Orco: Last trading day with dividend rights Orco Property Group holds AGM and EGM today to approve proposed dividend EUR 0.8 per share and renewal of step-up equity issue program PACEO for up to 1 million shares issue. Today is also the last day stock is traded with the dividend right and goes ex-dividend on April 28.
Separately, Cushman&Wakefield released study concerning average price of industrial real estate. From CE3 countries the most expensive is Hungary - Budapest ranking is 24th with average price of EUR 76 year/m2, followed by Czech Republic - Prague is at 27th position with EUR 72 year/m2 and Poland - Warsaw 31th position, with EUR 63 year/m2. In Czech Republic there was new 210,000 m2 of modern industrial space added in 2005, total of 930,000 m2 with vacancy rate of 2%. We see this information neutral for Orco, as its main activities concern apartment, office and retail space.