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Property Times: 2015 – a Record Year for the Office Market
PROPERTY TIMES 2015 – a record year for the office market Warsaw Office Q4 2015 The total office stock in Warsaw reached 4.66 million sq m at the end of Q4 February 2016 2015. Approximately 70% of existing office space is located outside of the city centre. The top subzones are Upper South (1.31 mn sq m) and Fringe (0.87 mn Contents sq m). Contents 1 Between January and December 2015 a total of 277,600 sq m of office space Macroeconomic background 2 was put into use, with 39,300 delivered in the last quarter. The supply for 2016 is estimated at 460,000 sq m of which over 60% still remain available to Supply 3 tenants. Take-up 3 Take-up for 2015 significantly exceeded the average values for previous years. Absorption 3 Net absorption also reached record levels, topping the average for the previous Vacancies 4 5 years (161,500 sq m) by over 120,000 sq m. Rents 4 As a result, vacancy rates in Warsaw fell as compared to the value for last year, Definitions 5 from 13.3% to 12.3% at the end of 2015. It is the second consecutive quarterly Standard lease terms 5 fall and the lowest level since Q1 2014. Prime asking rents in Warsaw city centre did not exceed EUR 24 per sq m per month (down by EUR 1 per sq m as compared to December 2014). In other districts they were in the range of EUR 13-16.5 per sq m per month, with the highest rates asked in buildings located near the Fringe subzone. -
Memorandum Informacyjne Cavatina Holding S.A. Z
MEMORANDUM INFORMACYJNE CAVATINA HOLDING S.A. Z SIEDZIBĄ W KRAKOWIE sporządzone w związku z Ofertą Publiczną 1.000 sztuk Obligacji na okaziciela serii BC o wartości nominalnej 10.000 złotych każda i cenie emisyjnej jednej Obligacji równej wartości nominalnej i wynoszącej 10.000 złotych Oferujący: Ventus Asset Management S.A. ul. Twarda 18 00-105 Warszawa WSTĘP Niniejsze Memorandum Informacyjne zostało przygotowane w związku z Ofertą Publiczną 1.000 (słownie: jeden tysiąc) sztuk obligacji na okaziciela serii BC o wartości nominalnej 10.000 zł (słownie: dziesięć tysięcy złotych) każda spółki Cavatina Holding S.A. z siedzibą w Krakowie, których łączna wartość nominalna i łączna wartość liczona według ceny emisyjnej wyniesie do 10.000.000 zł (słownie: dziesięć milionów złotych). Oferowanie Obligacji serii BC odbywa się wyłącznie na warunkach i zgodnie z zasadami określonymi w niniejszym Memorandum. Niniejsze Memorandum jest jedynym prawnie wiążącym dokumentem zawierającym informacje o Obligacjach serii BC, ich ofercie i Emitencie. 1. EMITENT Firma pełna: Cavatina Holding Spółka Akcyjna Firma skrócona: Cavatina Holding S.A. Forma prawna: spółka akcyjna Kraj siedziby: Polska Siedziba: Kraków Adres: 30-552 Kraków, ul. Wielicka 28 Telefon: +48 33 333 91 10 Fax: brak Poczta elektroniczna: [email protected] Strona internetowa: www.cavatina.pl Numer KRS: 0000690167 Sąd Rejestrowy: Sąd Rejonowy dla Krakowa Śródmieścia w Krakowie, XI Wydział Krajowego Rejestru Sądowego REGON: 368028192 NIP: 6793154645 2. LICZBA RODZAJ, JEDNOSTKOWA WARTOŚĆ NOMINALNA I OZNACZENIE EMISJI PAPIERÓW WARTOŚCIOWYCH OFEROWANYCH W TRYBIE OFERTY PUBLICZNEJ Na podstawie niniejszego Memorandum oferuje się 1.000 obligacji na okaziciela serii BC o wartości nominalnej 10.000 zł każda. 3. PODMIOT UDZIELAJĄCY ZABEZPIECZENIA (GWARANTUJĄCY), ZE WSKAZANIEM ZABEZPIECZENIA W ramach emisji Obligacji nie istnieje podmiot udzielający zabezpieczenia (gwarantujący). -
The World's Leading Global M&A Partnership Since 1973
IMAP The world’s leading global M&A partnership since 1973 www.imap.com IMAP DEALBOOK 2017-2018 IMAP DEALBOOK 2017-2018 Contents FOREWORD 6 ABOUT IMAP 8 12 18 28 38 Automotive Building Business Consumer Products Services & Retail & Services 76 86 98 106 Healthcare Industrials Materials, Real Estate Chemicals & Mining 48 52 58 66 Education Energy Financial Food & & Training & Utilities Services Beverage 112 128 Technology Transport & Logistics Jurgis V Oniunas IMAP Chairman “We deliver, transaction after transaction, intimate industry-related knowledge, excellence in execution and the very best tailored M&A financial advice.” 