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.

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.

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.

Park Properties has purchased two land plots on the shores of Pipera and Balotesti lakes near Bucharest, where it plans to start two new residential developments with an estimated value of more than €40 million.

The Prague 14 municipal district has managed to start construction on a 30-year neglected area near the Černý Most metro station. It was only possible when the municipality took over the area affected and was able to improve it. This finally began to happen in mid-September this year, when the construction of a new modern multifunctional building started on the site. What is new is that the Prague 14 councillors at their December meeting approved the conclusion of a contract for the construction and financing of the building with the company Dostupné bydlení České spořitelny (Affordable Housing Česká spořitelna, DBČS). The latter will invest CZK 200 million (€8.156 million) in the project. The total cost of the project is estimated at €25.7 million.

A multifunctional complex called Nový Majerhof is to be built in the Vrakuňa district of Bratislava, as TASR informs. The investor, Malý Dunaj Development, submitted the project for environmental impact assessment (EIA). Estimated investment costs are approximately €50 million.

Speedwell says it has completed the construction works for the first 123 apartments in the mixed-use urban regeneration project Paltim, based in Timișoara. The delivery of the apartments is expected in Q1 2024.

Lucian Butnaru, the owner of the SelfPay payment company, has started two build-to-rent projects in northern Bucharest that will target renters in the premium residential segment.

The EHQ multifunctional complex on Bottova Street in Bratislava by local developer Immocap, consisting of an office and a residential part, was submitted for an environmental impact assessment (EIA), YIMBA.sk reports.

Following the extension of the Eurovea waterfront, JTRE presented its new project in Bratislava. The project called Downtown Yards will transform a former industrial site into a residential area. Sales and construction will start next year, and the project already has a building permit.