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Articles - Financial results

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.

Iulian Dascalu had almost EUR 65 mln income from Iulius malls and Palas Iasi complex

The four commercial centres branded Iulius Mall and Palas Iasi complex, owned by the businessman Iulian Dascalu, had a total turnover of EUR 64.56 million last year, with 16% growth compared to 2012, according to data released by Iulius Group, Mediafax writes.

NEPI’s shareholders, 73.5 pct. income growth

South Africa’s investment fund New Europe Property Investments (NEPI) reported for last year a profit for its shareholders of EUR 57.46 million, 73.5% bigger than the profit registered last year, EUR 33.1 million.

EUR 5 million turnover in 2013 for insolvent complex Ibiza Sol

Residential complex Ibiza Sol in Pipera, in insolvency since 2011, had in 2013 total revenues of 4,897,923 Euros.

Novo Park and West Gate produce €33m in revenues in 2013

Liviu Tudor, owner of the office complex West Gate and Novo Park amassed revenues of €33m in 2013.

H&M passes the EUR 100 mln sales mark in Romania

The H&M Group’s sales including VAT increased in local currencies by 9 percent during the financial year. Sales in comparable units were unchanged. Converted into SEK, sales excluding VAT amounted to SEK 128,562 m (120,799), an increase of 6 percent.

Impact estimates business growth for next two years

Impact (IMP) estimates for next year a turnover of approx. EUR 26 million, aiming to reach EUR 50 million / year by 2016, while its operational profit is estimated to EUR 1.6 million in 2014 and EUR 22.5 million in 2018.

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