ARTICLES LABELLED WITH TAG financial-results
30
Mar
2023
Mar
2023
Echo-Archicom Group reports strong cash position
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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28
Sep
2022
Sep
2022
Echo reports strong financial results for H1v2022
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
- What happened in CEE real estate this week?
- CityOne Group acquires logistics project in Budapest from Woco Group
- BIG Poland advances with retail park in central Dzierżoniów
- Data centre demand in Europe to soar in 2026
- Kvadrat Acoustics leases 10,000 sqm at Panattoni Park Poznań
- CA Immo inks 14,500 sqm lease for Prague-based Danube House
- Check who’s shaping Slovakia’s real estate market in 2026
- Passerinvest starts construction of 33,000 sqm office building in Prague
- Amazon to develop 200,000 sqm robotic fulfilment centre in Poland
- Globalworth reaches 60% pre-lease for new office in Bucharest
New leases
- Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.
- LAPP Romania has renewed its lease for approximately 2,000 sqm within CTP Romania's CTPark Bucharest, in a deal brokered by iO Partners.
- Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
New appointments
- PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
- iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
- Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
