ARTICLES IN Residential  TOPIC

News YIT turns former factory in Prague into lofts
06
Dec
2022

YIT turns former factory in Prague into lofts

by Property Forum
YIT has approved the residential project Parvi Cibulka, which was created by revitalising a former factory in Prague 5 into loft-type housing. Only less than a third of the 150 units are left to be purchased. The building also includes nine non-residential premises.
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News BC Real to build 1500 flats in former paper mill in Pilsen
06
Dec
2022

BC Real to build 1500 flats in former paper mill in Pilsen

by Property Forum
The Plzeň-based development group BC Real has started construction of 1,500 flats on a brownfield site in the former paper mill near the Radbuza River in Plzeň. It is the largest private residential project since 1989, the ČTK reported.
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News Prague 6 agrees on new district with residents and Crestyl
06
Dec
2022

Prague 6 agrees on new district with residents and Crestyl

by Property Forum
The industrial area of the former Aritma industrial building in Prague's Vokovice will be replaced by a residential district with park areas. After several years of negotiations, the Prague 6 municipal district, representatives of the local residents and the investor, Crestyl, have agreed on this. In addition to the construction of new villas and family houses, the agreement includes extensive compensation for local residents, announced Jakub Stárek, the mayor of the district.
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News YIT to build flats outside Prague for the first time
02
Dec
2022

YIT to build flats outside Prague for the first time

by Property Forum
The latest plans of YIT include residential construction outside of Prague. The company plans to gradually build 800 apartments on the outskirts of Kladno within 12 years, e15.cz reports.
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News Details emerge of Mega Mall resi expansion in Bucharest 
02
Dec
2022

Details emerge of Mega Mall resi expansion in Bucharest 

by Property Forum
Mega Mall, the shopping centre in Bucharest owned by NEPI Rockcastle, will be expanded with new stores and a residential component that will include around 180 apartments. 
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News JTRE tops out Eurovea Tower in Bratislava
01
Dec
2022

JTRE tops out Eurovea Tower in Bratislava

by Property Forum
Most of the crown that constitutes the architectural and compositional peak of the Eurovea Tower residential development by JTRE has reached its final height of 168 metres. Only the crown, the façade on the upper five floors and the residential interiors remain to be completed in Slovakia’s tallest building. The entire project is planned to be finished next summer.
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News Hungary’s residential market continues to cool down
01
Dec
2022

Hungary’s residential market continues to cool down

by Property Forum
Duna House Group published its monthly Transaction Number Estimate, according to which 8,000 residential properties changed hands nationwide in November 2022. This value represents the weakest month this year, a 4 percent drop compared to the previous month and a 27 percent drop compared to November last year.
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News Prague housing supply still doesn’t meet demand
01
Dec
2022

Prague housing supply still doesn’t meet demand

by Property Forum
When it comes to residential real estate assets, Czechs are oriented largely towards an ownership model. The ratio of owner-occupied to rented apartments in Prague, for example, is approximately 70:30, similar to the EU27 average. Still, the Czech Republic is somewhat behind more advanced markets in terms of market evolution towards new trends. However, with the shift to hybrid working, intense talent searches, and the growth of the business services sector, Prague and other large Czech cities will need more flexible housing solutions soon. The average bid price for a newly built apartment in Prague was approximately CZK 155,000 per square meter during Q3 2022. This represents an increase of 7% since the start of the year, according to an analysis done by Colliers.
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News AFI Europe to build 172 more rental flats in Prague
01
Dec
2022

AFI Europe to build 172 more rental flats in Prague

by Property Forum
The AFIhome Karlín rental residence project with 172 apartments from AFI Europe has been approved. This is the second rental housing project by AFI Europe, this time for CZK 1 billion (€41 million). The apartments will be available for move-in in spring 2023, the developer announced.
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News Homes sales in Bucharest up 9.16% on 10 months 
29
Nov
2022

Homes sales in Bucharest up 9.16% on 10 months 

by Property Forum
Over 52,000 homes were sold in Bucharest and its surroundings in the first ten months of 2022, up 9.16% compared with the similar period from 2021, according to data published by the National Agency for Cadastre and Land Registration. 
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Latest news


New leases

  • Polish brand Homla has opened its shop in Alfa Centrum in Białystok (eastern Poland). The store will occupy 275 sqm.
  • Maidan rented a 1,460 sqm space in the Bucharest-based Dageco Expozitiei Estate complex, for three functions: the company's offices, an event hall with a capacity of 170 people and the central catering kitchen. The lease was overseen by Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
  • Vattenfall IT Services Poland will move to Grundmann Office Park A. It will occupy approximately 2,600 sqm in the Katowice office building owned by Cavatina Holding.

New appointments

  • Ewelina Szczepaniak joins the office space leasing team of CPI Property Group in Poland as Leasing Manager – Offices. She will strengthen a department responsible for the lease of 20 office buildings in Warsaw with a combined area of 516,000 sqm.
  • Julia Faltus-James, an accredited professional in WELL, ActiveScore and “Green Home” certifications, and Szymon Krawczyk, an energy transition expert, have joined the Strategic Consulting & ESG Advisory team of Cushman & Wakefield.
  • Management Board of Globe Trade Centre has announced that on the 3rd of December, the company received a written statement from György Stof on his resignation as a Member of the Company's Management Board.

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