ARTICLES LABELLED WITH TAG profit

News Immofinanz reports negative net profit for 2023
28
Mar
2024

Immofinanz reports negative net profit for 2023

by Property Forum
Immofinanz Group generated strong growth in rental income during the 2023 financial year. This development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. However, due to revaluation effects, the company recorded a decline in net profit to €-229.5 million in 2023.
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News Leading lender expects significantly higher result for 2024
07
Mar
2024

Leading lender expects significantly higher result for 2024

by Property Forum
Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate finance, expects its results for the current financial year to be significantly higher than in 2023. 
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News Immofinanz’s net profit reaches €163 million in H1 2022
25
Aug
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
24
Aug
2022

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

  • Australian technology company Atlassian has relocated to the Officyna office building in Gdańsk, Poland. The office of more than 1,600 sqm is located in Building B of the complex.
  • The Riviera Centrum in Gdynia has enriched its offer with new flagship stores of Adidas and 4F brands. The 4F store took up a 600 sqm space. The new Adidas brand outlet moved into a 400 sqm unit.
  • Gemini Park Tarnów (southern Poland) is strengthening its offer with a new lifestyle clothing and footwear brand. The JD Sports store, with an area of over 400 sqm, will open to customers later this spring.

New appointments

  • Paweł Dobrowolski takes over as head of the office department at CBRE Poland, replacing Łukasz Kałędkiewicz. Alexander Hofmann becomes the new head of the Warsaw office tenant representation team.
  • Cushman & Wakefield has expanded its valuation team with the appointment of Marcin Malmon as Head of Valuation & Advisory and Monika Leszczyk, Deputy Head of Valuation & Advisory, as Head of Business Development.
  • The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.

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