ARTICLES LABELLED WITH TAG financial results

News Echo Investment Group stays on stable growth path
28
Nov
2023

Echo Investment Group stays on stable growth path

by Property Forum
In the third quarter of 2023, the total value of the Echo Investment Group`s assets increased to PLN 6.2 billion, while its further development is supported by a high level of cash amounting to PLN 627 million.
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News Development pipeline of Trei Real Estate amounts to €1.9 billion
20
Sep
2023

Development pipeline of Trei Real Estate amounts to €1.9 billion

by Property Forum
Trei Real Estate has just presented its mid-year financials for 2023. Despite a difficult market environment for developers, Trei continues its developments of residential real estate in Germany, Poland and the United States as well as of retail real estate in Poland. The development pipeline amounted to a total value of €1.9 billion by 30 June 2022, which represents a drop of c. €100 million since 31 December 2022. The decline is essentially explained by the completion of three retail parks in Poland as well as by the completion and the highly successful sale of the “Atlantic Beach House” residential project in Charleston/South Carolina, whose disposal generated around 35 per cent IRR for Trei. Out of the total development pipeline of €1.9 billion, the residential use class accounts for €1.7 billion while retail developments in Poland account for €200 million.
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News MLP Group’s revenue rises by more than half
24
Aug
2023

MLP Group’s revenue rises by more than half

by Property Forum
In the first half of 2023, the operating income of MLP Group reached PLN 185.7 million (€40.3 million). Compared to the same period a year ago, this number is higher by 52%.
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News GTC continues with resilient operating performance in 2023
24
Aug
2023

GTC continues with resilient operating performance in 2023

by Property Forum
GTC has presented strong financial results for the first half of 2023 with €90 of rental revenues, 8% higher than the €85 million recorded in the same period of the previous year.
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News Echo-Archicom Group reports strong cash position
30
Mar
2023

Echo-Archicom Group reports strong cash position

by Property Forum
The Echo-Archicom Group closes the year 2022 with a strong cash position and further reduced the company's net debt. This is the result of selling seven office buildings worth nearly €320 million. In 2022, the Group generated a net profit of PLN 127 million attributable to shareholders of the parent company, which was mainly the outcome of handing over to customers 2,168 apartments for sale and rent built by Echo Investment and Archicom, as well as an increase in the value of office buildings and apartments for rent.
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News Echo reports strong financial results for H1v2022
28
Sep
2022

Echo reports strong financial results for H1v2022

by Property Forum
The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022. 
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Latest news


New leases

  • Rossmann drugstore, Itaka travel agency and Świat Pierogów restaurant have joined the group of tenants at the Silwana retail park in Gorzów Wielkopolski. The premises leased by Rossmann will cover an area of 550 sqm, while Świat Pierogów will occupy a space of 65 sqm.
  • CCC and HalfPrice are joining the tenants of Pasaż Ciechanowski. The brands will occupy a total of more than 2,500 sqm. The opening of the retail park in Ciechanów is scheduled for the fourth quarter of 2025.
  • The Media Expert chain has joined the group of tenants at Nowa Sukcesja. The electromarket will occupy an area of over 900 sqm in the Łódź facility. The opening of Nowa Sukcesja is planned for the fourth quarter of 2024.

New appointments

  • Gellért Berkes has been appointed as Head of Property Management at ConvergenCE. He has been a member of the real estate development team for two and a half years. He has nearly 15 years of professional real estate experience.
  • MLP Group has announced that Tomasz Zabost has resigned as a member of the management board with immediate effect, without stating the reasons for his resignation. He became a member of MLP Group's management board in January 2015.
  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.

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