GTC, one of the largest real estate developers in Central and Eastern Europe, reported revenues from leases of 124 million euros in the first nine months of 2021, up from 122 million euros in the same period last year. The gross margin from the rental activity is also on an upward curve, reaching 93 million euros, compared to 91 million euros, as recorded in the first three quarters of 2020.
One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, posts a record turnover of 627.7 million lei in the first nine months of 2021, an 87% increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s history, the gross profit for nine months surged to 239.3 million lei, a 186% year-on-year increase.
One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use, and office real estate in Romania, posts a record turnover of 434 million lei in the first six months of 2021, a 96% increase compared to the same period of 2020.
Globalworth, the leading office investor in Central and Eastern Europe, has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s clear strategic approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value which remained effectively unchanged at €3.0 billion.
One United Properties announces the prepayment of EUR 20 million bonds with a 4-year maturity, acquired in total by a Polish investment fund which assets are managed by CVI Dom Maklerski (CVI) along with Noble Funds TFI, with approximately 10 months before maturity.
Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be the next 12 months’ priority for 37% of them, down from 58%, at the beginning of the pandemic. The ranked second priority is organic growth of business (up from 13% to 18%), followed by digitalization (11%), as work from home and internal process automation have become crucial in most of the fields.
The perception of the CFOs in Romania regarding the evolution of the main financial indicators of their companies has changed dramatically in only several months as a result of the COVID-19 pandemic, according to CFO Survey Romania, conducted by Deloitte in April-May 2020 based on opinions expressed by CFOs in our country.
Romania has surpassed the Czech Republic in Central and Eastern Europe as the number of companies present in the top 500 largest companies in the region, being the third country in the ranking, with 61 companies, after Poland and Hungary.
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