Industrial developer HelloParks will use the €82 million (approximately HUF 30 billion) loan to build its industrial and logistics park in Maglód which is being developed in several phases. The next, second building is planned to be handed over in the last quarter of 2022.

The pandemic has not changed the strategy of RSJ Investments. The company’s core focus in the real estate segment remains predominantly on investments in residential and logistics/industrial development projects. Nevertheless, the pandemic indeed makes certain asset classes, such as retail, riskier, admits Marcel Kolesár MRICS, Transaction Manager at the real estate division of RSJ Investments, in an interview to Property Forum.

Zoltán Fekete was appointed the President of the Management Board of GTC. Previously, he has served the company as the Chairman of The Supervisory Board for two years. In the new role, Mr Fekete will steer all GTC’s operations in the region.

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

With the fifth building of the High5ive complex in Kraków receiving its occupancy permit, the entire project is coming to an end. It has provided 70,000 sqm of office space to the local office market.

Slovak developer Cresco is entering the Czech real estate scene with a CZK 1 billion project for a 500-apartment apartment building in Prague's Holešovice, the company announced on the project's website. And it says it already has other plans for further expansion in the Czech Republic.

Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.

MLP Group's financial standing remains very strong, as confirmed by the posted results for 2021. Last year, MLP Group’s net asset value (NAV) went up 51%, to PLN 1.82 billion (€396.7 million). The value of its investment property rose 46%, to around PLN 3.4 billion (€752 million). Consolidated rental income (i.e. revenue from the Group's core business) was PLN 196 million (€42.8 million), representing a nearly 15% increase year on year. At PLN 632.3 million (€138.1 million), operating profit surged 112% year on year, with a nearly threefold increase in net profit, to PLN 480.5 million (€105.0 million).

Ozan Tuncer has been appointed as the new CEO of Cosmopolis, Opus Land Development's residential compound located near Bucharest. He is replacing Ahmet Buyukhanl, who remains the main shareholder of the company. 

Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm.