2018 has been a record-breaking year, and was marked by EBITDA of 75.1 MEUR, a net result of 56.8 MEUR, in excess of 500 MEUR of market capitalisation, more than 820,000 m² of projects in development as well as our expansion towards a sixth country.
IMMOBEL achieves EUR 75.1 million EBITDA and EUR 56.8 million net profit - a record performance
The Cedet building which was developed by IMMOBEL Poland qualified for the finalists of the prestigious MIPIM Awards 2019 in the category ‘Best Refurbished Building’. Cedet’s redevelopment and extension design is the work of a consortium of architectural studios: AMC Andrzej Chołdzyński - RKW Rhode Kellermann Wawrowsky. The construction was completed in May 2018.
The IMMOBEL Group today announces the acquisition of 89,9 % of the shares in the company Europe-Allee Wohnen gsp GmbH, owner of the prestigious EDEN project planned for the centre of Frankfurt. This acquisition in the German market, which is the largest European economy, is in line with the announcement on the intensification of the Group's international diversification.
The iconic Cedet building, located in central Warsaw, has been sold to a fund managed by GLL Real Estate Partners on behalf of Korean investors for EUR 129.5 million.