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Economy & Financial

EPH issues profit warning

EPH European Property Holdings to announce that the company expects a loss between €155 – 165 million for the year 2023, compared to a profit of €7 million for the same period a year earlier. A significant part of this loss is attributed to non-cash accounting adjustments.
Monday, 8. April 2024

Orchard Street appoints Kathryn Barber as Head of Responsibility & ESG

Orchard Street announces the appointment of Kathryn Barber as Head of Responsibility and ESG. She will be integral to building on Orchard Street’s strong credentials as a responsible investor and will support the business in delivering measurable social and environmental impact on behalf of its inaugural Impact Fund, Orchard ...
Monday, 8. April 2024

Scottish commercial property investment bounces back in Q1

Investment in Scotland’s commercial property market saw a significant rebound during the first quarter of 2024, as inflation began to come under control and a cut to interest rates looked more likely, according to analysis from Knight Frank.
Monday, 8. April 2024

CTP reaches 4 million sqm milestone in Czechia

CTP has reached another milestone in 2023, increasing its total lettable area in Czech Republic to over 4 million sqm. With a 27% share of the Czech market, it remains the largest player in the industrial real estate sector. Occupancy across CTParks remains high at 97%, confirming the continued demand for modern and energy ef...
Friday, 5. April 2024

Summus plans new bond issue

Summus Capital is preparing to issue new bonds. Subject to market conditions bonds are to be issued in the 2nd quarter of 2024 through a private placement with an issue size of up to 15 million euros. New funding is expected to be used for refinancing existing bond obligations and to support business growth.
Thursday, 4. April 2024

Karimpol appoints Michał Orłowski as Director

Karimpol Polska appoints Michał Orłowski as Director, Head of Leasing and Asset Management. The new Director has taken his position as of April 2024, replacing Jarosław Prawicki, who played an important role in the company's development and success for over six years.
Thursday, 4. April 2024

DM Hall appoints its first Energy Services Manager

DM Hall has appointed Billy Thomson as its inaugural Energy Services Manager. In this newly created role, Thomson will spearhead DM Hall's initiatives in energy efficiency and sustainability across its portfolio.
Thursday, 4. April 2024

Vonovia issues 850 million social bond

Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
Thursday, 4. April 2024

Segro appoints regional head to lead Thames Valley and Heathrow teams

Segro has appointed Anna Bond as Head of Western Corridor, responsible for the overall leadership of the company’s development and asset management activities across the Thames Valley, including the Slough Trading Estate, as well as the Heathrow Airport and the M4 corridor portfolio. This region has £5.3bn of assets under man...
Thursday, 4. April 2024

Reef appoints Ardmore to deliver final phase of Tribeca

Reef Group has appointed Ardmore to deliver the final phase of Tribeca, London's largest purpose-built life science campus, in the King's Cross Knowledge Quarter. Tribeca is London's largest purpose-built life sciences campus, featuring high-quality workspace, state-of-the-art laboratories, homes, shops and restaurants, as we...
Wednesday, 3. April 2024

Catella completes repurchase of warrants

At the Extraordinary General Meeting of Catella AB held on 20 March 2024, it was resolved that Catella would make a conditional offer to repurchase warrants of series 2020/2024:A and series 2020/2025:B issued under Catella's long-term incentive programme. 2,450,000 warrants have now been repurchased.
Wednesday, 3. April 2024

Top three UK mortgage lenders invest in Coadjute

Lloyds Banking Group, Nationwide, NatWest, and Rightmove have started a strategic investment in Coadjute, the London-based property technology business. This is the first time that the UK's three largest mortgage providers have come together to fund a PropTech.
Wednesday, 3. April 2024