The new residential project Rezidence Radimova Břevnov will start construction in April in Prague 6, a few minutes from Prague Castle. The developer Geosan Development has now received a building permit and plans to start construction within a month. The residence should be completed within two years, the developer announced today.  

AFI Europe Romania says that all its office portfolio comprising seven projects has received the Well Health-Safety Certification.  

The crisis caused by rising energy prices worldwide could give a new impetus to the proptech sector which would make the real estate market more efficient through smart digital solutions. In addition to reducing costs, technology increases efficiency, contributes to sustainability and even offers alternative revenue opportunities. ProptechZoOm.com has conducted a comprehensive analysis of the present and future of the Hungarian digital real estate sector by interviewing proptech industry players.

Czech investment company REICO investiční společnost České spořitelny, a.s. (REICO IS ČS) as of February has appointed Savills as property manager for its Prague office complex Bořislavka. Savills will work in cooperation with Active Retail Asset Management (ARAM) who will manage the retail scheme within the asset.  

Europa Capital and ConvergenCE have announced the new brand identity of the recently acquired Akadémia Business Center in the heart of Budapest. Alongside the launch of the refurbishment works, the riverside building will be rechristened Academia, as a vital part of its transformation and repositioning.

With around 122,000 sqm of new industrial space under development in Romania, WDP is seeing growing demand across its entire portfolio. Property Forum talked to Gijs Klomp, Business Development Manager at WDP Romania, about the new demand drivers and the investment potential in areas where infrastructure development is accelerating.

The pan-European real estate investment manager will invest in the logistics sector in partnership with White Star Real Estate.

Meininger continues its expansion with the signing of the contract for a 135-room hotel in Kraków, Poland. The deal in partnership with Polish developer Fronton follows another signing in Warsaw. The opening of both hotels is planned for 2023.

The City of Prague intends to provide rental apartments for firefighters, teachers, police officers and other necessary professionals in the next ten years with massive construction of public housing.  Last year, the city established the Prague Development Company (PDS), which is to prepare construction on city plots, the municipality announced.

Evergent Investments, a financial company listed on the Bucharest Stock Exchange (BVB), has announced the development of a new mixed-use project in Iași with an estimated value above €100 million.