• X
  • facebook
  • youtube

Search

Narrow search results
Format:
Keyword Search
Search results 6901-6910 / 10757
sort:
relevance
latest
3MB
GERMANY €2,607 m HUNGARY €656 m SLOVAKIA €113 m POLAND €1,537 m CZECH REPUBLIC €4,275 m OFFICE RETAIL RESIDENTIAL HOTELS & RESORTS Property portfolio value per segment: Primary locations Primary locations represent 88% of CPIPG assets by value 16 2:30 3:30 1:05 1:20 1:20 1:30 Brno 2:00 1:10 1:10 WARSAW BERLIN PRAGUE Bratislava BUDAPEST Flight time (hrs) Drive time (hrs) CPI Property Group Management Report | 2020 Strong reponse to COVID-19 CPIPG has the flexibility and strength to continue investing and is powered by a strong base of properties and people. CPIPG entered the pandemic in a favourable position–significant scale and diversification across strong markets with experienced local teams and a solid liquidity position. In 2019, CPIPG achieved new records in terms of portfolio scale and income generation, supported by robust core markets and a strong balance sheet....
8MB
CPIPG took rapid actions at the outset of the pandemic CPIPG’s local teams intensified their daily contact with our tenants. As the pandemic unfolded, our tenants faced lockdowns, retail store closures and new hygiene measures. In response, CPIPG’s asset and property management teams delivered real-time solutions and support. We participated in local interest groups, such as the Association of Shopping Centres in the Czech Republic, to reflect our tenants’needs and concerns to local governments. Finally, our teams worked with tenants to access government support and address any temporary discounts and lease extensions. The Group cut costs and preserved cash. Spending was reduced across the Group as we cut headcount, payroll and administrative costs. As a result of these measures, administrative expenses in 2020 (which include the temporary impact of severance costs) were reduced by 11% compared to 2019, while property operating expenses declined by 15%. Acquisitions ...
3MB
OFFICE SEGMENT | BERLIN photos: GSG Berlin©CHL Significant upside potential in GSG’s rents The continued structural supply/demand imbalance in Berlin has consistently driven average rents higher across the city in recent years, even as growth has decelerated slightly in 2020. GSG’s average rents increased by 12.1% compared to 2019, rising to€8.61 per m²(versus€7.69 per m²). According to management analysis in consultation with external advisors, GSG’s average rents are still well below the Berlin market average. Savills recent analysis in 2020 suggests that average rents for the portfolio could potentially be€14/m², in contrast to the current overall market average rent of€28/m²and the average rent for the portfolio of €8.6/m²at the end of 2020. Considering the quality of GSG’s portfolio, the Group is optimistic that rents can continue to rise toward the market ...
4MB
Budapest office market In the fourth quarter of 2020, 38,850 m²of new office space was delivered to the Budapest office market across four projects, bringing total modern office stock to 3,903,840 m²at the end of 2020, mainly consisting of Class A and B space. Market statistics for 2020 continued to reflect the economic changes triggered by the COVID-19 pandemic, as the demand volume lagged behind the norm of previous years and the number of transactions declined. In 2020, a significant drop was registered in occupier demand compared to 2019. Leasing activity slowed down, and net take-up only reached 182,600 m², while total leasing activity was 334,700 m²–approximately 50% below 2019. Net absorption in 2020 was only 63,800 m², which was also 50% of the 2019 volume. However, the year ended on a stronger footing as demand in Q4 (86,...
8MB
Czech residential summary in figures Czech residential 2020 Czech residential 2019 Region PP value (€million) Occupancy* (in %) No. of units No. of rented units PP value (€million) Occupancy* (in %) No. of units No. of rented units Prague 77 97.6% 461 450 72 98.9% 461 456 Ostrava region 180 88.7% 4,322 3,834 171 87.9% 4,322 3,798 Ústíregion 157 93.4% 4,988 4,660 139 89.2% 5,004 4,462 Liberec region 95 99.0% 2,018 1,997 86 98.5% 2,018 1,987 Central Bohemia 6 100.0% 77 77 5 100.0% 77 77 Total 515 92.9% 11,866 11,018 473 90.7% 11,882 10,780 * Occupancy based on rented units. CPI BYTY was a key source of stability and diversification for the Group in 2020. Petr Mácha, Director of CPI BYTY, Czech Republic 2017...
3MB
Strong liquidity (€million) Cash as at 31 December 2020 632 (+) RCF–fully undrawn 700 (+) Other undrawn lines 21 Total liquidity as at 31 December 2020 1,353 At the end of 2020, the Group had€1.35 billion of available liquidity between cash and undrawn revolving credit facilities. In November 2020, the Group successfully improved its liquidity position by signing a new€700 million revolving credit facility that expires in 2026, with ten international banks, replacing the€510 million three-year facility arranged in March 2019. Revolving credit facilities offer CPIPG significant flexibility to access cash quickly and at a low cost. The strong liquidity maintained by the Group at all times meant that even at the peak of the COVID-19 pandemic, the facility has remained undrawn. In addition, during 2020 CPIPG implemented a cash pooling facility that will enable more efficient management of the Group’s liquidity and ...
4MB
Financial Reporting, Internal Control and Risk Management The Company has organised our internal control environment by identifying the main risks to which we are exposed, determining the level of control over these risks, and strengthening the reliability of our financial reporting and communication processes. The Group’s overall approach to risk is conservative. There are inherent risks determined by the nature of our business, such as fluctuations in the value of assets, vacancies, volatility in market rents or risks associated with development activities. Key risks are assessed by ranking exposure on the basis of probability and magnitude and are closely managed. Analysis of sensitivity to these key risks is conducted at Group level. The Group’s management structure is designed to enable effective decision making. The periodic reviews of key performance indicators are conducted: tenants’turnovers, vacancies, rent collection, arrears and doubtful debtors, and review of performance against budgets and ...
10MB
Project name Type of asset Region Asset value as of 31.12.2020 (€m) Project cost (€m) Gross Lettable Area (GLA m2) Eligibility criteria Eligibility criteria met on this date Improvement (CO2 t pa) Signed amount (€m) Allocated amount (€m) Green Bond Impact Report Green buildings Level of certification Annual GHG emissions reduced/avoided (t CO2 eq pa) Annual energy savings (MWh pa) Annual reduction in water consumption (m3) Data available for past 2 years (yes/ N/A) Zlatý Anděl Mix-use Czech Republic 138.7 – 21,132 Acquisition 29 March 2017 – 143.300 143.300 BREEAM In-Use PART 1 Very good 466.0 486.0 -305.0 yes SC Nisa Shopping centre Czech Republic 101.5 – 49,629 Acquisition 29 March 2017 – 105.000 105.000 BREEAM In-Use PART 2 Very good 2,542.0 3,942.0 9,408.0 yes Eurocentrum – Alfa, BetaGamma, Delta Office ...
934KB
2021 Tokyo Stock Exchange, Inc. Total smart exchange Report from the Council for Recurrence Prevention Measures Tokyo Stock Exchange, Inc. March 25, 2021 ©2021 Tokyo Stock Exchange, Inc. 2 Contents Introduction 1. Outline of Responses 2. Development of Rules and Procedures for Trading Suspensions and Resumptions 3. Clarification of Standards and Procedures for Trading Resumption under Contingency Plan 4. Enhancement of Information Provision Closing Reference Material ©2021 Tokyo Stock Exchange, Inc. 3 Introduction ⚫On October 1, 2020, a failure occurred in the arrowhead cash equity trading system of Tokyo Stock Exchange, Inc. (TSE), whichmade it impossible to start trading and meant we were unable to provide opportunities for trading for the entire day. ⚫In response to this failure, TSE has implemented various measures, such as (i) system-based responses and comprehensive checks, including development of measures for switchover of hardware and conducting tests, and (ii) enhancement of procedures for failsafe...
177KB
Revisions to Nikkei-JPX Commodity Index Guidebook and Component Weight Ratio | Japan Exchange Group Mar. 31, 2021 OSETOCOM Revisions to Nikkei-JPX Commodity Index Guidebook and Component Weight Ratio Please be informed that Nikkei-JPX Commodity Index Guidebook and the component weight ratio, effective June 1, 2021, will be revised as follows. Nikkei-JPX Commodity Index Guidebook etc. Following the delisting of aluminum and cash-settled oil products, Nikkei-JPX Commodity Index Guidebook etc. effective June 1, 2021 will be revised as follows. Comparison Table of Old and New Provisions of Nikkei-JPX Commodity Index Guidebook Nikkei-JPX Commodity Index Guidebook effective June 1, 2021 Attachment 1 Attachment 2 Attachment 3 "Nikkei-JPX Leveraged Index", "Nikkei-JPX Inverse Index" Guidebook effective June 1, 2021 Component weight ratio of Nikkei-JPX Commodity Index Component weight ratios of Nikkei-JPX Commodity Index effective June 1, 2021 will be revised in accordance with ...
<<Prev687688689690691692693694695Next>>

S