RSBC Development Financing in cooperation with Masák & Partner plans to start a new residential development in the former ČKD factory in Prague Vysočany later this year. The original industrial building should be converted into 215 atypical two-floor apartments, i.e. lofts, within two years for CZK 2 billion (€81.6 million), writes E15.cz.

Will the non-functioning office buildings and shopping centers be taken over by residential buildings? Arguments for and against this measure are listed by Piotr Łopusiński, Associate Director, Investment at Avison Young Poland.

US-owned Bucharest Properties REIT has appointed real estate consultancy Colliers to provide full corporate leasing services for Vitan Estates, Bucharest's first residential development exclusively for rental.

Property developer STC Partners has obtained the building permit for both phases of the Quartier Azuga residential complex, along with the Green Homes pre-certification and will start construction works for the first phase this autumn. 

A neglected plot of land in Prague 5 has now been newly acquired for billions of crowns by Austrian developer UBM. It plans to build 150 flats there. It wants to start building next year, but the project is still in the planning process. The developer has not disclosed the purchase price, the seller or the details of the construction, writes E15.cz. 

Romanian property company Impact Developer & Contractor has completed a new phase in its Greenfield Băneasa project in northern Bucharest. The recently delivered phase has a market value of more than €16 million.

Residential developers have been the most active in terms of land acquisitions in the past 2.5 years, as they secured land plots which allow the construction of more than 30,000 units in all parts of Bucharest, according to data from real estate consultancy Cushman & Wakefield Echinox. 

Property developer Prime Kapital has obtained the construction permits for the second and third phases of the residential component of Silk District, the mixed-use scheme located in Iași. 

YIT Slovakia wants to improve and transform another abandoned area in Bratislava's Ružinov district. With the new residential complex on Hraničná Street, it wants to build on its other projects in this part of the city. In the first phase, it plans to build an apartment building with 92 flats and a hotel with 72 accommodation units, construction of which should start in 2025, the company announced.

Prices in Belgrade’s residential market are still showing double-digit increases compared to the previous year. Local real estate consultancy Cordon published a report summarising the key trends driving Belgrade’s residential market in Q2 2022.