ARTICLES IN Residential TOPIC

News Decline in residential transactions continues in Hungary
02
Jan
2023

Decline in residential transactions continues in Hungary

by Property Forum
December was the weakest month in 2022 in terms of sales and loans taken out to buy homes, local brokerage firm Duna House (DH) reports.
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News AFI Europe completes third rental housing project in Prague
22
Dec
2022

AFI Europe completes third rental housing project in Prague

by Property Forum
AFI Europe has completed its third rental housing project in Prague this year. AFIHome Kolbenova, the first apartment building in the new multifunctional district AFI City in Prague 9, has now been approved.
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News Czech UDI Group to build 2300 flats in Belgrade
20
Dec
2022

Czech UDI Group to build 2300 flats in Belgrade

by Property Forum
UDI Group, an international development group with Czech roots, is planning a massive construction in Belgrade, Serbia. It plans to build the Duga project with 2,320 apartments and 40,000 sqm of offices on the site of a former factory for almost €392 million. Construction is expected to start next year, UDI Group reported.
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News Home prices in Romania slightly fall in November 
20
Dec
2022

Home prices in Romania slightly fall in November 

by Property Forum
Average asking prices of new and old apartments in Romania fell by 0.2% in November compared to the previous month to €1,704 per sqm, with Constanța, Iași and Cluj-Napoca recording slight gains of prices, according to Imobiliare.ro. 
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News Ideal Residence Developer to start villa complex near Bucharest 
19
Dec
2022

Ideal Residence Developer to start villa complex near Bucharest 

by Property Forum
Romanian property company Ideal Residence Developer has announced the launch of Marina Snagov comprising 33 luxury villas on the shores of Snagov lake near Bucharest. The company will invest over €12 million in the complex that is slated for delivery at the end of 2024.
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News Hungary's Living to start new resi projects in Budapest
19
Dec
2022

Hungary's Living to start new resi projects in Budapest

by Property Forum
Hungarian developer Wing launched its umbrella brand Living 5 years ago. Nine residential development were started, and over 1,200 apartments have been sold so far. The company also has several other developments in the pipeline.
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News Rock Development starts new phase of Bucharest resi project 
19
Dec
2022

Rock Development starts new phase of Bucharest resi project 

by Property Forum
Romanian company Rock Development has started the construction of the second phase of Avrig Park Residence in Bucharest with an investment budget of €23 million. 
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News Pedro Construct to invest €20 million in Jolie Village near Bucharest
16
Dec
2022

Pedro Construct to invest €20 million in Jolie Village near Bucharest

by Property Forum
Pedro Construct, one of the largest construction companies in Romania, led by businessman Petre Niculae, is developing - together with his associate Florin Ababe - a new residential assembly in the north of the capital, Jolie Village. The investment in the project is estimated at €21 million and for €12 million, the company has obtained financing through Libra Bank.
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News PSN to build 150 lofts in a former factory in Prague 4 
08
Dec
2022

PSN to build 150 lofts in a former factory in Prague 4 

by Tumova Vera
Another residential project worth more than a billion crowns (€41 million) is being completed in Prague. This time PSN is building 150 luxury lofts in the former Microna aerospace factory in Prague's Modřany district. The Vanguard project is expected to be completed next year, PSN CEO Max Skala said.
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News Skanska to build apartments in Prague 9 for €41 million
08
Dec
2022

Skanska to build apartments in Prague 9 for €41 million

by Property Forum
The area of former factories and industrial halls in Prague 9 will be transformed into a modern urban district. Skanska is now planning to invest more than CZK 1 billion (€41 million) in the Alfred apartment building there. The building, which is part of the second phase of the construction of the district of industrialist Emil Kolben, is expected to be completed in 2025, reports E15.cz.
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Latest news


New leases

  • Industrial developer CTP has leased 2,800 sqm to the food supplements manufacturer Sun Wave Pharma in the industrial park CTPark Bucharest South, located in southern Bucharest.
  • INATECH Packaging, the protective packaging and insulating materials supplier, has leased 2,300 sqm of office and warehouse spaces in CTPark Oradea Cargo Terminal.
  • SIDE GRUP, the Romanian distributor of cleaning and hygiene, has leased 1,500 sqm in CTPark Oradea Cargo Terminal. The deal was brokered by real estate consultancy JLL.

New appointments

  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.
  • Michał Kloch was appointed as Cost Management Lead, Poland in the Project & Development Services team of Cushman & Wakefield with effect from 1 March. In his role, he heads a team of quantity surveyors and is responsible for oversight of construction costs during all project delivery phases and for preparation of cost analyses and reports.
  • Two people have joined the REINA Company. Since February this year, Michał Baranowski acts as Business Development Manager and Joanna Turalska supports the work of the team as Leasing & Team Coordinator. REINA Company specialises in comprehensive transactional and echnical consultancy for organisations using office space.


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