Articles in RESIDENTIAL topic

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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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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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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27
Jan
2022

Alesonor starts construction of villas near Bucharest

by Property Forum

Developer Alesonor has kicked off the construction of the first villas in Amber Forest suburb located near Bucharest.

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26
Jan
2022

Eden Capital Development records sales of over €90 million in 2021

by Property Forum

Romanian developer Eden Capital Development, which focuses on the Bucharest residential market, recorded total sales of over €90 million during 2021, at an average transaction of over €120,000 for an apartment.

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25
Jan
2022

Living completes first phase of Budapest resi project

by Property Forum

Living, an umbrella brand of Wing specialising in residential properties, has completed the first phase of its Park West project offering 229 apartments in District 13 of Budapest. About 700 apartments will be constructed in the residential development project to be carried out in three phases.

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21
Jan
2022

Art Property to boost residential management operations in Romania

by Property Forum

Art Property, the developer of the €20 million Art City residential complex in Bucharest, is looking to expand its presence in the property management field and appointed a new management team to implement the operational plans.

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18
Jan
2022

Bratislava’s tallest residential building receives usage permit

by Property Forum

Developer J&T Real Estate (JTRE) has completed the almost three-year construction of Bratislava’s tallest residential building and the Klingerka project has been issued a usage permit.

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14
Jan
2022

Czech Republic registers EU’s strongest house price growth in Q3 2021

by Property Forum

In Q3 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (22%) and a quarter-on-quarter (7.3%) comparison, well above the EU average of 9.2% and 3.1%, respectively, according to Eurostat’s House price index.

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14
Jan
2022

Nordis Group reports sales of €80.9 million in 2021

by Property Forum

Romanian Nordis Group, specialized in the development of hotels and residential projects, recorded sales of RON 400 million (around €80.9 million), mainly in the project located in Mamaia.

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Latest news

New leases

Engineering company Sanborn will relocate its production capacities to the new Aventin Business Park industrial complex as of August 2026. The company will lease nearly 8,000 sqm of premium space at the site. The long-term lease was brokered by Savills.
Scandinavian retailer JYSK has leased 1,000 sqm in Lemon Retail Park. In this transaction, Colliers represented the Synergy group, the developer and owner of Lemon Retail Park.
Romanian InSpace Engineering (RISE) has leased a 1,000 sqm space in the Bucharest-based Central Business Park building, in a deal brokered by Esop Consulting.

New appointments

Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
Łukasz Meisner has joined Peakside Capital Advisors as Head of Project Management. He will be responsible for the management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.