ARTICLES IN Residential  TOPIC

News Forty Management expects revenues of €80 million in 2022
31
Jan
2022

Forty Management expects revenues of €80 million in 2022

by Property Forum
Romanian developer Forty Management expects a turnover of 397 million lei (€80 million) and a net profit of 188 million lei (€38 million) in 2022, while total investments in residential projects across Bucharest will reach 155 million(€31.3 million).
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News Prima Development delivers €23 million resi project in Bucharest
27
Jan
2022

Prima Development delivers €23 million resi project in Bucharest

by Property Forum
Prima Development Group has announced the completion of the Core Timpuri Noi residential project in Bucharest following an investment of €23 million.
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News Alesonor starts construction of villas near Bucharest
27
Jan
2022

Alesonor starts construction of villas near Bucharest

by Property Forum
Developer Alesonor has kicked off the construction of the first villas in Amber Forest suburb located near Bucharest.
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News Eden Capital Development records sales of over €90 million in 2021
26
Jan
2022

Eden Capital Development records sales of over €90 million in 2021

by Property Forum
Romanian developer Eden Capital Development, which focuses on the Bucharest residential market, recorded total sales of over €90 million during 2021, at an average transaction of over €120,000 for an apartment.
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News Living completes first phase of Budapest resi project
25
Jan
2022

Living completes first phase of Budapest resi project

by Property Forum
Living, an umbrella brand of Wing specialising in residential properties, has completed the first phase of its Park West project offering 229 apartments in District 13 of Budapest. About 700 apartments will be constructed in the residential development project to be carried out in three phases.
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News Art Property to boost residential management operations in Romania
21
Jan
2022

Art Property to boost residential management operations in Romania

by Property Forum
Art Property, the developer of the €20 million Art City residential complex in Bucharest, is looking to expand its presence in the property management field and appointed a new management team to implement the operational plans. 
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News Bratislava’s tallest residential building receives usage permit
18
Jan
2022

Bratislava’s tallest residential building receives usage permit

by Property Forum
Developer J&T Real Estate (JTRE) has completed the almost three-year construction of Bratislava’s tallest residential building and the Klingerka project has been issued a usage permit.
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News Czech Republic registers EU’s strongest house price growth in Q3 2021
14
Jan
2022

Czech Republic registers EU’s strongest house price growth in Q3 2021

by Property Forum
In Q3 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (22%) and a quarter-on-quarter (7.3%) comparison, well above the EU average of 9.2% and 3.1%, respectively, according to Eurostat’s House price index.
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News Nordis Group reports sales of €80.9 million in 2021
14
Jan
2022

Nordis Group reports sales of €80.9 million in 2021

by Property Forum
Romanian Nordis Group, specialized in the development of hotels and residential projects, recorded sales of RON 400 million (around €80.9 million), mainly in the project located in Mamaia.
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News Forty Management to build Romania's highest residential tower
13
Jan
2022

Forty Management to build Romania's highest residential tower

by Property Forum
Romanian developer Forty Management has initiated the authorization procedure for Royal Suites Central District in northern Bucharest, with a market value of €76 million. Once completed, the building will be the tallest residential project in Romania with a height of 122 meters. 
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Latest news


New leases

  • A 200-square-metre Office Shoes store offering branded women's, men's, and children's footwear has opened in the Forum Gdańsk shopping centre. This is the chain's first shop in Gdańsk.
  • IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
  • Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.

New appointments

  • CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
  • Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
  • GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.

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