
Nov
2020

Echo Investment to increase its focus on residential

by Property Forum
The third quarter of the year brought Echo Investment €8 million (PLN 36 million) in net profit, which is the result of handing over 301 apartments to clients, the value increase of office buildings under construction, as well as the apartment rental platform – Resi4Rent. The developer increases its focus on the residential sector – both for sale and for rent – which today accounts for about a quarter of the company's assets. Echo Investment intends to carry out most of its projects as part of multi-functional projects, called "destinations".
Read more >

Latest news


New leases

  • Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
  • Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
  • The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP

New appointments

  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.

ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

Sign up today for the latest news

I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.

 

Property Forum © 2017 – 2023 | Terms & conditions | Privacy policy