Financial Data and Key Metrics Changes - The company achieved a black zero in Q2 2025, indicating a return to profitability is expected in the second half of the year [4][6] - Earnings before tax improved by 47% in the first half of 2025, with an equity ratio back above 30% [6][7] - The successful issuance of a green hybrid increased equity above EUR 350 million, while net debt remained below EUR 550 million [7] Business Line Data and Key Metrics Changes - Residential sales doubled in the first half of 2025, with 208 apartments sold compared to 97 in the same period last year [8] - The company has a pipeline of 2,800 apartments over the next four years, ensuring steady income [9] Market Data and Key Metrics Changes - Newly started residential construction projects in Germany decreased by 85% since Q4 2022, leading to forecasts of fewer than 200,000 new apartments in 2025 [11] - Residential prices in Q2 2025 rose by 3.8% in Germany, 4% in Austria, and 17% in the Czech Republic, indicating a tightening supply [12] Company Strategy and Development Direction - The company emphasizes the importance of ESG (Environmental, Social, and Governance) factors, which are expected to drive future growth in Europe [16][19] - The company aims to maintain its industry leadership in sustainability and is considering potential project rezoning from office/light industrial to residential to address the supply-demand imbalance [55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to profitability, citing a flight to real assets and a significant market shakeout as positive indicators [21][23] - The company anticipates a continued demand for residential properties due to a shortage of supply and rising prices [50] Other Important Information - The company has successfully managed its liquidity, with EUR 168 million available against repayment obligations of EUR 102 million for 2025 [13] - The hotel segment output was reported at EUR 43 million, with a different mix of contributions compared to the previous year [34] Q&A Session Summary Question: Update on sales in Mainz - The company sold two apartments in Q2, maintaining a 50% sales rate, with ongoing reservations pending bank financing [29] Question: Letting process for Timber Pioneer in Frankfurt - The letting process is slow due to summer breaks, but management expects positive news in September [32] Question: Hotel segment performance - The hotel segment output is on par with last year, with Poland performing better, while Germany faced challenges due to the absence of extraordinary events [35] Question: Update on residential projects - The company plans to start construction on new residential projects next year, with a focus on smooth sales [36] Question: Potential reallocation of projects from office to residential - The company is considering rezoning projects based on market conditions and demand for residential properties [55] Question: Update on Kopinski Jockberg hotel sale - Exclusivity has been granted to one party for the sale, but no final agreement is expected before year-end [56] Question: Office lease lead times - Lead times for office leases have extended significantly, with management agreeing that it could take up to nine or ten months [68] Question: Personnel costs outlook - Personnel costs are expected to decrease in the second half due to a reduction in the workforce, potentially supporting overall results [76]

Group 1 - The Investment Company AB Tewox has commenced construction of two shopping centers in Klaipėda and Vilnius, scheduled for completion in early 2026 [1] - The investment amounts to approximately EUR 5 million for the Klaipėda project and EUR 4.7 million for the Vilnius project, with building areas of 2,000 sq. m and 1,800 sq. m respectively [2] - The construction is being executed by Baltijos pašvaistė, while the projects are developed by the Investment Company's subsidiaries UAB Lairina and UAB Janonio 27 [2] Group 2 - UAB Janonio 27 has also started construction on another site in Klaipėda for a "Lidl" store, with an estimated investment of around EUR 6 million and a building area of approximately 2,000 sq. m [3] - This additional project is also expected to be completed in 2026 [3]

August 27, 2025 10:58 AM GMT China Resources Land Ltd. | Asia Pacific Solid Results; Robust Outlook Reaction to earnings We see CR Land's solid 1H results as another good proof of balanced growth, while management visioned positive outlook on property sales, recurring income and business transformation. Reiterate as Top Pick. Key Takeaways 4Q sales likely to accelerate: CR Land has prepared ~Rmb390bn of saleable resources for 2H (88% in top-tier cities and 43% from new launches), implying a 39% sell-through ...

北京进深 徐迪 8月初，调规后的中建壹品元启重新开始网签。 截至8月26日，已签约165套，目前排在北京新盘8月成交套数榜首位。 成交面积合计1.65万㎡，网签金额约8.8亿元，约为拿地金额的18%。 成交均价5.33万元/㎡，约为指导价81折。 | 元启所在大兴区西红门镇DX04-0102-6035地块成交于2024年2月底，由中建壹品以48.76亿元摇中。 | | --- | 2024年8月28日取得预售证，3天后正式开盘，共计19栋楼1052套住宅，销售指导价6.6万元/㎡。 开盘之后，元启的网签情况并不理想，千余套房子只卖了个零头。 截至今年4月调规前，元启原预售证下网签数量为66套，成交均价5.35万元/㎡。 2025年4月14日，元启调整了设计方案并公示。 重新调整设计方案后，项目网签清零。 6月27日，北京住建委公示称，元启（备案为元启繁星园）拟依据新规划许可证申请变更原预售许可证。 7月16日，项目重新取得建设工程规划许可证。 元启本次方案调整，是为提升项目居住品质，打造人民满意的"好房子"，拟按照"好房子"技术要点进行规划方案调整。 对比此前的规划设计，最大的改动就是在原有飘窗基础上， 增加 ...

