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LATEST NEWS:

WOOD & Company has successfully completed the acquisition of three premium office projects over four working days
19.06.2018

4th annual Emerging Europe Financials Conference in Warsaw
18.06.2018

1st CEE Investor Days in New York
13.06.2018


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Corporate Roadshows

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5 - 7 SEPTEMBER 2018

Bucharest & Mamaia

Frontier Investor Days 2018

For more information please contact your WOOD sales representative or:

Warsaw +48 222 22 1530, Prague +420 222 096 452, London +44 20 3530 0611

marketing.team@wood.com


15 NOVEMBER 2018

Belgrade

Upgrade in Belgrade 2018

For more information please contact your WOOD sales representative or:

Warsaw +48 222 22 1530, Prague +420 222 096 452, London +44 20 3530 0611

marketing.team@wood.com


4 - 7 DECEMBER 2018

Prague

WOOD’s Winter Wonderland 2018



USA

EME Consumer Analyst
New York: 25 June
Salt Lake City: 26 June
Des Moines / Chicago: 27 June
Boston: 28 June
New York: 29 June


Poland

Real Estate Analyst
Warsaw: 26 - 28 June



USA

Piraeus Bank
Boston: 21 June


United Kingdom

Orange Polska
London: 27 June


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News and Media Relations

Latest news and media releases


19 JUNE 2018

WOOD & Company has successfully completed the acquisition of three premium office projects over four working days

WOOD & Company is pleased to announce the acquisition of three office buildings: the Hadovka Office Park located in Prague 6, and the Aupark Tower and the Lakeside Park in Bratislava. These acquisitions have doubled WOOD & Co.’s market value of the commercial real estate portfolio to EUR 360m and moved the company into the Top-5 Slovak players in office building investments.

The three buildings, with a total leasable area of 85,000 m2 of GLA, were acquired by WOOD & Co.’s real estate fund over four working days. According to the recent RICS valuations, the market value of the buildings exceeds EUR 190m and, together with last year's acquisition of the Westend project, exceeds EUR 200m, with a total leasable area of 93,000 m2.

Vladimir Jaros, WOOD & Company’s CEO, made the following comments on the acquisition: “The recent three acquisitions confirm our long-term and strategic commitment in establishing a professional real estate investment platform for our investors. We will dedicate all necessary resources and will pay attention to perform high-quality asset management for all the fund´s assets; but, at the same time, we will be active in identifying and acquiring new high quality assets for the fund with the goal to double its value in the next three-to-five years.”

All three acquired buildings are located in attractive areas, with very good transport connections, and offer an optimal parking ratio. The buildings have a very strong and predictable cash flow, and are in excellent condition. With a high-quality and diversified mix of tenants, the occupancy rate of the three buildings exceeds 97%; for two of the buildings, the rate is even closer to 100%.

The quality of all three buildings and the professional preparation of the transactions translated into strong interest from local banks on acquisition financing, which led to WOOD & Co.’s real estate fund negotiating attractive conditions for the senior bank financing. As with WOOD & Co.’s real estate fund’s other projects, the debt ratio of each project and total portfolio does not exceed 70% of the LTV; rather, it is around 60% LTV, or slightly below this level, on average. We believe that this ratio of own funds and loans should provide the fund’s investors with an optimal return and reasonable risk ratio.

The fund is continuing to look for attractive real estate investment opportunities in office buildings and business centres, focusing on projects in Prague.


18 JUNE 2018

4th annual Emerging Europe Financials Conference in Warsaw

On 13-14 June, we hosted the 4th edition of our Emerging Europe Financials Conference in cooperation with Warsaw Stock Exchange.

This conference provided a forum for discussions on the results, outlooks and strategies of the leading financial companies in CEE, and involved 54 local and international institutional investors from 38 investment houses, who met with 17 companies and attended 249 meetings in total.


13 JUNE 2018

1st CEE Investor Days in New York

Our inaugural CEE Investor Days conference was a great success, co-hosted by the Bucharest, Prague and Warsaw Stock Exchanges on 23-24 May in New York.

The event brought together US investors and corporate management teams from the region; 34 companies participated, along with 84 institutional investors representing 59 US investment houses. The conference highlighted the progress made by the capital markets and showcased the top companies listed on the exchanges. To find out more about the conference, please read the official press release: https://bit.ly/2sSGnz2


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