UDI Group, an international development group with Czech roots, is planning a massive construction in Belgrade, Serbia. It plans to build the Duga project with 2,320 apartments and 40,000 sqm of offices on the site of a former factory for almost €392 million. Construction is expected to start next year, UDI Group reported.

MDC2 has appointed Martin Healey, a senior global property executive, to its Board. He is a senior international real estate investment professional with almost 25 years of experience. Martin is the Managing Director of Real Assets, and a member of the Global Leadership Team of CPP Investments, a global investment management organization.

Average asking prices of new and old apartments in Romania fell by 0.2% in November compared to the previous month to €1,704 per sqm, with Constanța, Iași and Cluj-Napoca recording slight gains of prices, according to Imobiliare.ro. 

German HR Group has taken over the Vienna House Easy Airport Bucharest near Henri Coanda Airport as part of a wider deal that involved the purchase of all Vienna House properties from Vienna House Capital and U City. 

NEPI Rockcastle, through its subsidiary, has acquired all the issued shares in the Forum Gdańsk shopping centre from a company ultimately owned by Blackstone-managed funds. The transaction encompassed the repayment of all the asset’s outstanding debt. Forum Gdańsk is a 63,500 sqm GLA shopping centre, situated in Gdańsk, the sixth largest city in Poland by population, with over 470,000 inhabitants.

Berlin-based property developer firm Bauwert AG is entering a strategic partnership with Hungary’s Wing Group, as well as international investment & asset manager Griffin Capital Partners. For this purpose, the three companies signed an agreement under which Wing and Griffin will together acquire 60% of Bauwert’s shares. The remaining 40% will be kept in the ownership of the existing shareholders. Wing Group will have a controlling interest in the company.

Immofinanz is acquiring 17,305,012 shares in S Immo AG from its core shareholder, CPI Property Group, thus obtaining a controlling stake in S Immo of 50% plus one share. The purchase price amounts to €337.5 million or €19.5 per S Immo share. The transaction will be financed through a long-term credit facility provided to Immofinanz by CPIPG. The share purchase agreement was signed on 19 December 2022. The closing of the transaction will take place before the end of 2022. Consequently, Immofinanz will fully consolidate S Immo in the 2022 annual financial statements.

Portiva Group, with a portfolio of wind and solar parks with a total capacity of 30 megawatts, is set to build more solar farms in the Czech Republic. Although its focus in recent years has been on real estate and IT, the company now sees the time as opportune for investment in photovoltaic parks. It plans to build at least three, reports Hn.cz.

Romanian property company Ideal Residence Developer has announced the launch of Marina Snagov comprising 33 luxury villas on the shores of Snagov lake near Bucharest. The company will invest over €12 million in the complex that is slated for delivery at the end of 2024.

LivUp has finalized the purchase of a property in Kraków from Galinvest. The new LivUp project will include about 80 residential apartments for long-term rental, as well as additional amenities and facilities. The first tenants are expected to move in by Q2 2023.