7 Foreword There is little room for doubt that we are close deals across sectors and on a global living in unsteady times. World trade is under scale. Thanks to ongoing commitment, cross- pressure amid rising protectionism and the border collaboration and distinguished sector geopolitical system is going through tectonic expertise, IMAP continues to hold its position as shifts. Technological disruption, demographic one of the world’s leading global M&A advisories imbalances and immigration are also having an for the mid-market. We know our clients come impact. Moreover, there is a rising realization back to us because we deliver, transaction after that the business cycle may soon reverse transaction, intimate industry-related knowledge, into recession. And yet, at IMAP we remain excellence in execution and the very best positive about the promise of opportunity from tailored M&A financial advice. major advances in science, technology and medicine, changing the way we think about About 35% of IMAP deals are cross-border, many issues, from logistics to aging. -
Shopping in Office Buildings
Poland | Retail Market SHOPPING IN OFFICE BUILDINGS Q1 2018 Poland | Retail Market CONTENTS INTRODUCTION 3 THE WARSAW 4 OFFICE MARKET USERS’ 7 EXPECTATIONS RETAIL AND SERVICE 11 OUTLETS AMSTERDAM, FRANKFURT, 18 LONDON… Poland | Retail Market INTRODUCTION Warsaw’s office market has been developing rapidly since the 1990s – currently, almost 530,000 people work in approximately 500 modern office buildings in the city, spending often more than eight hours a day in them. What retail and service outlets, in terms of both size and quality, are provided to them by office buildings? Is it sufficient, especially given the highly competitive labour market in the capital? Is the list of commercial tenants in office buildings diversified? Which sectors, in addition to catering, are developing in these locations? And finally, is there any one ‘recipe’ for successful retail and services and does this function constitute added value in every case? Colliers International experts studied retail and service outlets in the capital’s office buildings in February and March 2018 and they looked at approximately 300 buildings (all that have commercial premises). We researched location by office zones, the number and size of units, tenants by sectors, vacancy and the level of rents and service fees. A survey, carried out on a sample of approximately 200 employees of Warsaw office buildings in March this year, is an integral part of our report. In the survey, we asked respondents about the quality of the existing retail and service outlets in their workplace and their expectations about them. The report also includes several examples of investments from Amsterdam, Frankfurt and London that show an innovative approach to complementary functions in office buildings, depending on their location. -
Revitalization and Modernization in Poland RAPORT: Rewitalizacje I Modernizacje W Polsce ǀ REPORT: Revitalization and Modernization in Poland 1
WERSJA PEŁNA FULL VERSION drugiezyciebudynkow.pl 3 EKSPERCI EXPERTS DEK LA RA CJA wzorcowej rewita liza cji DECLA RA TION of exempla ry revita liza tion REPORT DEVELOPMENT REPORT drugiezyciebudynkow.pl Marlena Kosiura Aneta Kłodaś Dorota Kaczyń ska Rewitalizacja i odnowa istniejącej historycznej oraz współczesnej zabudowy to proces wielowąt- Revitalization and restoration of an existing historical and contemporary development are a kowy. Pociąga za sobą ingerencję w otoczenie, miasto, ma też konsekwencje w ujęciu zrówno- multilayer process. It leads to an interference in the surrounding area, the city, yet it also results Real estate market expert, Managing director Bluevine Consulting / Real estate market expert ważonego budownictwa. W procesie tym uczestniczą nie tylko właściciele budynków oraz in a perception of sustainable construction. This process is participated not only by owners the Second Life of Buildings Initiative / the Second Life of Buildings Initiative [email protected] inwestorzy, ale także władze lokalne, architekci, jak również lokalna społeczność. of the facilities and investors, but also provincial governments, architects as well as the local OPRACOWANIE RAPORTU InwestycjewKurortach.pl [email