The team of Arcona Capital, an independent manager of property funds and asset manager of entrusted assets / properties in the markets of Central Europe, defended its previous year’s victory in the Dragon Boat Charity Race hosted by CBRE. The race was held on the Vltava river at the Císařská Louka area and the winning team managed to raise funds worth 15 th CZK for projects of the non-profit organizations Dobrý Anděl and Plan International, which help sick, at risk and disadvantaged children in the Czech Republic and abroad.
Arcona Property Fund N.V. delivered a 47% increase in net rental income over the first six months of 2017. Net rents received jumped to € 2.29 million from € 1.55 million in the equivalent period in 2016. The result after tax was € 2.2 million compared to € 119,000 the year before. The operational result improved from € 230,000 to € 852,000 over the equivalent period.
Following its acquisition of 11 neighborhood shopping centres at the start of this year, Arcona Capital is accelerating its acquisition programme in Poland. In July the Arcona Property Fund acquired the Maris Office Centre in Szczecin from Bywater Properties for ca. € 8.9 million. This six-storey office building was built in 2006 and has a leaseable area of 5,455 m² and 119 underground parking spaces. The building is located in the city centre and is leased to 11 tenants, including Intive, Mobica and Prudential.
At the beginning of April this year, after the extension of the lease agreement and the enlargement and thorough modernization of the area, the Biedronka store was reopened in Skwer Handlowy in Gdańsk at Krzemowa 1 St. The facility, owned by one of the funds managed by Arcona Capital, has also extended a number of other lease agreements, with Plastuś’ paper and toy shop offering eco-products, the health food brand DMG and Cymes bakery.
Arcona Property Fund reported a first-quarter 2017 profit before tax of €1.438 million. Adjusted for valuation gains and one-off costs, the pre-tax profit for the January-March quarter was €424,000. Gross rental income rose to €1.976 million for the period.
Arcona chosen as a semi-finalist in the category “Rising Star Award”
Arcona Capital, the real estate fund management company, has employed Magdalena Ćmikiewicz as a new asset manager.
Michael Odvárko appointed Managing Director of Hostín Development
Arcona Capital, acting on behalf of the Jersey-based Belgravia European Fund, has successfully completed the sale of the Fund’s residual industrial development site located in Chomutov, northern Bohemia, to VGP Group.
Prague, 23rd January 2017: Arcona Capital, a leading independent manager of property funds in the markets of Central Europe, has been shortlisted for the “Investor of the Year” category in EuropaProperty’s 9th annual CEE Retail Real Estate Awards.
Arcona Capital has entered into a long-term lease agreement with Knorr-Bremse Group to lease a total of 2,700 square meters of office space in the administrative building in the city centre of Liberec. The building will then be fully occupied.
Arcona Property Fund N.V. (Property Fund) has completed a good third quarter. The occupancy rate of the property portfolio increased to 79.5% compared to the second quarter of
Arcona Property Fund N.V. (the Fund), an investment fund that invests in commercial property across Central Europe, has set out new growth targets following its acquisition of a retail property portfolio in Poland.
Staff of Arcona Capital participated in two Prague sporting events during September and contributed a total of 42,000 Czech Crowns to various charitable projects.
New agreement secures intive as a long-term tenant in the Maris Office Centre, a prime city-centre property managed by Arcona Capital and owned by Bywater Properties.
Arcona Capital has signed an agreement with Steenwell Beheer/AE Beheer to take over the management of ten commercial real estate investment funds holding assets in the Netherlands.
Drawdown of debt funding from Unicredit for the first construction phase of the 65 ha. Uvaly/Hostin residential development project east of Prague. With completion due in Autumn 2016, 50% of the apartments of the first phase have been pre-sold. www.bydleniuvaly.cz
Acquisition of eight hypermarkets and four associated retail parks in Czech Republic in a € 100 million deal on behalf of Czech private clients