ARTICLES LABELLED WITH TAG results

News - GTC Poland reports 13% increase in turnover
17
Feb
2025

GTC Poland reports 13% increase in turnover

by Property Forum
GTC has summarized its performance in Poland in 2024. The company achieved satisfactory results in the commercial sector, leasing 93,000 sqm, marking the best performance of the last decade. GTC's shopping centres also reported equally good operational results - tenant-generated turnover increased by 13% year-on-year, while the number of visitors exceeded 13 million.
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News - CPIPG reports rising rental income for H1 2023
01
Sep
2023

CPIPG reports rising rental income for H1 2023

by Property Forum
According to CPI Property Group's financial results for H1 2023, the group's rental income continues to rise, even as it works on its disposal and deleveraging plans. The group's CEO expects a similar trend for the rest of the year.
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News - CPIPG cleans up portfolio and sells €2 billion of assets
15
Nov
2022

CPIPG cleans up portfolio and sells €2 billion of assets

by Property Forum
CPI Property Group has announced the divestment of part of its portfolio to reduce the Group's debt burden. Its debt had primarily increased due to the Group's €8 billion investment in Austria. The estimated value of the properties to be sold is expected to be around €2 billion. The liquidation strategy was announced by CPI PG in its notification to shareholders.
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News - Trei increases development volume to €1.7 billion in 2021
23
Mar
2022

Trei increases development volume to €1.7 billion in 2021

by Property Forum
Trei Real Estate, an international developer and property asset holder specialising in residential and retail real estate, continued to expand its business in 2021, the second year of the COVID-19 pandemic. As of 31 December 2021, the development portfolio had an aggregate value of €1.7 billion after growing by 40 percent (2020: €1.2 billion). Residential real estate makes up the bulk of the total with €1.5 billion, whereas retail real estate accounts for c. €200 million. The value of the assets under management, including the own property portfolio, remained unchanged at €1.3 billion. The proprietary portfolio accounts for €1.2 billion out of this total, while c. €100 million are managed on third-party mandates.
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News - MLP Group posts over €105 million in net profit
17
Mar
2022

MLP Group posts over €105 million in net profit

by Property Forum
MLP Group's financial standing remains very strong, as confirmed by the posted results for 2021. Last year, MLP Group’s net asset value (NAV) went up 51%, to PLN 1.82 billion (€396.7 million). The value of its investment property rose 46%, to around PLN 3.4 billion (€752 million). Consolidated rental income (i.e. revenue from the Group's core business) was PLN 196 million (€42.8 million), representing a nearly 15% increase year on year. At PLN 632.3 million (€138.1 million), operating profit surged 112% year on year, with a nearly threefold increase in net profit, to PLN 480.5 million (€105.0 million).
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News - DL Invest Group sums up 2021 with good results
31
Jan
2022

DL Invest Group sums up 2021 with good results

by Property Forum
DL Invest Group has leased nearly 80,000 sqm of commercial spaces in 2021. It embraces activities in the office, retail and industrial sectors. The value of assets that belong to the company increased to over PLN 1.5 billion.
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News - Ghelamco sums up good results in 2021
30
Dec
2021

Ghelamco sums up good results in 2021

by Property Forum
The commissioning of Warsaw UNIT, one of the most modern buildings in Poland, and two commenced investments, including a high-rise building, are the most important goals achieved by Ghelamco Poland in 2021.
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News - CA Immo considers sale of entire Romanian portfolio
25
Nov
2021

CA Immo considers sale of entire Romanian portfolio

by Property Forum
The Management Board and Supervisory Board of CA Immo have decided to start evaluating all strategic options for the core market of Romania, including a potential sale of the entire portfolio. The company published its interim results for Q1-Q3 2021.
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News - GTC continues transition to unsecured debt
16
Nov
2021

GTC continues transition to unsecured debt

by Property Forum
The results after the first three quarters of 2021 are showing an upward trend with all the main parameters above the comparable for 2020. GTC published its Q1-Q3 2021 results.
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News - EPP set to meet the challenges of e-commerce
09
Mar
2018

EPP set to meet the challenges of e-commerce

by Import Sys
EPP published its financial results for the full-year of 2017. During the period, the distributable income was at €76.6 million, exceeding the forecasts. At the same time, the company kept building its strong presence in Poland’s key cities, while EPP-owned properties enjoyed growing footfall and increasing sales. The value of asset portfolio rose by 29%, to €1.95 billion.
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Latest news


New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.

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