Capital Park SA

Capital Park Sa. Capital Park SA is a Poland-based company engaged in real estate operations. It divides its business into four segments which build, rebuild, renew and commercialize properties and manage office, commercial, residential and multifunctional projects. Through the Office Projects segment the Company manages office properties in Gdansk and Warsaw. The Commercial Projects segment includes a number of commercial, high street properties located in over 30 Polish cities. It also constructs its own local shopping malls under the proprietary street mall brand of Vis a Vis. The Residential Projects segment is active in development of premises targeted at medium and premium segment groups, such as Rubinowy Dom in Bydgoszcz and Rezydencja Palacowa in Warsaw. The Multifunctional Projects segment is engaged in revitalisation of the post-industrial area of the former Norblin Factory in Warsaw. Capital Park SA is the parent company of Capital Park Group and operates through over 40 subsidiaries.
  • TickerCPG
  • ISINPLCPPRK00037
  • SectorReal Estate Investment & Services
  • CountryPoland

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Capital Park Offer price below NAV

We maintain our BUY recommendation and increase our FV by 6% to PLN 8.99from PLN 8.50 on a higher valuation of investment properties and weaker PLNvs EUR. In 2Q19, Capital Park reported positive revaluation in Fabryka Norblinaof PLN 60m due to development and commercialization of the project and aPLN 35m rise in Eurocentrum Hotel & Residence based on the preliminarydisposal agreement, though the buyer pulled out of the deal on 20 September.Given a weakening of PLN vs USD at end-3Q19 (4.37x vs. 4.25x at end-2Q19),we expect further positive revaluation of investment properties of ca. PLN 50mand ...

CAPITAL PARK - Narrowing the discount to NAV - IPOPEMA

Narrowing the discount to NAVWe initiate coverage of Capital Park with a BUY recommendation and a FV of PLN 8.50 per share, which implies 56% upside. The company manages and develops commercial properties in Poland, with major focus on Warsaw office market. As of end-1Q19 CPG owned commercial properties valued at nearly PLN 2.2bn, that generated funds from operations (FFO) of PLN 45m in 2018. Aside from cash-generating assets, Capital Park is also developing the ArtN project, which encompasses 40k sqm of office space and 27k sqm of retail area, to be completed in 1Q21. CPG also owns plot of la...

CAPITAL PARK - Narrowing the discount to NAV - IPOPEMA

Narrowing the discount to NAVWe initiate coverage of Capital Park with a BUY recommendation and a FV of PLN 8.50 per share, which implies 56% upside. The company manages and develops commercial properties in Poland, with major focus on Warsaw office market. As of end-1Q19 CPG owned commercial properties valued at nearly PLN 2.2bn, that generated funds from operations (FFO) of PLN 45m in 2018. Aside from cash-generating assets, Capital Park is also developing the ArtN project, which encompasses 40k sqm of office space and 27k sqm of retail area, to be completed in 1Q21. CPG also owns plot of la...

1 director sold after exercising options/sold

A director at Capital Park Sa sold after exercising options/sold 732,000 shares at 5.500PLN and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under list...

1 director sold after exercising options/sold

A director at Capital Park Sa sold after exercising options/sold 732,000 shares at 5.500PLN and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under list...