ARTICLES IN Residential  TOPIC

News Central bank regulation to affect house prices in Romania
25
Oct
2018

Central bank regulation to affect house prices in Romania

by Property Forum
The National Bank of Romania (NBR) reintroduced limits for the maximum indebtedness levels for individuals or families seeking out consumer or mortgage loans. These debt service-to-income (DSTI) ratios will become 40% for RON loans and 20% for hard currency starting in 2019. As per Colliers International Romania’s estimates, for the residential market, the impact in terms of prices will be uneven, geared more towards the low and medium-low segments of the residential market.
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News Speedwell launches residential project in Bucharest
18
Oct
2018

Speedwell launches residential project in Bucharest

by Property Forum
Belgian real estate developer Didier Balcaen is investing €15 million in a residential project called Triama Residence in the National Arena neighbourhood of Bucharest, profit.ro reports.
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News Poland’s Resi4Rent buys four projects under development
11
Oct
2018

Poland’s Resi4Rent buys four projects under development

by Property Forum
Echo Investment has signed preliminary sales agreements with Resi4Rent for four projects under development in Warsaw, Wrocław and Łódź for a combined price of €78.6 million (PLN 338.7 million). The four projects - Browary Warszawskie in Warsaw, Wodna in Łódź, Rychtalska and Kępa in Wrocław – will comprise 1,200 apartments altogether.
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News Hanner’s Bucharest mixed-use project to be completed by 2020
04
Oct
2018

Hanner’s Bucharest mixed-use project to be completed by 2020

by Property Forum
Fosta Fabrica, the restoration and conversion project of the former Grivita brewery in Bucharest, received all necessary permits and it is expected to be completed in 2020 by Lithuanian developer Hanner Group.
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News Chapman Taylor unveils plans for Budapest mixed-use project
06
Sep
2018

Chapman Taylor unveils plans for Budapest mixed-use project

by Property Forum
Chapman Taylor’s design for a mixed-use community in Budapest has been unveiled. The urban regeneration masterplan would transform a derelict former slaughterhouse complex into a dynamic residential and office district with complementary retail and leisure provision and two underground levels of parking.
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News AFI Europe launches Bucharest residential project
19
Jun
2018

AFI Europe launches Bucharest residential project

by Property Forum
AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.
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News New residential developer enters Bucharest
10
Jun
2018

New residential developer enters Bucharest

by Property Forum
Prime Kapital, a property developer established by four former top executives of NEPI, will be developing its first residential project in Romania, called Avalon Estate. The 800-unit project, located in northern Bucharest is due for completion in 2024, zf.ro reports.
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News  Echo Investment to launch apartment rental platform
23
May
2018

Echo Investment to launch apartment rental platform

by Property Forum
Echo Investment is launching a joint venture with a company controlled by an unnamed investor. Resi4Rent is the first fully integrated investor, operator and asset manager for purpose-built residential communities in Poland. With more than 1,200 apartments under construction and another 1,700 apartments ready for construction in the next 12 months, Resi4Rent will be the largest residential for rent platform in Poland. The first tenants will be able to move in during the fourth quarter of 2019.
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News Hagag fuels ahead in Bucharest
08
May
2018

Hagag fuels ahead in Bucharest

by Property Forum
Hagag Development Europe has recently launched an IPO on the Tel Aviv stock exchange covering its projects to be developed in Romania. The IPO’s value is €15 million. The Israeli developer is planning a series of further acquisitions targeting landmark buildings and land plots in Bucharest.
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News Zeitgeist enters the Hungarian market
18
Apr
2018

Zeitgeist enters the Hungarian market

by Import Sys
Zeitgeist Asset Management, a company specializing in property development and asset management services for private and institutional investors, has expanded its portfolio by the acquisition of a new property for a German pension fund, administered by Institutional Investment Partners. The residential project is located in downtown Budapest.
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Latest news


New leases

  • International IT company Sollers Consulting has moved its regional Kraków office to the Browar Lubicz complex. The new office will occupy more than 1,200 sqm of space.
  • Another brand is joining the ranks of new stores in the expanded Turawa Park retail park near Opole (southern Poland). The Tedi chain store will occupy a unit of about 920 sqm.
  • The PZO II mixed-use project in Warsaw has again been fully commercialized. The new tenant, Cichy-Zasada Group, has leased nearly 1,000 sqm of space on the first floor of the building.

New appointments

  • Savills has announced significant changes and promotions within its investment advisory, valuation, communication, and marketing departments in Poland. Karina Szafrańska has been promoted to Head of Valuations and Małgorzata Lińska-Bator has been promoted to Director in the Investment Department. Additionally, Marta Kołodziejska has been appointed the new Head of Marketing & Communication.
  • Residential developer STC Partners has appointed Elena Palade as Sales Director, while Bogdan Băzărea is the new Technical Director of the company. Palade has over 10 years’ worth of experience in real estate sales, while Băzărea’s career spans more than 20 years.
  • At the beginning of July, Jesika Mackiewicz took the position of Business Manager of Warsaw projects at Matexi Poland. She will be responsible for development of the company portfolio of residential projects and land purchases.

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