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Articles - Financial results

Tallest office towers in Bucharest currently underperforming

Sky Tower and Tower Center, the tallest office towers in Bucharest, had last year only EUR 2.4 million total revenues, although normally the revenues from rents of the two projects should have reached approx. EUR 12 million annually, according to ZF estimations.

Colliers expects almost EUR 2 million from offices

Colliers International, one of the largest real estate agencies on the local market, with a turnover of EUR 3.5 million in 2013 according to data on Ministry of Finance website, targets by the end of this year to double its consultants and brokers team in the office department and to triple its revenues from this sector, according to Georgiana Andrei, who was recently appointed as office & retail agency director, basically number two in the firm.

Frederic Bellon: Auchan Romania to boost turnover in 2014 despite drop in first months

Auchan Romania estimates it will increase its turnover this year despite the fact that in the first months sales were below the level reported during the same period last year, said Frederic Bellon, the retailer’s recently appointed general director, according to Mediafax.

AFI Palace Cotroceni revenue up 6.7 percent, to EUR 7.3 mln

Shopping mall AFI Palace Cotroceni reported a net revenue increase of 6.7 percent in Q1 2014, up to EUR 7.3 million. The owners estimate that they will reach a figure of EUR 29 million at the end of the year, similar to their results last year.

NEPI, nearly 20 pct. higher profit in 1Q

The investment fund New Europe Property Investments (NEPI) registered a net profit of EUR 13.3 million in the first quarter of this year, with 18.6 pct growth compared to the same period of last year, according to a company’s report.

The revenues of the commercial centres in Romania could grow with 3.5 pct. in 2014

The revenues of the commercial centres in Romania could register an average growth of 3.5 pct. in 2014 on the background of the increasing consuming appetite of the Romanians, said on Wednesday Robert Maxim, managing partner Ensight Management Consulting, in a specialized conference.

Constructor Straco, EUR 140 million turnover, EUR 0.2 million profit

Bucharest’s constructor Straco Grup, controlled by the brothers Alexandru and Traian Horpos, ended last year with a turnover of 616.5 million lei (EUR 140 million), with 29% down compared to 2012.

Metav Bucureşti will give 5.8 million lei dividends this year

The shareholders of the real estate company Metav Bucureşti (METV), the company which manages the industrial park Metav Business Park near Baneasa airport, owned by the businessman Gabriel Popoviciu, have approved in the general assembly the proposal of the administration council regarding the distribution of dividends valuing 5.76 million lei from the 6.1 million lei profit registered last year.

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