ORCO NOWA EMISJA NOWE INFO

ORCO wants to raise 77 million euros:


(AOF) - Orco Property Group will ask for 77 million of euros its shareholders whatever the exit of the negotiations with a new prospective shareholder, according to the declarations of the managing director of the group Jean-François Ott quoted by the Reuters agency. The property developer is in procedure of safeguard for six months renewable. After expiry of this procedure last week, Orco intends to require the renewal of the bankruptcy court of Paris.



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Activity of the company
Orco Property Group is an investor, promoter and asset to manage which works on the hotel and real markets of Central Europe. The value of its wallet is estimated at nearly 2,4 billion euros at December 31, 2007, that is to say a billion more than in 2006. Orco, society based in Luxembourg, and with dimensions on Euronext and with Warsaw, Prague Stock Exchange and Budapest, are established in Central Europe since 1991.
The wallet of Orco Property Group includes/understands IPB Real, MaMaison Hotels & Apartements, Viterra Development, Gewerbesiedlungs-Gesellschaft mbH (GSG) and Orco Real Estate as well as other real goods. Orco Property Group is present in several countries whose Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia and continuously analyzes investments in new areas.

Strong points of the value
it group is very dynamic: Orco Property Group released in 2007 a turnover in rise from 73% to 299,229 million euros.
reason of the acquisitions carried out during the first six-month period 2007, the ratio of debt on revalued equities rises, at the end of first half of the year, to 42%. Thanks to the emission of the obligation with scrip certificates in March 2007, the group could stabilize its cost of debt.
- Following a successful capital growth, Orco Property Group announced, on June 21, 2007, is the first day of quotation of the actions of the company on Stock Exchange of Warsaw and Budapest. Institutional investors could be attracted by the value in these countries.

How to follow the value
- The activities of hiring of offices are sensitive to the evolution of the economic situation and the climate of the businesses in general. On the other hand, the rents resulting from the shopping malls, more defensive, depend on the level of household consumption (and thus of their moral).
- In a general way, the rate of vacancy (or its opposite, the occupancy rate) is a good indicator of tendency of the real estate market.
- Lastly, like any land value, the title is depend on the level of interest rates.

THE SECTOR OF THE VALUE

Hotel trade and leisures
The Worldwide organization of tourism reduced her forecasts of world displacements for the whole of 2009. Whereas it initially envisaged a reduction limited to 1% of these displacements, it counts from now on on a reduction ranging between 4% and 6%. According to a study carried out within the framework of the National council of tourism, the French professionals of the sector expect a fall of their activity ranging between 10% and 25% following the sectors, this year. The influenza has, which could still deteriorate the situation, would have a world impact. According to the experts, the cost for the worldwide economy could be hundred times higher than that of the crisis of the SARS in 2003, which had been limited primarily to Asia. Its impact could rise to 2500 billion dollars, corresponding to 3,5% of the world GDP. Whereas the crisis leads already the companies like the private individuals to reduce their travelling expenses, the epidemic could have catastrophic consequences on world tourism.
Real estate
Construction employs in France close to an employee to private on ten (8%, 1,444 million in 2007). In France the government doubled in particular the loan atrate zero in the nine in 2009, and set up a new device of rental investment, resulting from the Scellier amendment, and which allows a tax cut going up to 25% of the price of a good intended for the hiring. Other measurements supplement this device: the repurchase of 30000 residences on plan with the property developers, the installation of theland one, which make it possible to acquire housing and ground in two times, and the construction of 70000 social housing. Moreover, 1000 building sites (such as road installations) were launched.