PL

Europe CA Immo on a roll

Investment & finance
In its preliminary results for 2020, CA Immo is expecting a property valuation effect of around EUR 205 mln (EUR 2.07 per share) for the fourth quarter of 2020.

This increase will more than compensate for the valuation loss of EUR 21.5 mln (EUR 0.22 per share) booked in the first three quarters. Overall, a property valuation of around EUR 180 mln (EUR 1.82 per share) is expected for the 2020 financial year, which compares with the previous year's reference figure of EUR 463 mln. The value of the real estate portfolio should come to around EUR 5.6 bln as of December 31st 2020.

The recurring earnings annual target for 2020 (FFO I) of over EUR 126 mln will be significantly exceeded and should reach the 2019 level of around EUR 133 mln.

The final full-year results will be published on March 24th 2021.

Latest news

Events

POLAND Complete the survey and win some fantastic prizes!

schedule 24 March 2021
Eurobuild Conferences

We invite all cyclists, both regular bikers and those who only cycle occasionally, to fill in our questionnaire and share their comments and opinions on cycling to work.

Events

POLAND REdefinition, REduction and REnegotiation in the office sector

schedule 15 April 2021
Eurobuild Conferences

Despite the switch to remote working, office buildings have not become a thing of the past, although their function has been REdefined – offices are now places for meetings and creative teamwork. The REduction of occupied space and the REnegotiation of lease agreements have also become commonplace. In a week’s time, at Eurobuild’s 7th INVESTED INTEREST Investment Market Conference, we will discuss the new reality facing the office investment market.

Construction

Poland Skysawa tunnel complete

schedule 15 April 2021

General contractor Porr has completed the construction work on the tunnel connecting the Skysawa mixed-use complex in Warsaw and the Rondo ONZ metro station.

Warehouse & industrial

Inpost takes another 75,000 sqm from Panattoni

schedule 15 April 2021

Panattoni has leased out 75,500 sqm to courier company InPost in eight locations.

Human resources

CEE region Cushman & Wakefield now all shook-up

schedule 15 April 2021

Cushman & Wakefield has reorganised its CEE leadership by creating eight new senior positions.

Office & mixed-use development

HUNGARY Immofinanz signs 21,000 sqm of Budapest contracts

schedule 15 April 2021
Nathan North
deputy editor

Immofinanz has secured new leases and extensions for almost 21,000 sqm of its Hungarian office portfolio so far this year. All the properties are situated in Budapest.

Residential

CZECH REPUBLIC Heimstaden to invest EUR 58 mln in Czech portfolio

schedule 15 April 2021
Nathan North
deputy editor

Swedish rental housing specialist Heimstaden has announced that it plans to invest CZK 1.5 bln (app. EUR 58 mln) in its Czech portfolio this year.

Investment & finance

CEE REGION CPI launches Globalworth takeover

schedule 14 April 2021
Nathan North
deputy editor

Czech real estate investor CPI Property Group as formed a joint venture consortium with German counterpart and fellow Globalworth shareholder Aroundtown to buy the entire share capital of Globalworth.

Warehouse & industrial

Poland Kingfisher moves in near the Airport

schedule 14 April 2021

Kingfisher, the owner of the Castorama DIY chain in Poland, has leased space in the 7R City Flex Warsaw Airport logistics centre in Warsaw.

Office & mixed-use development

Poland First level of Wave full

schedule 14 April 2021

The ground floor of Skanska’s Wave office building in Gdansk has been fully leased.

Office & mixed-use development

Serbia N3 in Green Heart takes Gold

schedule 14 April 2021

GTC's N3 building in the Green Heart complex has been awarded a LEED Gold certificate. 

Office & mixed-use development

Poland Varso gets Well

schedule 14 April 2021

HB Reavis’ Varso Place in Warsaw has been awarded a WELL health-safety rating

Events

POLAND I want to break free

schedule 14 April 2021
Eurobuild Conferences

The first transactions of the year are now behind us. In the present circumstances, it seems from the scale and volume of these transactions in first quarter that perhaps we have little to worry about. But are all the signs really pointing to another successful year? The experts will discuss this and the future of the real estate investment sector at Eurobuild’s 7th Invested Interest Investment Market Conference on April 22nd.

Property and Facility Management

CEE REGION B+N Referencia buys CEE business of ISS

schedule 14 April 2021
Nathan North
deputy editor

Hungarian company B+N Referencia has acquired Danish facility manager ISS Group’s operations in the CEE region for an undisclosed sum.

Investment & finance

CENTRAL EUROPE MLP loaned EUR 73.4 mln from BNP and PKO

schedule 14 April 2021
Nathan North
deputy editor

Subsidiaries of Polish industrial developer MLP Group have secured EUR 73.4 mln of financing for its portfolio from a consortium of Bank BNP Paribas and PKO Bank Polski.

Warehouse & industrial

POLAND Adara opts for ‘city’ and ‘flex’ with 7R

schedule 14 April 2021
Opr./edited by NN

Cosmetics and pharmaceutical ingredients supplier Adara has leased 800 sqm of warehouse and office space in 7R City Flex Warsaw Airport I.

Warehouse & industrial

CZECH REPUBLIC Work begins on VGP Park České Budějovice

schedule 14 April 2021
Opr./edited by NN

VGP has launched construction work on a new technological park near České Budějovice in South Bohemia.

