ARTICLES IN Residential  TOPIC

News Bulgaria’s residential market enters period of caution and balance
12
Jun
2023

Bulgaria’s residential market enters period of caution and balance

by Property Forum
In 2023, the residential real estate market in Bulgaria is expected to remain calmer and more balanced than during the dynamic previous year. According to real estate agency Arco Real Estate, the forecast is for a slight cooling of interest due to factors such as inflation, the change, and the rise in mortgage rates, as well as the ongoing war in Ukraine.
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News DRFG to build multifunctional complex in Brno
07
Jun
2023

DRFG to build multifunctional complex in Brno

by Property Forum
Investment group DRFG has announced the acquisition of the new multifunctional development project Tři Dvory, with a market value of CZK 1 billion (€42.3 million). The project will be located on the site of a former royal mill on the outskirts of Újezd u Brna, in close proximity to the Stara Hora vineyards. Construction is due to start in spring 2024 and final completion is planned for spring 2026. 
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News Two investors buy project with 300 affordable flats in Prague
07
Jun
2023

Two investors buy project with 300 affordable flats in Prague

by Vera Tumova
One of the first private-sector affordable housing projects in the Czech Republic, Opatov II with 300 flats in Prague 11 by developer Sekyra Group, has reportedly been sold. The transaction has not yet been announced by the buying parties, but credible sources have confirmed it. The transaction was also confirmed by an advisor to the selling party. According to the information available, part of the flats are to be acquired by the insurance company Kooperativa from the Vienna Insurance Group and part should be bought by Dostupné bydlení České spořitelny (subsidiary of Česká spořitelna bank) as the company's second housing project in Prague. The transaction amount has also not yet been disclosed.
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News Prague approves construction of 300 PDS flats
06
Jun
2023

Prague approves construction of 300 PDS flats

by Property Forum
The Prague City Council has approved the investment preparation of the Beranka residential project in Prague Horní Počernice. The construction of 300 flats on an area of 63,000 sqm is being prepared under the management of the Prague Development Company (PDS). Architectural competition and tenders are being prepared. PDS plans to build between 2025 and 2030.
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News Building apartments for sale now makes more sense than for rent
05
Jun
2023

Building apartments for sale now makes more sense than for rent

by Michał Poręcki
Although not long ago the PRS market seemed to be the obvious choice, thanks to the sudden improvement in economic conditions and the optimism of buyers, the construction of apartments for sale in Poland is today a more profitable solution - this is the main conclusion of a panel discussion at Living Investment Forum 2023, an event organized by Property Forum in Warsaw in May.
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News Cavatina Group to build 10,000 rental apartments
02
Jun
2023

Cavatina Group to build 10,000 rental apartments

by Property Forum
Cavatina Group S.A. has established a company that will be responsible for the construction and management of a portfolio of PRS projects located in the largest cities of Poland. Alongside Cavare S.A., the group includes Cavatina Holding S.A., a publicly traded company and one of the largest office developers in Poland, Resi Capital S.A., focusing on the residential sector, and CTank S.A., the entity responsible for land acquisition and comprehensive project preparation for the Group and external investors.
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News Volume of housing transactions rises again in Hungary
01
Jun
2023

Volume of housing transactions rises again in Hungary

by Property Forum
After several months of declining the number of residential property transactions concluded in Hungary has risen in May. Mortgage lending also showed signs of recovery, brokerage firm Duna House reports. 
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News Synapsis Property Ventures to build 37 family houses in Bratislava
01
Jun
2023

Synapsis Property Ventures to build 37 family houses in Bratislava

by Property Forum
Bratislava-based investor-developer Synapsis Property Ventures is preparing a set of 37 family houses, with the aim of creating community family housing, near the Slovak capital’s Knižkova dolina area. Each house will have approximately 140 sqm of net usable area. The estimated investment of the project is €20 million.
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News STC Partners reaches 50% sale rate for resi project in Bucharest
31
May
2023

STC Partners reaches 50% sale rate for resi project in Bucharest

by Property Forum
STC Partners has reached a 50% sale rate for the first phase of its residential project Quartier Azuga, which is under development in Bucharest. 
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News Student Depot builds additional dormitories in Warsaw and Łódź
25
May
2023

Student Depot builds additional dormitories in Warsaw and Łódź

by Property Forum
Student Depot plans to complete two new investments in Warsaw and Łódź in the autumn. Both student residences will open at the beginning of the academic year 2023/2024, thereby increasing Student Depot's portfolio by nearly a thousand beds. The new residents will find fully furnished rooms, coworking areas, multimedia rooms, as well as fitness zones.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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