At the end of 2020, GTC’s property portfolio reached €2.1 billion while total revenues were at €160 million. Profit before tax and fair value adjustments reached €66 million in 2020, down from €73 million in 2019. Occupancy across the whole portfolio was steady at 91% despite a very challenging environment. GTC presented its 2020 financial results.

Cavatina Holding SA, the largest Polish office developer, has submitted an issue prospectus to the Polish Financial Supervision Authority in connection with the planned public offering of shares (IPO) and entry to the main market of the Warsaw Stock Exchange.

Multifamily investment has proven to be the most resilient real estate sector in Europe during 2020 and the new core, with a 6% increase year on year and a 17% increase on the past 5-year average, according to Savills.

MLP Group has released consolidated financial results for 2020, showing a net profit of €36.8 million (PLN 170 million), up 32% year on year. Equity (net assets) rose 29% in 2020, to PLN 1.21 billion, with gross investment property having expanded by the same percentage, to PLN 2.33 billion.

2020 was a record year for industrial and logistics investment volumes with ca. €3.3 billion transacted and a 32% share of the total annual volumes, according to “The CEE Industrial Scene 2020-2021” released by Colliers.

Despite the difficulties caused by COVID-19, the year 2020 was a turning point, in a positive sense, for most Czech Proptech companies. as the pandemic situation created strong pressure to automate and digitize processes using modern technologies. These technologies include machine reading, artificial intelligence or the Internet of Things. Many companies have expanded to foreign markets, where Czech solutions for residential and commercial development are receiving positive responses. The Czech-Slovak Association of PropTech Companies has received feedback from 5 progressive companies.

The Austrian Takeover Commission notified Immofinanz that a review procedure is being initiated with respect to Immofinanz as the target company.

Czech real estate consultancy 108 Agency has published the first edition of an original project that provides an overall summary of the Czech industrial real estate market from the perspective of individual development companies and owners.

The activity on the Bulgarian real estate market was strongly affected by the COVID-19 crisis, but we saw more resilience for the investment and industrial sectors which registered both an increase during the last year. For 2021, the forecasts are still positive for the investment property market and for the industrial development sector, according to the Sofia City Report H2 2020, released by JLL Romania with the support of IPC Partners Bulgaria.

Budapest’s housing market is becoming more eventful for used and newly-built homes alike as sales have started to pick up in early 2021. As a result, developers sold more than 1,600 new homes between December 2020 and February 2021, nearly half the total number of new homes sold last year. At this rate, total sales figures may even double this year. As usual, most new homes were sold in Budapest's District 13, but the Inner Pest districts have also attracted large numbers of buyers. Data from the Budapest Housing Market Report by Eltinga and Ecorys reveals the number of new homes sold early this year in various locations.