Romanian developer Novum Invest will invest in luxury homes as part of an expansion of its Novum by the Sea resort in Olimp. 

Construction of the Római Part residential park by Hungarian developer WING’s umbrella brand Living is already underway just off the riverbank of the Danube in Budapest. The 257-unit complex is the closest residential development of this size to the river.

Indotek Group’s first large-scale residential project in Budapest, Buda Bright, was launched in March 2021 and is planned to be handed over at the end of next year. 

Architecture and design studio Obermeyer Helika has completed the documentation for a building permit for its latest residential building, Semerínka. The project, which is expected to start building in Prague 5 in 2023, will include not only apartments and garage parking but also a community garden, Obermeyer Helika announced today.

Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand. 

The City of Prague plans to improve conditions for real estate developers by lowering the number of mandatory parking places in residential and office buildings. Thanks to a new legal amendment, they will no longer have to build a mandatory garage space for each apartment. The amendment, which will now be open for 45 days for comments, would help real estate investors and developers, as well as those who want to do extensive reconstruction, writes E15.cz.

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

Hungarian residential developer Cordia, a subsidiary of Futureal Group, will soon launch a new large-scale district renewal development in Budapest. 

The PRS market accounts for a mere 1% of all rental flats in Poland. Despite being in its infancy, it is likely to become a strong investment alternative and gain popularity in light of the current macroeconomic conditions and challenges facing the housing sector. The latest report prepared by experts of CRIDO and Savills looks at what’s next for this commercial real estate sector in the coming years and legal and tax issues that an investor needs to take into account in investment planning.

Kajima Student Housing and Griffin Capital Partners have completed the development of a 795-bed Student Depot dormitory in Kraków, its largest residential scheme in Poland since the partnership entered the Polish market in 2019. The construction of the 11-storey, 25,000 sqm building took 17 months, making it one of the fastest large-scale residential developments with fit-out completed in Poland.