27
Jan
2022
Jan
2022
Prima Development delivers €23 million resi project in Bucharest
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
Jan
2022
Alesonor starts construction of villas near Bucharest
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
Jan
2022
Eden Capital Development records sales of over €90 million in 2021
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
Jan
2022
Living completes first phase of Budapest resi project
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
Jan
2022
Art Property to boost residential management operations in Romania
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
Jan
2022
Bratislava’s tallest residential building receives usage permit
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
Jan
2022
Czech Republic registers EU’s strongest house price growth in Q3 2021
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
Jan
2022
Nordis Group reports sales of €80.9 million in 2021
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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13
Jan
2022
Jan
2022
Forty Management to build Romania's highest residential tower
Romanian developer Forty Management has initiated the authorization procedure for Royal Suites Central District in northern Bucharest, with a market value of €76 million. Once completed, the building will be the tallest residential project in Romania with a height of 122 meters.
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13
Jan
2022
Jan
2022
One United delivers residential towers in Bucharest
Romanian developer One United Properties has announced the handover of One Herăstrău Towers, located in northern Bucharest, with a gross development value of around €53.3 million.
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Latest news
- Shopper Park Plus closes Polish retail park deal
- 7R enters Germany with €200 million investment partnership
- Capturing yield in CEE: Gránit AM’s playbook for the next market cycle
- Accor to open new Mercure hotel in Craiova
- Świecie unveils masterplan for Teutonic Castle revival
- Big Poland acquires retail park in Dzierżoniów
- Star Invest launches €12 million capital raise for office deal in Bucharest
- LCN exits Croatian Konzum grocery store portfolio
- Why are Baltic investors increasingly looking at Poland?
- B+N Group rebrands as Liwo Group for European expansion
New leases
- The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
- REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
- RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.
New appointments
- Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
- Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
- Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
