News

Vienna/Warsaw, 27 April 2022 – The Warimpex Group achieved a positive operational performance in 2021. The hotel segment saw a particularly solid recovery compared with the weak year caused by the pandemic in 2020 and in the office segment, properties with long-term leases that are contractually assured generated ongoing cash flows. Along with obtaining important building permits for development projects in Poland, the company started the construction of Mogilska 35 Office in Krakow. New leases were concluded in Budapest and Krakow, so B52 Office and Mogilska 43 Office are both fully occupied now. The overall occupancy rate for the office properties is 96 per cent. The Warimpex Group’s result for the period improved significantly, going from a loss of EUR 31.1 million to a gain of EUR 12.0 million.