Group 1 - The core viewpoint of the article emphasizes that "confidence" is a key term in the real estate industry during a period of deep adjustment, highlighting the challenges faced by private real estate companies and their strategies to overcome these obstacles [1][4] - Private real estate companies are focusing on "adding value" through increased investment and improved quality, as demonstrated by Sunshine City's project in Nansha District, which aims to reshape corporate credibility and explore future development paths [1][3] - Sunshine City has invested over 20 million yuan in its "9+3 product upgrade plan" for the Lijing Peninsula project, enhancing various features to exceed expectations and reinforce the company's commitment to delivering quality housing [3] Group 2 - The delivery capability of real estate companies, especially private ones, is described as their "lifeline," with Sunshine City planning to deliver over 3,000 units across six projects in five cities in South China in 2024, aiming for both timely delivery and quality exceeding expectations [3] - Other private real estate companies, such as Sunac, Longfor, and CIFI, are also actively ensuring delivery and striving for quality, replacing short-term value with a long-term approach, which contributes to market stability [3] - The recovery of the real estate market requires both policy support and proactive actions from companies, with private firms encouraged to focus on product quality and service to rebuild market trust and inject confidence into the industry [4]

New World Development has sold a retail space in one of its commercial buildings in Hong Kong for about HK$120 million https://t.co/SlOXlg5EpN ...

据介绍，城镇老旧小区改造已连续6年被纳入全省重点民生实事项目。今年，全省共有1700个城镇老旧 小区被列入改造清单，目前已开工改造1561个小区，开工率达91.82%。 湖南日报8月26日讯 "以前设施老、停车难，下水道常散发异味。今年5月改造后，路面翻新了，雨污分 流了，停车方便了，居住条件和生活环境大大改善。"8月25日，郴州市苏仙区北园小区居民梁玉华点赞 小区新面貌。省民生补短提质攻坚工作专班工作人员介绍，今年全省已开工改造1561个城镇老旧小区。 "十四五"期间，我省预计为2.01万个小区换上"新装"，重点做好老化管线改造、建筑节能改造、配套及 公共服务设施完善等工作。（全媒体记者刘笑雪 通讯员曹婕妤 吴晓萱） ...

Richard Li’s FWD signed a decade-long deal with Swire Properties to expand its headquarters in Hong Kong https://t.co/bggtIxqcX4 ...

| 科创半导体ETF | | --- | | (产品代码:588170) | | ★ 跟踪：上证科创板半导体材料设备主题指数 | | 近五日涨跌: 10.41％ | | 资金流向: 最新份额为3.6亿份, 增加 | | 了3400.0万份,主力资金准 | | 流出239.7万元。 | （原标题：A股午评：创业板指涨2.41%突破2800点关口！AI产业链板块爆发） 两融余额时隔10年重回2.2万亿元以上，距离离历史峰值只相差不到700亿元。A股三大指数早盘集体上涨，截至午盘，沪指涨0.33%，深成指涨 1.34%；创业板指涨2.41%，突破2800点整数关口，创逾3年新高。沪深京三市半日成交额17463亿元，较上日放量469亿元，全市场超2200只个股 上涨。 盘面上，AI应用、CPO概念股爆发，开普云、剑桥科技3连板，新易盛、中际旭创再创历史新高，国务院印发《关于深入实施"人工智能+"行动的 意见》；半导体板块全线上涨，瑞芯微、博通集成涨停，寒武纪涨超6%，市值一度站上6000亿元大关，上半年营收大增43倍，同比扭亏；稀土永 磁概念股走强，北矿科技涨停，北方稀土涨7%，上半年净利润同比暴增超1951%。 另 ...

26 August 2025 | 11:53AM CST Greentown China Holdings (3900.HK) 1H25 below expectation on low booking; improving investment efficiency supporting recovery outlook; Buy Greentown's 1H25 net profit declined -90% yoy to Rmb0.2bn (in line with profit alert), mainly dragged by DP topline contraction due to uneven project delivery schedule, disproportionately high SG&A against smaller revenue, enlarged impairment loss (-Rmb1.9bn, vs. -Rmb1.7bn in 1H24), though partially mitigated by yoy DP GPM improvement. If exc ...