ARTICLES LABELLED WITH TAG financial report

News CPI Property Group collects 76% of rent in April
02
Jun
2020

CPI Property Group collects 76% of rent in April

by Property Forum
As of 29 May, CPI Property Group collected 76% of rents in April 2020. The company published unaudited financial results for the first quarter of 2020.
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News Echo Investment increases portfolio value by 20%
28
May
2020

Echo Investment increases portfolio value by 20%

by Property Forum
In Q1 2020, Echo Investment commissioned four housing projects and two office buildings, sold 399 apartments and handed over 190 to clients, started the rental process in the second Resi4Rent building in Wrocław and secured the purchase of attractive plots of land on which 4,000 apartments can be built. During this time, the Group’s next profit exceeded PLN 40 million.
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News Immofinanz reports negative net profit for Q1 2020
28
May
2020

Immofinanz reports negative net profit for Q1 2020

by Property Forum
Immofinanz’s rental income in Q1 2020 rose by 13.4% to € 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as a growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to €59.5 million, and the results of operations were 18.0% higher at €43.5 million. However, the revaluation results of €-45.0 million from standing investments and goodwill reflect the adverse effects of the COVID-19 pandemic. Net profit for Q1 2020 was, therefore, negative at €-37.6 million.
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News CA Immo collects 97% of invoiced rents in Q1 2020
27
May
2020

CA Immo collects 97% of invoiced rents in Q1 2020

by Property Forum
CA Immo presented its results for the first quarter of 2020. The company registered solid growth in rental income (+7.2% year-on-year) and although the negative revaluation result reflects the exceptional economic situation now prevailing, other positive earnings contributions made up for this.
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News CPI Property Group completes green bond issue and tender offers
18
May
2020

CPI Property Group completes green bond issue and tender offers

by Property Forum
CPI Property Group published an update on the Group’s efforts to flatten debt maturities, reduce gross leverage and fortify operating position.
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News Immofinanz expects negative effect from property valuation
14
May
2020

Immofinanz expects negative effect from property valuation

by Property Forum
Immofinanz expects a substantial improvement in rental income and the results of operations for the first quarter of 2020. The estimated increases range from 13.0% to 15.0% versus Q1 2019.
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News Atrium gradually reopens retail assets across CEE
06
May
2020

Atrium gradually reopens retail assets across CEE

by Property Forum
Atrium European Real Estate published an update on trading for the three months ended 31 March 2020 and an update on trading in light of the COVID-19 pandemic. A progressive reopening has been launched from 4 May in Poland and is planned from 11 May in the Czech Republic and 3 June Slovakia, although it is too early to say when the company’s assets will return to full operation.
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News Immofinanz increases net profit by 62%
22
Apr
2020

Immofinanz increases net profit by 62%

by Property Forum
Immofinanz published its results for the 2019 financial year. The clear improvement of 18.1% in rental income and 30.2% in FFO 1 from the standing investment business underscore the profitable growth of the portfolio to approximately €5.1 billion. Net profit rose by 61.9% to €352.1 million and goes hand in hand with a solid financial position: Cash and cash equivalents total €345.1 million. In order to strengthen this very good cash position, an unsecured revolving credit facility of €100 million was concluded at the end of March 2020.
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News CPI Property Group increases property portfolio value
01
Apr
2020

CPI Property Group increases property portfolio value

by Property Forum
CPI Property Group published results for the financial year ended 31 December 2019. “2019 was a year of many achievements for CPIPG. We grew our office portfolio, tightened our financial policy and strengthened our liquidity,” said Martin Nemecek, CEO of CPIPG.
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News Globalworth further improves its liquidity
26
Mar
2020

Globalworth further improves its liquidity

by Property Forum
Globalworth released its annual financial reports for 2019 and issued a COVID-19 statement. Since the beginning of the year, Globalworth has further improved its liquidity, which is currently close to €600 million of available cash.
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Latest news


New leases

  • ROCKWOOL is expanding its office space in the Nowy Rynek D building, developed by Skanska in Poznań. In 2020, a competence centre was established on an area of 6,000 sqm. Now, the company has decided to lease additional 900 sqm.
  • Primark has opened the doors of its fourth shop in Poland for the first time in Katowice's Silesia City Center. The store occupies more than 3,600 sqm of retail space.
  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.

New appointments

  • From the beginning of December at BNP Paribas Real Estate Poland, Małgorzata Fibakiewicz will head the Office Department and Justyna Magrzyk-Flemming will take up the position of Head of Business Services.
  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.


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