Interim Report, January - March 2026
Comparisons stated in parenthesis refer to the corresponding period of the previous year January - March 2026 · Rental income amounted to EUR 6,028k (EUR 6,065k) - marginal decrease stemming from Ecologis Portugal being accounted for using the equity method following the partial sale in the last quarter of 2025 · Net operating income amounted to EUR 4,038k (EUR 4,325k) – decrease also driven by accounting treatment of Ecologis Portugal · Profit incl. changes in value in associates & joint ventures totalled EUR -1,345 (EUR 811k) – decrease driven primarily by negative currency
Europi and Incus Capital have joined forces, committing further capital and resources to grow and establish Ecologis, a major Portuguese logistics company, as one of the leading Iberian logistics platforms. The strategic partnership builds on Europi’s and Incus Capital’s vast experience in the region and sector, combined with a shared vision of creating a modern, high-quality logistics platform of significant scale covering the most attractive metropolitan regions in the Iberian Peninsula.
Ecologis was launched by Europi at the end of 2021 and has grown to become a leading Portuguese
Hyde Park Properties is focused on building a unique portfolio of high-quality, single-family homes located in some of London’s most desirable areas around Hyde Park. Since the first acquisition in May 2024, the portfolio has grown to 22 houses and additional near-term pipeline has been identified to reach 30 houses by June.
The strategy was identified by Europi in the spring of 2024, as prices in prime central London had been negatively affected by a combination of externalities including Brexit, COVID-19, elevated mortgage rates and tax policy uncertainty created by the new Labour
CityBee, the UK office joint venture between Europi Property Group and Trinova Real Estate, is delighted to announce that lease extensions have been secured with two key tenants at Cuprum, Glasgow.
Cuprum is situated in the heart of Glasgow, blending impressive exterior architecture with contemporary interiors to provide high quality Grade A office accommodation. Cuprum is strategically positioned at the Western gateway to Glasgow City Centre, located within the International Financial Services District and benefitting from excellent public transport links. The building benefits from
Europi Property Group is pleased to announce the successful environmental certification of another asset within its pan-European future of office portfolio, “CityBee”.
Following the acquisition in May 2023, local partner Kefren Capital Real Estate have been working to reposition “Circuit”, a 13,082 sq m office building, which was acquired with no environmental certifications in place. The building is located in the Cornella de Llobregat area of Barcelona, which is seeing strong demand from occupiers across many sectors including technology, engineering, pharmaceuticals and life sciences.
Ecologis, a leading owner of last mile and big box logistics assets within Portugal, has announced the platform’s latest acquisition of Estrada Velha, a 7,200 sq m last mile logistics asset in Matosinhos, Porto. This is the first acquisition within the Porto area for the expanding Ecologis platform.
The asset is well located between Porto city centre and Porto airport, with easy access to the A4 highway providing further connectivity through the North of Portugal. The site is occupied by an international medical equipment manufacturer.
The acquisition further grows the Ecologis
CityBee, the UK office joint venture between Europi Property Group and Trinova Real Estate, is delighted to announce three new occupiers at Windmill Green, Manchester.
Situated in the heart of the city centre, Windmill Green was Manchester’s first BREEAM ‘Outstanding’ rated office building upon completion of a significant retrofit in in 2019. The property benefits from a range of high quality occupier amenities, including a rooftop pavilion, event space and unique communal roof terrace.
The largest of the lettings is to Clancy Consulting, a specialist engineering consulting firm, who