Echo Investment has finalized the purchase of three plots of land from companies belonging to the Tesco group in Poznań, Łódź and Kraków. A total of approx. 240,000. sqm of modern residential, office as well as shopping and service space may be created on these plots.

Real estate developer Hagag Development Europe extends its collaboration with Global Vision. In addition to the property management of the developer’s office building H Victoriei 109, Global Vision will provide property management services for the residential project H Pipera Lake.

One United Properties will develop a residential project in the Modrogan area, near Kiseleff Park and Aviatorilor Boulevard, a historic location within Bucharest.  

The availability of housing in Prague has slightly improved this year, but it is still incomparably worse than in the surrounding metropolises. The inhabitants of Prague have to work 13.9 years for an average 70 sqm apartment. In Vienna, for example, such a purchase only cost 8.7 annual salaries. Compared to last year, a slight improvement was registered in 2020, but the effect of the coronavirus crisis has not yet been reflected in wage statistics, according to Czech residential developer Central Group.

Belgian real estate developer Liebrecht & wooD has launched the Liziera de Lac residential project near Lake Tatarului, located in Calarasi county, southeast of Bucharest. The first residents will be able to move in Q4 2021.

The Dutch investors that own the Eurocooling logistics centre in eastern Bucharest have applied for approval of a zoning plan for the development of a residential project, economica.net reports. The owners plan to build a residential complex with approximately 1,200 apartments.

Echo Investment plans to deliver a 1,200-apartment residential project with retail components and social space in Warsaw’s Służewiec district. The plot on which the project will be built is the subject of a preliminary purchase agreement by Echo Investment from Immofinanz. Construction works could start in the middle of next year.

Polish developer Capital Park has concluded a preliminary agreement for the purchase of two plots in Gdańsk with a total area of 1.3 ha on the Polski Hak part of Gdańsk’s port area. At the site, Capital Park is planning a residential development with retail and services functions, as well as public recreational space. The seller and the transaction price have not been disclosed.

Nusco Imobiliara, one of the largest real estate developers in Romania, named Crosspoint Real Estate as a sales agent for its newest residential project, Nusco City, located in the capital’s Pipera area.

Hungary’s rental property market had an uneven month as prices were on average 5% lower than a year earlier according to the joint Rent Index of the Central Statistical Office (KSH) and real estate portal ingatlan.com. Rents were down 0.7% compared to August in Budapest in September, the last month of the season, while prices in other regions in Hungary remained level.