The international property management company, MVGM Group took under management the NorthLight Residence residential complex in Bucharest with a total of 110 apartments and developed by InteRo Property Development.
Alesonor, the developer of the green residential complex Amber Gardens, obtained the PUZ for Amber Forest, a project with over 500 green villas and 200 green apartments near Bucharest. The zonal urban plan, PUZ in Romanian, is necessary for the process of obtaining the construction permit
Warsaw' city centre is to be the home co-living specialist Vonder's latest project, UpTown by Vonder, which will comprise 113 brand new rental apartments. The new project joins UpRiver by Vonder, the brand’s flagship site in the Polish capital, which officially launched last year and will see the fifth stage of the development complete this month.
Hungarian lender OTP Bank is providing the largest project financing loan to date for the development of the Duna Terasz Grande apartment complex in Budapest. According to the financing agreement signed recently, OTP provides a HUF 23 billion (appr. €62.8 million) loan for developer D&B Ingatlanfejlesztő-Group. The 790-apartment project is the largest waterfront residential development in the 13th district. It will be handed over in 2023.
There were 14,569 residential property deals made in Hungary in February 2021, according to the latest monthly transaction estimate by real estate group Duna House. This marks the highest transaction number of the past ten years. This many homes have not changed owners in a month since early 2011.
Romania Sotheby’s International Realty announced revenue growth of 127% in 2020. Sotheby’s International Realty entered the Romanian market in July 2020 through the association with Artmark Historical Estate, a company founded in 2014 and which belonged to the Artmark group.
Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.
Kontri Sp. z o.o., an e-commerce company has decided to lease a 2,800 sqm warehouse and office space in a private distribution centre near Białystok in Poland, owned by the Dutch investor Duif Real Estate Sp. z o.o. AXI IMMO was responsible for comprehensive tenant service.
At the beginning of July, Aleksandra Gawrońska will take up the position of Head of Residential Research at international advisory company JLL. Aleksandra has ten years’ experience in the areas of consulting and complex real estate analysis. Before joining REAS (now part of JLL) in 2018, she worked at Colliers International, where she was responsible for publications, reports and analyses of the office market in Poland.
JLL in the Czech Republic announced the appointment of Steffen Walvius as Head of Sustainability Services and ESG. In his new role at JLL, Steffen Walvius will help clients with building on their own sustainability performance. JLL will thus offer this service as the first provider on the Czech real estate market.
Gabriella Sasvári has been promoted to Managing Partner of Horizon Development's Board of Directors in Hungary. As Development Director, she also dedicates her time to important property development projects including Promenade Gardens, Szervita Square Building and ParkSide Offices.
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