One United Properties, a real estate developer specialised in Bucharest residential property, will issue €20 million worth of 4-year bonds through private placement, fully funded by co-management by Credit Value Investments in Poland. The money will be spent on the company existing and new residential developments.
A new concept of modern living for students and young professionals in Brno has opened its doors. DOMEQ offers 159 rooms and apartments for 309 residents. It is located in Ponávka Business Park and a part of the residency will be allocated specifically to students and interns from the local firms in the area. On behalf of CTP, the building will be run by the agency Foreigners.cz.
Residential markets are on the rise all over Europe. There are barely any countries where prices haven’t begun to increase since the crisis. Property Forum took a closer look at the Central and Eastern European region, to see which countries have seen the highest growth. Croatia is one of the countries where prices began to grow later rather than sooner, but this means that it may become a new hotspot for investors looking to profit from house price growth in the region.
A new residential complex, comprising 1,000 apartments in four phases, is being built in the Domenii area of Bucharest, requiring a total investment volume of €80 million. The developer of the scheme is DVD Residential Imobiliare, owned by businessmen Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).
Following the expansion in Budapest, Krakow and Warsaw, Cordia has re-entered the Romanian capital with a 400 apartment development. Futureal Group’s residential subsidiary acquired 13 plots with a total area of 15,336 sqm in Bucharest where the project will be developed.
The number of transactions on the Hungarian housing market totalled 128,386 last year, down by about 5% compared to 2015. This, however, is not a sign of a weak market, as it rather reflects an upturn in the sector for new homes. Buyers have been signing a huge number of pre-contracts directly with the developers and that will appear in the statistics only when the properties are taken into use, i.e. in about one or two years.
Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.
Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.
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