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.
Cushman & Wakefield has been appointed by BPi Polska an exclusive agent for the mixed-use project Bulwary Książęce in Wrocław. Bulwary Książęce is located in the centre of Wrocław on Księcia Witolda Street on Kępa Mieszczańska island near Pomorski Bridge, in close proximity to the Old Town. It will contribute towards reviving the Odra Boulevard in this part of the city. The complex, which will be developed over two phases, comprises a retail and services part as well as 347 residential units, including premium flats and apartments.
108 Agency has mediated a lease of 7,700 sqm for the company DSV Solutions in Prologis Park Prague-Airport. DSV Solutions provides and manages supply chain solutions.
TECH LIGHT, a manufacturer and designer of LED lighting profiles, has relocated to Panattoni A2 Warsaw East Park, situated next to Stary Konik junction near Warsaw. The tenant moved into 1,200 sqm of warehouse and office space already in August. AXI IMMO provided comprehensive advisory services for TECH LIGHT.
Eli Lilly has extended its office lease of 900 sqm in Bucharest Business Park. The pharmaceutical company has been a tenant in the project since 2006. The office complex is owned by CA Immo. Real estate consultancy CBRE worked on the lease extension.
From mid-October this year, Kornél Kalapács is taking up the position of Managing Director of Codic Hungary, the company announced. With around 30 years of experience in real estate development and construction, he will strengthen Codic's Hungarian subsidiary, which will hand over the Green Court Office A building under his management next month.
Mateusz Gołembiewski will head up JLL's HR organisation in the CEE and Russia region. He has 15 years of experience in developing company strategies and operations in this field, and will lead the HR teams in Poland, the Czech Republic, Romania, Slovakia, Hungary and Russia.
The Urban Land Institute (ULI) has announced the appointment of Søren Rodian Olsen, managing director of Logicenters at NREP as chair of ULI Poland. He succeeds Dorota Wysokińska-Kuzdra, senior partner at Colliers, and officially began his voluntary two-year term on 1 October 2021.
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