January 31, 2019

2018 closed with a dynamic fourth quarter: around €3.5 billion worth investments. Annual volumes were down by about 20% compared to 2017 record year but up by 10% compared to the five year average, confirming a good level of activity, according to BNP Paribas Real Estate.

The Austrian company IMMOFINANZ has purchased the remaining 50% of Na Příkopě 14 building from the company LORDSHIP and become the sole owner.

“It has been a challenging year for H&M group and the industry but after a difficult first half, there are signs the company’s transformation efforts are beginning to take effect. Improved collections generated better full-price sales and lower markdowns towards the end of the year. This gave us confidence to accelerate our transformation plans in the fourth quarter with a particular focus on the upgrade of our logistics systems. Inevitably resulting in increased costs but will lead to a range of improvements for customers.” Karl-Johan Persson, CEO