ARTICLES IN Residential  TOPIC

News PSN wants to build 3,000 flats in Czech cities
08
Feb
2022

PSN wants to build 3,000 flats in Czech cities

by Property Forum
In 2021, PSN has grown not only in the number of collaborators but also in the number of projects and new acquisitions. It sold 294 units for CZK 1.5 billion and completed over 800 leases worth CZK 70 million. PSN's plans for the next five years include the construction of 3,000 new apartments worth CZK 11 billion and it plans to invest another CZK 10 billion in land acquisitions.
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News Koh-i-Noor factory in Prague to be transformed into 550 flats
03
Feb
2022

Koh-i-Noor factory in Prague to be transformed into 550 flats

by Property Forum
The Czech patent and pins factory owned by Koh-i-Noor Waldes is moving out of Prague after 120 years. Due to the merge with Massag factory the company is heading to Bílovec now. The current owner Pražská správa nemovitostí (PSN) plans to transform the historical factory buildings in the Prague Vršovice complex into a multifunctional project with 550 modern apartments and shops, e15.cz reports.
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News Vox Property Group secures loan for Timișoara resi project
03
Feb
2022

Vox Property Group secures loan for Timișoara resi project

by Property Forum
Romanian Vox Property Group has secured a loan of €10.5 million from CEC Bank that will be used for the completion of Vox Vertical Village luxury residential project in Timișoara. 
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News AFI Europe to build nearly 900 rental flats in Prague
02
Feb
2022

AFI Europe to build nearly 900 rental flats in Prague

by Property Forum
AFI Europe has taken stock of the results for 2021, a year in which it has been fully committed to implementing its new corporate strategy focused exclusively on rental housing. The company is currently constructing four buildings in three residential projects in Prague. It plans to complete the larger part of them this year.
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News JLL: Lower offer is not meeting high demand for new units
02
Feb
2022

JLL: Lower offer is not meeting high demand for new units

by Property Forum
2021 in the residential market in Poland was marked by a deepening imbalance between supply and demand. Developers put up for sale 11,000 fewer units than they sold. Buyers considered flats mainly as a safe capital investment. Had it not been for the pandemic, the slowdown that awaits the Polish residential market in 2022 would have arrived much earlier.
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News Hungary’s residential market off to a strong start to the year
02
Feb
2022

Hungary’s residential market off to a strong start to the year

by Property Forum
Duna House has released its monthly transaction estimate, showing that there were 10,815 residential property transactions in Hungary in January 2022. Although this corresponds to a 3.3% decline over the same month of 2021, it is in the same league as the first months of the years between 2017 and 2019.
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News YIT returns modular residential construction to Prague
31
Jan
2022

YIT returns modular residential construction to Prague

by Property Forum
In the Czech Republic, modular construction has often been used in prefabricated houses in the past. Now, developer YIT is coming up with prefabricated parts in the new residential project Lappi Hloubětín in Prague. Further use of the modules is planned in the Vesi Hostivař project, e15.cz reports.
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News Home sales in Bucharest up 40% in 2021
31
Jan
2022

Home sales in Bucharest up 40% in 2021

by Property Forum
Around 50,000 apartments were transacted on the Bucharest market in 2021, up 40% year-on-year, while some 67,000 new residential units were completed across Romania in the same period, according to a report by real estate consultancy Colliers. 
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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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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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