PL

Colliers pleased with financial results

Investment & finance
Colliers International Group has announced operating and financial results for the quarter.

Revenues came to USD 692.3 mln, down 6 pct relative to the same quarter in the previous year. Adjusted EBITDA was USD 92.1 mln, up 9 pct. For the nine-month period revenues were USD 1.87 bln, down 12 pct.

Despite the far-reaching impact of the pandemic, Colliers delivered better than expected financial results for the third quarter with continued growth from recurring services. The results are a testament to the resilience of our global platform and differentiated business model that is diversified by geography, service and asset class
Jay S. Hennick, global chairman and CEO of Colliers International.

Latest news

Investment & finance

Poland Cavatina pleased with 2020 performance

schedule 15 January 2021
Opr./edited by AH

Cavatina has announced EUR 206.5 mln in completed transactions over 2020.

Investment & finance

Frito Lay sells Warsaw land

schedule 15 January 2021
Opr./edited by AH

Frito Lay Poland, a subsidiary of PepsiCo is selling 5,388 sqm of land and buildings held in perpetual usufruct at ul. Zamojskiego 24/26 in Warsaw.

Warehouse & industrial

Poland LPP starts work on new distribution centre

schedule 15 January 2021
Opr./edited by AH

LPP has started working on the construction of a 75,000 sqm distribution centre in the town of Brześć Kujawski (between Bydgoszcz and Łódź).

Warehouse & industrial

POLAND ELI launches Kraków V

schedule 15 January 2021
Opr./edited by NN

European Logistics Investment, with its partner Panattoni, is to develop Kraków V – an 18,300 sqm logistics complex in Skawina near Kraków.

Warehouse & industrial

POLAND Rhenus leases more in Mapletree Park Szczecin

schedule 15 January 2021
Opr./edited by NN

Rhenus Logistics has renewed its lease in Mapletree Park Szczecin and expanded the warehouse space it occupies there to 52,000 sqm.

Residential

POLAND Square enters the ring

schedule 15 January 2021
Opr./edited by NN

Square, a residential sector investor and advisor specialising in institutional rental projects, alternative assets and socially responsible investment, has been established. The Warsaw-based company will also soon be launching its first project.

Office & mixed-use development

POLAND Globalworth completes Podium Park B

schedule 14 January 2021
Nathan North
deputy editor

Podium Park B, the second stage of the three-building complex in Kraków, has been completed by Globalworth.

Retail & leisure

CZECH REPUBLIC M&S "temporarily" closes Czech stores

schedule 14 January 2021
Nathan North
deputy editor

UK supermarket chain is to close all of its Czech stores “temporarily” on January 15th due to the impact of Covid-19 and Brexit, according to the company.

Office & mixed-use development

POLAND MicroStrategy to move Polish HQ to Skyliner

schedule 13 January 2021
Nathan North
deputy editor

Virginia-based business intelligence giant MicroStrategy is moving its Polish headquarters to the Skyliner office building in Warsaw. The NASDAQ-listed company has leased 3,000 sqm on the first floor of the building, which is currently undergoing finishing work.

Investment & finance

CZECH REPUBLIC Albtatros swoops into Mayhouse

schedule 13 January 2021
Nathan North
deputy editor

Albatros Media, the biggest publishing house in the Czech Republic, is moving its headquarters to the Mayhouse office building in Prague 4.

Investment & finance

Romania One takes stake in Glass Rom

schedule 12 January 2021
Opr./edited by AH

Real estate developer One United Properties has taken a stake of over 20 pct in Glass Rom Impex, having purchased the shares from the owner of the company, Adrian Zamfir.

Office & mixed-use development

Bulgaria Three leases for GTC

schedule 12 January 2021
Opr./edited by AH

GTC has signed leases with IKEA and Bershka for space in the Mall of Sofia.

Office & mixed-use development

Poland LEO Pharma in Wave

schedule 12 January 2021
Opr./edited by AH

International pharmaceutical company LEO Pharma has leased 1,500 sqm on the tenth floor of Skanska's Wave building in Gdańsk.

Office & mixed-use development

ROMANIA Kromberg & Schubert leases 2,000 sqm in Vox Technology Park

schedule 12 January 2021
Nathan North
deputy editor

German wire harness supplier for the automotive industry Kromberg & Schubert has leased 2,000 sqm of office space in Vox Technology Park in Timișoara.

Warehouse & industrial

POLAND Panattoni smashes Polish leasing record in 2020

schedule 12 January 2021
Nathan North
deputy editor

Panattoni signed lease agreements for more than 2.1 mln sqm of warehousing space in 2020 – 800,000 sqm above the figure for the previous year.

Investment & finance

CENTRAL EUROPE Starwood poised to launch CA Immo takeover bid

schedule 11 January 2021
Nathan North
deputy editor

US financial investor Starwood intends to launch an anticipatory mandatory takeover offer for all CA Immo shares and convertible bonds not yet held by the company.

Infrastructure

HUNGARY Strabag consortium wins EUR 246 mln M6 contract

schedule 11 January 2021
Nathan North
deputy editor

A consortium led by the Hungarian subsidiary of Strabag has been awarded a HUF 90.45 bln (EUR 245.58 mln) contract to complete the M6 motorway to the Croatian border.

