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IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to EUR 59.5 million, and the results of operations were 18.0% higher at EUR 43.5 million. However, the revaluation results of EUR -45.0 million from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at EUR -37.6 million.

NREP taps Henrik Skak Bender as new COO and partner. The former Group CFO at WS Audiology joins NREP to strengthen the leadership team at a time where focus on culture, performance and people is key for realizing an ambitious 2025 growth plan.

Meyer Bergman is creating a €2 billion platform allowing institutional investors to tap into surging demand for last-mile distribution centres, with the launch of Crossbay.

Toni Perätalo has been appointed as Head of Client Relations and Sales in Capital Markets team as of May 1, 2020. Toni returned from parental leave to his new assignment.

Completion with an investment volume of over 400 million euros planned by 2023.

Neinver has appointed Stephan Fickl as the company’s new Group Leasing Director. He assumes responsibility for this area of the group at the international level and reports directly to the Managing Director.

In the next few days, in view of the rising demand for this type of aid, food and hygiene products will be delivered to needy families and children’s homes, together with medicines for nursing homes.

The company welcomes Steven Brown to the Board of Directors.

Fund has target volume of EUR 300 million, focuses on food retail markets and grocery-anchored retail warehouse parks.

Sponda has appointed Katja Holmström as Director, Retail and a member of the company’s Extended Management Team. Holmström will start in her new position in early August and she will be responsible for developing and managing Sponda’s Retail business.

Wereldhave announced the launch of the Green Financing Framework and has agreed under this framework a new Green Revolving Credit Facility of €100 million with ABN AMRO Bank N.V. as a sole lender.

Thomas Wels will be responsible for the development of PATRIZIA’s growing and diversified platform business and support the expansion into new business areas and international markets.

Global real estate services firm Cushman & Wakefield has appointed Krzysztof Misiak as Head of Poland to succeed Charles Taylor who leaves the firm after 30 years.

This year’s “Annual Conference” will be transformed into a “Digital Nordic Think Tank” with focus on the retail landscape following the Covid-19 pandemic.