protected] community. [email protected] Dzięki wspólnemu działaniu i poszanowaniu intencji oraz celów wszystkich stron rewitalizacja może odnieść sukces na każdym polu: od biznesowego, po zadowolenie i pożytki społeczne. Owing to joint efforts and respect for intentions and goals of all the parties involved, revital- ization may be successful at each and every feld, including business, satisfaction and social Dążąc do realizacji wzorcowych rewitalizacji wyrażamy poparcie dla głównych założeń, które benefts. powinny być spełnione w procesie nadawania budynkom drugiego życia. Striving for performance of exemplary revitalization, we express our support for key assump- tions, to be fulflled in the process of giving the buildings a second life. -
Baltic Top 50 2014
panoramaTHE COFACE ECONOMIC PUBLICATIONS July 2014 BALTIC TOP 50 2014 CONTENTS Coface is publishing its second edition of the Baltic Top 50. The companies are ranked based on their turnover in 2013. Figures for 2013 show the continuing recovery of the Baltic states. The / 02 Coface Baltic Top 50: Ranking and methodology total turnover of the top players in the North increased by 2.2% to EUR 36.2 billion. Whereas net profits fell from 2011 to 2012, companies have now reported a sharp rise of 54.6%. / 03 Country analysis and country ranking Top 3 largest companies in the Baltics / 07 Sector analysis and It is hard to beat the three top companies in the Baltics. With a sector ranking turnover of EUR 6.1 billion, the oil and gas giant Orlen Lietuva is again number 1, although it has some problems to contend with. Both Coface contacts second-placed Vilniaus Prekyba (EUR 3 billion) and the third-placed / 09 Maxima Grupe (EUR 2.5 billion) increased their turnover by around 6% and net profits by around 20%. Country Analysis Lithuania, already home to a majority of the top companies in 2012 (29), was able to further strengthen its leading position (+2). Unsurprisingly, the country also contributed the largest share in turnover (71.5% or almost EUR 26 billion, +2.7%). Although the Latvian economy still exhibits the highest GDP growth in 2013, its top players were not able to continue their double-digit growth rates from the previous year. In total, turnover by the eleven (-1 company) Latvian top companies decreased by 2.9%. -
Presentation of Q1 2021: Restart of Business 29 April 2021 Disclaimer
Presentation of Q1 2021: Restart of business 29 April 2021 Disclaimer This presentation has been prepared by the management of AB Novaturas, with its registered office at A. Mickevičiaus g. 27, LT-44245, Kaunas, Lithuania (the “Company” or “Novaturas”). This presentation does not constitute or form any part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Novaturas, nor shall it or any part thereof or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. The information and opinions contained herein are provided as at the date of this presentation and are subject to change without notice. Neither the Company nor its affiliates or advisers, representatives are under an obligation to correct, update or keep current the information contained in this presentation or to publicly announce the result of any revision to the information and opinions made herein. Furthermore, neither the delivery of this presentation nor any further discussions of the Company and/or its group with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. Neither this presentation nor any copy of it not the information contained in it may be taken or transmitted into the United States, United Kingdom, Canada, Australia or Japan or distributed, directly or indirectly, in the United States, United Kingdom, Canada, Australia or Japan -
Ab Novaturas Consolidated Interim Financial
