ARTICLES LABELLED WITH TAG Germany

News MLP Group reports strong performance in 2023
19
Mar
2024

MLP Group reports strong performance in 2023

by Property Forum
In 2023, MLP Group delivered a satisfactory set of results, both from the operational and financial point of view, driven by strong leasing performance on warehouse space across all its markets. The company recorded 29% revenue growth, with 2024 set to be the harvesting time.
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News Germany’s biggest department store chain files for third insolvency
09
Jan
2024

Germany’s biggest department store chain files for third insolvency

by Property Forum
Galeria Karstadt Kaufhof, Germany’s largest department store chain owned by Austrian Sign Group, has initiated its third insolvency procedure in less than four years over financial issues.
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News Austrian property giant Signa files for insolvency over financial issues
30
Nov
2023

Austrian property giant Signa files for insolvency over financial issues

by Property Forum
Signa, one of the largest real estate holdings in Austria, said it would file for insolvency on Thursday in Vienna, after one of its subsidiaries took a similar step earlier in Germany.
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News CA Immo operating result doubles after three quarters
29
Nov
2023

CA Immo operating result doubles after three quarters

by Property Forum
CA Immo has reported a good operating performance for the first three quarters of 2023. The results show, among other things, a significant increase in rental income (+9%) and high income from the sale of non-strategic properties (sales result of €158 million, FFO II +88%), which led to an increase in the operating result (EBITDA) of 129% compared to the previous year´s figure. In total, CA Immo generated a consolidated net profit of €61.1 million, which was around 77% below the previous year's figure, primarily due to the non-cash-effective, market-related negative result from revaluation.
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News CTP to invest €600 million in Poland and Germany
16
May
2023

CTP to invest €600 million in Poland and Germany

by Property Forum
CTP has unveiled plans to invest €600 million in the coming years to double its portfolio to 20 million sqm by 2030.
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News Griffin and Madison dispose of logistics asset in Germany
15
May
2023

Griffin and Madison dispose of logistics asset in Germany

by Property Forum
International Industrial Properties (IIProp), a logistics platform focused on investing in industrial and logistics space, owned by Madison International Realty and Griffin Capital Partners, sold a single-let logistics property in Germany. This is the company's second transaction in Germany, following its first portfolio sale in June 2022.
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News Cypriot court strikes down on CPIPG in ongoing dispute
03
May
2023

Cypriot court strikes down on CPIPG in ongoing dispute

by Property Forum
As a result of a legal dispute between real estate tycoon Radovan Vítek's CPI Property Group and businessmen Marek Čmejla and Jiří Diviš, a Cypriot court has reportedly ordered banks to freeze CPI Property Group's assets worth almost CZK 13 billion (€553 million), according to the German economic newspaper Handelsblatt, cited by the Czech daily Hn.cz. CPIPG, however, denies the German newspaper's information, saying that the interim measure is not in force and that no accounts have been seized or assets were frozen.
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News Wing and Griffin invest in Berlin-based developer Bauwert AG
20
Dec
2022

Wing and Griffin invest in Berlin-based developer Bauwert AG

by Property Forum
Berlin-based property developer firm Bauwert AG is entering a strategic partnership with Hungary’s Wing Group, as well as international investment & asset manager Griffin Capital Partners. For this purpose, the three companies signed an agreement under which Wing and Griffin will together acquire 60% of Bauwert’s shares. The remaining 40% will be kept in the ownership of the existing shareholders. Wing Group will have a controlling interest in the company.
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News CA Immo plans further changes in portfolio composition
24
Nov
2022

CA Immo plans further changes in portfolio composition

by Property Forum
In Q1-Q3 2022, CA Immo was able to increase its recurring earnings (FFO I) by 2.4% year-on-year to €102.5 million in the third quarter. Rental income rose by 2.5% to €158.1 million in the first nine months. The recent portfolio expansions and higher rental income from investment properties thus more than offset the effects from portfolio sales. Consolidated net income rose by 40% to €267.5 million, driven among other things by a strong revaluation result (Q1-Q3 2021: €180.4 million). The positive development in the third quarter was mainly due to the good letting business and the takeover of two project completions into the own portfolio. Following the strong first nine months, CA Immo confirms its earnings forecast for 2022 and expects recurring earnings (FFO I) of more than €125 million.
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News ZDR Investments invests again in Austrian retail asset
08
Nov
2022

ZDR Investments invests again in Austrian retail asset

by Property Forum
Czech real estate funds are attracted to invest abroad, and not only in Poland. ZDR Investments is now heading to Austria to acquire a retail park in Voitsberg, Austria, for the second time. It is now investing €12.3 million. In total, the group has already invested six times in Austria, writes E15.cz.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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