Office & mixed-use development

Diligent comes to Budapest

schedule 10 January 2021
Opr./edited by AH

IT company Diligent Corporation is to open its Center for Global Product Innovation in Horizon Development’s Szervita Square Building in Budapest.

Investment & finance

Ronson buys Warsaw land

schedule 10 January 2021
Opr./edited by AH

Ronson Development signed has acquired 2,715 sqm on ul. Studzienna in Warsaw for PLN 13.5 mln net.

Residential

Poland UDI starts work in Warsaw

schedule 10 January 2021
Opr./edited by AH

Czech developer UDI has started the construction phase of its first residential development in Warsaw.

Latest in Investment & finance

schedule 15 January 2021

Cavatina pleased with 2020 performance

Cavatina has announced EUR 206.5 mln in completed transactions over 2020.

schedule 15 January 2021

Frito Lay sells Warsaw land

Frito Lay Poland, a subsidiary of PepsiCo is selling 5,388 sqm of land and buildings held in perpetual usufruct at ul. Zamojskiego 24/26 in Warsaw.

schedule 13 January 2021

Albtatros swoops into Mayhouse

Albatros Media, the biggest publishing house in the Czech Republic, is moving its headquarters to the Mayhouse office building in Prague 4.

schedule 12 January 2021

One takes stake in Glass Rom

Real estate developer One United Properties has taken a stake of over 20 pct in Glass Rom Impex, having purchased the shares from the owner of the company, Adrian Zamfir.

schedule 11 January 2021

Starwood poised to launch CA Immo takeover bid

US financial investor Starwood intends to launch an anticipatory mandatory takeover offer for all CA Immo shares and convertible bonds not yet held by the company.

schedule 10 January 2021

Ronson buys Warsaw land

Ronson Development signed has acquired 2,715 sqm on ul. Studzienna in Warsaw for PLN 13.5 mln net.

schedule 09 January 2021

Avison Young teams up with Limehouse to enter Hungary

Avison Young has announced a strategic affiliation with real estate advisory and asset management group Limehouse, which will now run its advisory services in Hungary under the Avison Young brand.

schedule 04 January 2021

Yareal sells two Lixa buildings to Koreans

Yareal has finalised the sale of the first phase the Lixa office complex in central Warsaw for an undisclosed sum to Hana Investment, a South Korean consortium represented by Commerz Real.

schedule 31 December 2020

GTC coping with portfolio value slide

The value of Globe Trade Centre’s real estate portfolio is expected by the group to have decreased by app. EUR 74 mln in the three-month period ending December 31st, 2020 – a decline of 3.4 pct on the appraised value of EUR 2.161 bln at the end of September.

schedule 28 December 2020

Poland and Romania weather the storm

The real estate investment volume for 2020 in the main CEE countries is expected to reach EUR 9.4 bln, a third down on last year’s figure, according to Cushman & Wakefield.

schedule 22 December 2020

GalCap picks up Koszykowa 54

Viennese real estate investor Galleon Capital Management (GalCap) has acquired the Koszykowa 54 office building in central Warsaw from the UBS Real Estate Kapitalanlagegesellschaft fund for an undisclosed sum.

schedule 22 December 2020

Churchill Square sold in largest office deal of 2020

Penta Real Estate has sold the Churchill Square office complex in Prague to a joint venture between Českomoravská Nemovitostní (ČMN) and Middle Eastern investor Corporate Finance House Group (CFH) for more than CZK 4 bln (app. EUR 152 mln).

schedule 17 December 2020

MIRA invests over EUR 300 mln in 2020

MIRA Real Estate, which includes the former GLL Real Estate Partners, has continued to expand its presence in logistics real estate with more than EUR 300 mln in European transactions agreed over 2020.

schedule 17 December 2020

Aareal refinances two CTP parks

Aareal Bank has arranged and underwritten the EUR 403.5 mln refinancing of two logistics and industrial parks in the Czech Republic on behalf of CTP.

schedule 17 December 2020

Lords sells Vilnius SEB HQ to Luxembourg fund

Closed-ended real estate investment fund Lords LB Special Fund II has sold SEB Bank’s headquarter building in Vilnius to DEREIF SICAV FIS, which is managed by Luxembourgish asset and investment specialist REInvest Asset Management.

schedule 16 December 2020

Warehouses stay top of the investment charts

This year’s total commercial property investment volume in Poland is likely to be around EUR 5.5 bln, a 30 pct decrease year-on-year, according to the latest figures from Savills.

schedule 15 December 2020

EIB supports Poland in battle with Covid

The Polish Development Fund (Polski Fundusz Rozwoju - PFR) has issued debt securities with a nominal value of PLN 500 mln, which have been fully subscribed by the European Investment Bank (EIB).

schedule 15 December 2020

Office market in the doldrums

The first three quarters of 2020 across the CEE saw a 37.5 pct decrease in overall office investment volumes compared to the same period of 2019, according to figures published by Colliers International.

schedule 14 December 2020

S Immo to buy Campus 6 second stage

Austrian-based real estate company S Immo is to acquire the Campus 6.2 and 6.3 office buildings in Bucharest from Skanska for an undisclosed sum.

schedule 14 December 2020

AFI buys T-Mobile Office Park for EUR 100 mln

AFI Properties has signed an agreement to acquire T-Mobile Office Park in Warsaw for around EUR 100 mln.

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