Kid Group invests €35 million in Bucharest apartments

09
Dec
2021
News - Kid Group invests €35 million in Bucharest apartments #Bogdan Ghiță #Bucharest #energy #Kid Group #nzeb #Romania #sustainability

by Property Forum | Residential

Kid Group has kicked off the development of a new residential complex in northern Bucharest following an investment of €35 million. 


The project Yacht Kid will comprise over 200 apartments, including four penthouses and seven apartments with private pools and gardens. 

“We are confident in the state-of-the-art solutions that we want to apply in our developments, so as to bring to the Romanian market efficient, environmentally friendly buildings that offer living spaces with multiple advantages, from lower utility costs to maximum safety for residents and a superior living environment,” said Bogdan Ghiță, Co-founder of Kid Group. 

The company will use prefabricated walls with ventilated facades and intelligent sealing and waterproofing features so that the project will meet the new nZEB (nearly Zero-Energy Building) requirements. 




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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