Residential

Echo Investment moves into education

schedule 13 April 2021

Echo Investment has presented its concept for a primary school for 300 pupils in Warsaw’s Służewiec district.

Retail & leisure

Poland Trei busy building Vendo Parks

schedule 13 April 2021

Trei Real Estate Polska is currently constructing six Vendo Park retail parks with a combined area of 26,000 sqm.

Green projects

Poland NoVa stays green

schedule 13 April 2021

The NoVa Park centre in Gorzów Wielkopolski has been awarded BREEAM-In-Use for the eighth time.

Latest in Investment & finance

schedule 14 April 2021

CPI launches Globalworth takeover

Czech real estate investor CPI Property Group as formed a joint venture consortium with German counterpart and fellow Globalworth shareholder Aroundtown to buy the entire share capital of Globalworth.

schedule 14 April 2021

MLP loaned EUR 73.4 mln from BNP and PKO

Subsidiaries of Polish industrial developer MLP Group have secured EUR 73.4 mln of financing for its portfolio from a consortium of Bank BNP Paribas and PKO Bank Polski.

schedule 13 April 2021

AFI buys Prague office park from Tristan

AFI Europe has signed an agreement to acquire Avenir Business Park in Nové Butovice (Prague 5) from UK investor Tristan Capital Partners for EUR 66.5 mln.

schedule 08 April 2021

Hungarian investor buys four Warsaw office buildings

Immofinanz has sold four office buildings in Warsaw with a total leasable area of around 45,000 sqm to Hungarian investment manager Indotek Group for EUR 72.5 mln.

schedule 08 April 2021

S Immo rebuffs Immofinanz over cancelled AGM

S Immo has rejected a request from rival Austrian real estate company Immofinanz (which intends to make a takeover bid for S Immo) not to postpone its AGM, originally scheduled for April 30th 2021.

schedule 08 April 2021

Mitiska refinances retail park portfolio

Mitiska REIM has secured a EUR 123 mln senior debt facility from Erste Group Bank for its entire retail park portfolio in Romania.

schedule 08 April 2021

InPost seals Mondial Relay takeover

Polish courier company InPost has announced it has entered into a binding share purchase agreement for the acquisition of 100 pct of the share capital and voting rights of French rival Mondial Relay.

schedule 08 April 2021

Immofinanz insists on S Immo shareholder meeting

Immofinanz has requested that S Immo convenes an extraordinary shareholders’ meeting, at which the shareholders are to resolve an amendment to the latter company’s articles of association to cancel its maximum voting right as a condition to allow Immofinanz’s takeover offer for the company to go ahead.

schedule 08 April 2021

Defamation lawsuit against CPI thrown out

The New York State Court has dismissed a defamation lawsuit against CPI Property Group related to its 2013/14 acquisition of Orco Property Group.

schedule 08 April 2021

ASLI buys Panattoni Łódź City VIII for EUR 28 mln

UK investor Aberdeen Standard European Logistics Income PLC (ASLI) has signed an agreement for the acquisition of the Panattoni Łódź City VIII logistics park for EUR 28 mln.

schedule 07 April 2021

MBank to sell Kraków building

mBank is to auction a 2,150 sqm office and service building at ul. Augustiańska in Kraków.

schedule 06 April 2021

S Immo delays AGM to consider Immofinanz takeover

The management board and the supervisory board of S Immo have decided to postpone the 32nd annual general meeting of the company due to the imminent takeover bid by rival Austrian real estate company Immofinanz.

schedule 02 April 2021

Pecik stays on as Immofinanz CEO

The resignation of Ronny Pecik as the CEO and member of the executive board of Immofinanz and the sale of his stake in the company has not taken place by the March 31st deadline set for the deal to go through.

schedule 02 April 2021

EQT seals USD 1.87 bln takeover of Exeter

Swedish fund manager EQT has completed its acquisition of US real estate investment manager Exeter Property Group, following the acceptance of all necessary closing conditions, including regulatory, anti-trust and fund investor clearances.

schedule 02 April 2021

Eften acquires three properties in sale and leaseback

EfTEN Real Estate Fund 4 has acquired a complex of 3 commercial properties in Vilniusfrom Arginta Group, in a sale and leaseback transaction.

schedule 02 April 2021

Henley buys Poznań shopping centre

London-based Henley Investments has entered the Polish market with the acquisition of Galeria Pestka in Poznań from Union Investment for an undisclosed sum.

schedule 01 April 2021

Strong sales for Echo

In 2020, Echo Investment recorded a profit of PLN 122 mln, resulting from the handover of 1,505 apartments, the rising value of its commercial developments and its Resi4Rent PRS projects.

schedule 30 March 2021

MAN Centre sold to French fund

The MAN Truck & Bus Center in Małopole outside Warsaw has been sold for an undisclosed sum by industrial developer 7R to the Interpierre Europe Centrale fund, which is managed by Paris-based PAREF Gestion, part of investment and asset management company PAREF Group.

schedule 29 March 2021

Immofinanz ups S Immo bid

Immofinanz has raised its offer price to EUR 22.25 per share in its takeover bid for rival Austrian real estate investor S Immo.

schedule 26 March 2021

CTP floats in Amsterdam

Czech industrial developer CTP has listed on the Euronext Amsterdam stock exchange, issuing 397,017,000 shares priced at EUR 14 per share. This implies a market capitalisation for the company of EUR 5.6 bln.

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