Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.
UBM Development Czechia has completed 3 apartment buildings in the Arcus City residential complex on the border of the Stodůlky and Řeporyje districts of Prague. Of the 66 apartments in the second stage, half of the units are currently available for purchase.
Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year.
Grafobal Group Development has received the first permit for the Patio project on Hraničná Street in Bratislava, reports Yimba.sk. The former brownfield is going to change into a mixed-use development.
Czech development group UDI Group has launched the sale of its residential project in Costa Rica. The group is planning the construction to start at the beginning of next year, investing almost CZK 500 million (€20 million) in the project.
MiddleCap Real Estate is planning to build a mixed-use project New Center Ružinov on the plot of a former department store in Ružinov, Bratislava, reports Yimba.sk.
Fortim Trusted Advisors has announced the start of apartment sales in the Corallis residential project developed by KÉSZ Romania in northern Bucharest.
The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report.
Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year.
The EYEmova ophthalmology and training center has joined the tenant roster at Soho by Yareal in Warsaw’s Kamionek district, occupying over 500 sqm. The opening of the EYEmova center in Praga-Południe is scheduled for June this year.
RPHI Romania secured approximately 9,000 sqm of premium lease agreements in 2025 at Bucharest-based SkyTower. The transactions comprised both new tenancies and expansions from existing occupiers. The tower attracted six new tenants across diverse sectors, including food delivery, insurance management, and cybersecurity.
EPP's Galeria Sudecka in Jelenia Góra is strengthening its offering with lifestyle and service brands, including a newly opened Fit Style gym, the addition of Rituals Cosmetics and Kodano Optyk, and the expansion of Medicine and Wakacje.pl. The new agreements and renewals in Galeria Sudecka cover almost 1,900 sqm of commercial space.
New appointments
Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.
Axi Immo has expanded its Office Agency team to strengthen its presence in southern Poland and Warsaw. Karolina Słysz joins as Head of Regional Markets, bringing 10 years of experience to lead efforts in Katowice, Kraków, and Wrocław. Elżbieta Golik has been appointed Associate Director, leveraging over eight years of expertise in tenant representation. In Warsaw, Filip Kowalski joins as Associate Director, focusing on lease negotiations. Additionally, Anna Piłka-Sutkowska has been promoted to Advisor following four years with the firm. To support these transitions, Natalia Majsterek has been hired as Office Department Coordinator.
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