News - Corwin completes first project in Slovenia, plans expansion
23
Jan
2024

Corwin completes first project in Slovenia, plans expansion

by Property Forum
Corwin has announced the completion of its first residential complex in Ljubljana, which is also the company’s first investment in Slovenia. After the completion of 236 apartments, Corwin revealed plans for the development of another 1,600 apartments in the same city in the next decade.
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News - Petre Niculae invests €40 million in Bucharest resi project
22
Jan
2024

Petre Niculae invests €40 million in Bucharest resi project

by Property Forum
Romanian entrepreneur Petre Niculae, the owner of several construction and real estate companies, has recently started the construction of a new residential complex in Bucharest that will feature 750 apartments.
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News - YIT launches next steps of Prague project
18
Jan
2024

YIT launches next steps of Prague project

by Property Forum
Developer YIT has launched the construction and sale of the new Sija Kamýk project in Prague 12. The development of the project is revitalizing the former brownfield used as a building site and later as office buildings in the Praha-Kamýk district.
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News - Penta moves ahead with residential project in Bratislava
18
Jan
2024

Penta moves ahead with residential project in Bratislava

by Property Forum
Developer Penta Real Estate has obtained the building permit for the next stage of its Bory residential zone, YIMBA.sk reports. The permit is not valid yet, however, the whole permitting process has run at full speed in this case.
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News - Residential developers in Brno expect buyers back in 2024
17
Jan
2024

Residential developers in Brno expect buyers back in 2024

by Property Forum
The residential segment in Brno has booked rather not a positive record. Data from the real estate company Trikaya, as e15.cz reports, are speaking clearly: while 1,192 apartments in new buildings were sold on the Brno market in 2021, last year it was only 492. This is the least in the last 10 years.
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News - Mortgage costs in Romania rank among most accessible in EU
16
Jan
2024

Mortgage costs in Romania rank among most accessible in EU

by Property Forum
Home buyers in Romania have among the lowest instalment payments for mortgages across the EU, according to a SVN Romania report.
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News - Skanska sells third of Prague residential project
10
Jan
2024

Skanska sells third of Prague residential project

by Property Forum
The second stage of Skanska's project Modřanský cukrovar (Modřanský sugar factory) in Prague is offering 126 apartments in four sections. Currently, 35% of the apartments in the second stage have been sold, reports Newstream.cz.  
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News - Edelstein Group starts resi project in Cluj-Napoca
09
Jan
2024

Edelstein Group starts resi project in Cluj-Napoca

by Property Forum
Edelstein Group has started the development of a new residential complex in Cluj-Napoca that will be completed in three phases following an investment of €60 million.
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News - Releven secures construction permit for €220 million Vilnius project
09
Jan
2024

Releven secures construction permit for €220 million Vilnius project

by Property Forum
Vilnius-based developer Releven has announced the receipt of a construction permit for the Horizontai project on the right bank of the River Neris at 59 Lvivo Street. With an estimated cost of €220 million, the Horizontai project aims to shape the landscape of the Central Business District (CBD) in Vilnius.
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News - Penta moves ahead with €200 million project in Bratislava
08
Jan
2024

Penta moves ahead with €200 million project in Bratislava

by Property Forum
Plots with a total area of ​​4.5 ha at the intersection of Vajnorská and Odborárská streets in the neighbourhood of Istrochem in Bratislava were acquired by Penta Real Estate for an unspecified price in 2022. Through its subsidiary UNL, Penta has now submitted its investment plan to the authorities for an environmental impact assessment, reports DenníkN.
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Latest news


New leases

  • Griffes has announced the leasing of 6,000 sqm of office space in Bucharest-based Unirii View. Out of the total volume, 2,000 sqm represent new tenants joining the tenant roster, while three tenants expanded operations and grew their space take-up in the building.
  • The first Gorąco Polecam store in Lubin has opened at BIG Lubin retail park. The new 151 sqm unit is in a newly designed development building featuring a large 160 sqm patio.
  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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