AB NOVATURAS CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND CONSOLIDATED INTERIM REPORT for the six-month period ended 30 June 2021 (unaudited) AB Novaturas Consolidated Financial Statements and Interim Report for the Six-Month Period Ended 30 June 2021 Beginning of reporting period 1 January 2021 End of reporting period 30 June 2021 Business name Novaturas, AB (further – “Novaturas” or “the Company”) (The Company’s financial statements and activity ratios are presented consolidated with the results of subsidiaries; separate reports of the parent company are not presented.) Legal form Public limited company Registration date 16 December 1999 Registration number 135567698 LEI code 097900BGCW0000042109 Manager of register State Enterprise Centre of Registers Company address A. Mickevičiaus str. 27, LT-44245 Kaunas Telephone +370 37 321 264 Fax +370 37 321 130 Website www.novaturasgroup.com AB Novaturas Consolidated Financial Statements and Interim Report for the Six-Month Period Ended 30 June 2021 2 Table of Contents Management report ................................................................................................................................................................. 4 Main ratios ....................................................................................................................................................................... 6 Segment information ...................................................................................................................................................... -
Maxima Grupė, Uab
BASE PROSPECTUS MAXIMA GRUPĖ, UAB (incorporated in Lithuania as a private company with limited liability under registration number 301066547) €1,000,000,000 Euro Medium Term Note Programme Under the Euro Medium Term Note Programme described in this Base Prospectus (the "Programme"), Maxima Grupė, UAB (the "Issuer"), subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the "Notes"). The aggregate nominal amount of Notes outstanding will not at any time exceed €1,000,000,000 (or the equivalent in other currencies). This Base Prospectus has been approved by the Central Bank of Ireland as competent authority under Directive 2003/71/EC (as amended, the "Prospectus Directive"). The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and European Union ("EU") law pursuant to the Prospectus Directive. Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of Directive 2014/65/EU and/or which are to be offered to the public in any Member State of the European Economic Area. Application has been made to the Irish Stock Exchange Plc (trading as Euronext Dublin) ("Euronext Dublin") for Notes issued under the Programme during the period of 12 months from the date of this Base Prospectus to be admitted to the official list (the "Official List") and trading on its main securities market (the "Market"). This Base Prospectus constitutes a "Prospectus" for the purposes of the Prospectus Directive as implemented in Ireland by the Prospectus (Directive 2003/71/EC) Regulations 2005 (the "Prospectus Regulations"). -
Budynki Biurowe – Strategia Na Przyszłość
dr Bolesław Kołodziejczyk, Dyrektor Działu Badań Rynkowych i Doradztwa w Cresa Polska Budynki biurowe – strategia na przyszłość. Jak oczekiwania najemców i sytuacja rynkowa wpływają na jakość przestrzeni biurowej? Struktura wiekowa powierzchni biurowej w Polsce Rynek nowoczesnych powierzchni biurowych w Polsce rozwija się w dynamicznym tempie. Na początku 2010 r. mieliśmy w Polsce 4,9 mln mkw. powierzchni. Obecnie natomiast jest to już ok. 10 mln mkw., a w ciągu najbliższych kilku lat wartość ta może zwiększyć się o kolejne 30%. Mimo to na tle bardziej rozwiniętych rynków, zasoby biurowe w Polsce są relatywnie młode. W ciągu ostatnich 8 lat średni wiek jednego metra kwadratowego powierzchni w Polsce wzrósł o blisko 2,5 roku i wynosi obecnie około 9 lat. Najstarszym i jednocześnie największym rynkiem biurowym jest Warszawa, gdzie średni wiek powierzchni biurowej wynosi ok. 11 lat. Dla porównania powierzchnia biurowa klasy A w Hong Kongu liczy średnio 20 lat, a wiek budynków w krajach Europy Zachodniej oscyluje w przedziale 40 – 50 lat. Podobnie jest w Stanach Zjednoczonych, gdzie średni wiek budynku (uwzględniając ostatnie modernizacje) wynosi ok. 30 lat. W miastach regionalnych średni wiek powierzchni biurowej dla sześciu największych rynków regionalnych (Kraków, Wrocław, Poznań, Trójmiasto, Katowice i Łódź) nieznacznie przekracza 6 lat, przy czym zaledwie około 115 nowoczesnych budynków jest starszych niż 10 lat. Istniejące uwarunkowania nie skłaniają więc wielu właścicieli nieruchomości do przeprowadzania prac modernizacyjnych. Sytuacja ta będzie się jednak stopniowo zmieniać. Wysoka podaż, rosnące wymagania najemców, a także zmniejszająca się dostępność działek w najlepszych lokalizacjach zmuszą właścicieli do bardziej intensywnych działań związanych z podnoszeniem standardu lub zmianą funkcji budynku. -
