Trei Real Estate GmbH has obtained the building permit for its first rental housing development in Poland. Named UP2U and consisting of three buildings, the development will create a total of 460 one- to three-room apartments with a combined floor area of around 20,000 sqm in the immediate vicinity of the town centre of Poznań. 

Bratislava's residential new building market continued in stagnation during the period of Q3 2023. Sales remained at the same low level as in the previous two quarters, meaning fewer than 200 apartments were sold. The supply of new apartments increased only slightly, with a similarly slow rise in price to €5,100/sqm incl. VAT. The price increase is due to the arrival of new apartments in the higher housing segment while the average price of existing projects remains unchanged, reported analysts from Bencont Investments.

The first residents will move into Creditas Real Estate's Nové Boroviny residence near Kladno (30 km north of Prague) in early 2024. In the first stage of the project, there are 161 flats with layouts from 1+kk to 4+kk, some of the flats have already been sold. 

Developer UDI Group will launch a residential development in Prague directly opposite the Lužiny metro station. With an investment of more than CZK 1.3 billion (€52.6 million), two apartment buildings will be built here to complement the shopping centre, in line with the original plan from the 1980s. 

The Garden Lofts boutique project in Prague 5 with luxury apartments has been approved. New owners will be able to move in during the autumn. The lofts also include access to a private multi-purpose garden with greenery, seating, workout area and a garden pool. The exclusive sale is being handled by Luxent - Exclusive Properties. 

In Poland, on average, only 1 out of 100 students can expect a place in a modern dormitory. In Europe, approximately 15% of students can secure accommodation in dormitories. According to JLL research, the current unmet demand for student beds in dormitories reaches 4.7 million in the largest European cities. Poland, with 1.2 million students, ranks sixth in Europe in terms of the potential market for student accommodation operators, not far behind Spain and Italy.

Roughly 280 apartments, but also new amenities. These are the two basic parameters of the R66 multifunctional complex from development company Corwin. The company has built and managed the Guthaus project in its neighbourhood on Račianska Street. Only a few tens of meters towards Rača, it also owns a large area of the former Palma factory, where a new local centre should be built.

Nusco Imobiliara has secured the construction permit for the second phase of its Nusco City mixed-use scheme based in northern Bucharest. 

Romanian real estate developer HILS Development will launch a new residential project in Bucharest. The complex will be developed based on an Urban Zoning Plan (PUZ) that has previously been secured by retailer IKEA. 

Romanian Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance, is expanding into the residential category, with sales & marketing services.