STC Partners will invest more than €20 million in a new residential complex comprising over 200 apartments in Bucharest. The first development phase of Quartier Azuga will kick off in October 2022 and is slated for delivery in the first semester of 2024, while the entire project should be completed in early 2025. Crosspoint Real Estate has been appointed exclusive sales agent. 

Ivan Lokere, CEO of Alinso Group, spoke to Property Forum about the company's expansion plans on the Romanian market and the development plans for its PWP Bucharest North project. He also outlined the sectors that drive demand for industrial spaces.

Palmovka in Prague 8 and Nové Dvory in Prague 4 are the largest areas where Prague development company (PDS – Pražská developerská společnost) plans the largest changes and development of new districts. PDS is preparing projects in a total of 12 localities where up to 8,000 urban rental flats should be built, announced the company director Petr Urbánek together with the Deputy Mayor of Prague, Petr Hlaváček at a press conference.

Cushman & Wakefield continues its partnership with GTC to provide community building services for the company’s office buildings. By coordinating its activities as part of its proprietary “WakeApp Your Office” scheme, Cushman & Wakefield is responding to the challenges experienced by office tenants and landlords in encouraging employees to return to the office post-pandemic.

Local real estate developer Camicna Development has started the construction of Acmanic, a boutique luxury residential project worth €25 million that includes 51 duplex apartments. 

CTP has delivered a built-to-suit warehouse spanning 35,000 sqm in CTPark Mogoșoaia, near Bucharest, for pharmacy chain A&D Pharma – Dr. Max Group. 

Panattoni has leased out over 15,100 sqm to Chines e-commerce giant, JD International Logistics in its newly completed Panattoni Park Nadarzyn. The developer has also completed the process of the building’s certification in the BREAAM International New Construction system at the level “Excellent”. With a score of 78.4 percentage points the building has become the most ecological construction in Poland. The lease to JD.com was mediated by consultancy M4 Real Estate.

Property developer Gran Via Real Estate will invest €26 million in expanding the Gran Via Marina residential project in Constanța with two new blocks of flats that include 190 apartments. 

Swedish company Desenio Group set up a new distribution centre for European markets outside the Nordic region. For the centre, Desenio leased nearly 18,500 sqm in CTPark Bor. The transaction was assisted by Cushman & Wakefield.

AFI Europe Romania has secured the LEED Platinum precertification for AFI Tech Park 2, the second phase of the AFI Tech Park office development located in Bucharest. The developer worked with Colliers on the certification process.