Sustainability Report Eskzai V3 Copy
Sustainability REPORT 2018 Sustainability at Euroapotheca group SUSTAINABILITY AT EUROAPOTHECA GROUP Euroapotheca is an international group of companies operating in Northern, Central and Eastern Europe which unites retail pharmacies and wholesale companies in Lithuania, Sweden, Latvia, Estonia and Poland. The year 2018 was a historic one for the group; due to new acquisitions Euroapotheca has doubled in size, becoming a leading Northern Europe pharmacy network. Due to its rapid development and growth, Euroapotheca started to review group Sustainability Strategy in order to balance all the actions in all the countries the group is present. Euroapotheca’s sustainability platform embraces all actions how we interact with our stakeholders to be a successful, profitable and sustainable corporate citizen which adds value to economic growth in all Euroapotheca communities and environment. WE DRIVE SUSTAINABILITY ACTIONS IN LINE WITH OUR VALUES, WHICH ARE PROFESSIONALISM RESPECT SIMPLICITY TEAMWORK PASSION TO WIN Sustainability REPORT 2018 1 SUSTAINABLE DEVELOPMENT GOALS Sustainability REPORT 2018 2 ECONOMIC GROWTH Global economic growth and contribution Contribution to local economies to Northern European economies As one of the biggest pharmacy networks in Northern Europe, Euroapotheca adds value to economies both as a global and local The turnover of the group in Lithuania was EUR 251.5 corporate citizen for clients, society, employees, partners and million, which is a 5 % increase compared to 2017, shareholders. when it was EUR 239.4 million. The year 2018 was a historic one for strategic development in the Euroapotheca group. In 2018, Euroapotheca purchased the In Latvia, the group’s turnover was EUR 57.7 million, Apoteksgruppen pharmacy chain and became the owner of the fourth and was 4.9 % higher than in 2017, when it was EUR 55 largest pharmacy network in Sweden. -
Rewitalizacje I Modernizacje W Polsce REPORT
WERSJA SKRÓCONA SHORT VERSION drugiezyciebudynkow.pl 3 EKSPERCI EXPERTS DEKLARACJA wzorcowej rewitalizacji DECLARATION of exemplary revitalization REPORT DEVELOPMENT REPORT drugiezyciebudynkow.pl Marlena Kosiura Aneta Kłodaś Dorota Kaczyńska Rewitalizacja i odnowa istniejącej historycznej oraz współczesnej zabudowy to proces wielowąt- Revitalization and restoration of an existing historical and contemporary development are a Real estate market expert, Managing director Bluevine Consulting / Real estate market expert kowy. Pociąga za sobą ingerencję w otoczenie, miasto, ma też konsekwencje w ujęciu zrówno- multilayer process. It leads to an interference in the surrounding area, the city, yet it also results ważonego budownictwa. W procesie tym uczestniczą nie tylko właściciele budynków oraz in a perception of sustainable construction. This process is participated not only by owners the Second Life of Buildings Initiative / the Second Life of Buildings Initiative [email protected] inwestorzy, ale także władze lokalne, architekci, jak również lokalna społeczność. of the facilities and investors, but also provincial governments, architects as well as the local OPRACOWANIE RAPORTU OPRACOWANIE InwestycjewKurortach.pl [email protected] community. [email protected] Dzięki wspólnemu działaniu i poszanowaniu intencji oraz celów wszystkich stron rewitalizacja może odnieść sukces na każdym polu: od biznesowego, po zadowolenie i pożytki społeczne. Owing to joint efforts and respect for intentions and goals of all the parties involved, revital- ization may be successful at each and every field, including business, satisfaction and social Dążąc do realizacji wzorcowych rewitalizacji wyrażamy poparcie dla głównych założeń, które benefits. powinny być spełnione w procesie nadawania budynkom drugiego życia. Striving for performance of exemplary revitalization, we express our support for key assump- tions, to be fulfilled in the process of giving the buildings a second life.