News Immofinanz’s net profit reaches €163 million in H1 2022

Immofinanz’s net profit reaches €163 million in H1 2022

by Property Forum
In H1 2022, Immofinanz's rental income reached a high level of €144.2 million, the results of asset management improved by 3.0% to €110.0 million, and sustainable FFO 1 from the standing investment business rose by 6.1% to €78.7 million. Net profit equalled €162.7 million, whereby the first half of the previous year was influenced, above all, by a substantial revaluation of the investment in S Immo. With an equity ratio of 57.3% and conservative debt with a net LTV of 32.5%, Immofinanz has a strong capital base.
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News GTC records 95% growth in net profit year-on-year

GTC records 95% growth in net profit year-on-year

by Property Forum
In H1 2022, GTC’s net profit amounted to €41 million in H1 2022 (compared to €21 million in H1 2021). This mainly resulted from a strong operating performance combined with profit from revaluation/impairment of assets and lower finance cost, partially offset by an increase in foreign exchange differences loss.
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Latest news

New leases

  • GIENGER Bohemia, a trading company focused on wholesale activities in the field of heating, sanitary equipment, installations, and utility network is a new tenant in the Arete Park Plzeň. The leasable area for GIENGER Bohemia is 3.511 sqm and the operation starts as of March 1st, 2023. The transaction has been mediated by Knight Frank Czech Republic.
  • Logistics operator JAS-FBG has chosen 7R City Flex Katowice I as a base for its operations, where it will occupy over 6,000 sqm. The facility is scheduled to be commissioned in May 2023.
  • One of the leading global distributors of chemical raw materials is a new tenant of the P180 office building in Warsaw, developed by Skanska. The new tenant will have approx. 1,500 sq m of office space. The transaction process was facilitated by the consulting company Savills.

New appointments

  • Milica Nikolic, Marko Radulovic, Nenad Suzić, Mina Kalezic, Srdjan Teofilovic, Tamara Kostadinovic and Goran Zivkovic have been promoted to Partners at CBS International Serbia, part of Cushman & Wakefield Group.
  • JLL Bratislava branch announced that Lukáš Králik, Senior Consultant at the Office Agency team, became the newest member of the Royal Institution of Chartered Surveyors (RICS) in the field of Commercial Real Estate. With this accreditation, JLL raised the number of RICS accredited professionals to eight.
  • Dominik Pawlak takes the position of Director in the Office Agency department at Avison Young Poland, where he will be responsible for the company's key clients, as well as training junior team members.


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