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Articles - Rezultate financiare

CA Immo revenue slightly down in 2013

Austrian group CA Immo, one of the biggest office developers in Bucharest and owner of the biggest logistic park near the Romanian capital, collected rent worth EUR 30.4 million last year, a small drop compared to 2012 (EUR 30.6 million), according to the financial report released the company.

Militari Shopping Center value depreciated with EUR 6 million

The net revenues of Atrium European Real Estate from the renting of the commercial centre Militari Shopping Center have stagnated last year to EUR 6.4 million, the project being reevaluated down with nearly 8% compared to the end of 2012.

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

Strabag business 13 pct. down, to EUR 322 million

„The construction market will be better this year compared to 2013.“

Argo’s Romanian centers drop in value

The shopping centers owned by the UK-based Argo Real Estate Opportunities Fund were assessed at €330m at the end of 2013, down by about €7m from the previous year.

AFI Cotroceni sales exceeded EUR 200 million in 2013

Official numbers show 5-6% growth f the retail market last year and the results are also present in Afi’s case. The results of the mall will reflect the situation in the retail market, said Israel Vizel, manager mall division AFI Europe.

The 7 real estate `tycoons` cashed EUR 315 million from rents

Romanian businessmen Iulian Dascălu (Iulius Group), Liviu Tudor (Genesis Development), Gabriel Popoviciu and Radu Dimofte (shareholders of Băneasa project), together with the foreign groups NEPI, Immofinanz, AFI Europe and CA Immo, are the true real estate „tycoons” of Romania, considering this investors had last year total revenues of nearly EUR 315 millions from the rents of the malls and office buildings in their portfolios.

Bancpost finances with EUR 17 million the reconversion of City Mall to offices

Bancpost finances with approx. 17 million the reconversion works of the commercial centre City Mall to office building, according to the report of the investment fund Globalworth, controlled by the businessman Ioannis Papalekas, the owner of the building.

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