News Lithuanian investors buy Prague hotel for co-living project

Lithuanian investors buy Prague hotel for co-living project

by Property Forum
Lithuanian investors Baltic Asset Management and Hanner have acquired a hotel in Prague to convert it into a co-living project called Youston. The total investment is estimated at €14 million, Hanner, the financial partner of the project, confirmed to Property Forum.
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News Poland’s co-living market set for further growth

Poland’s co-living market set for further growth

by Property Forum
The pandemic has changed the way we live and work. We still do not know whether these changes will be temporary or permanent in nature and whether they will stay with us, even when the threat of the disease is behind us. The uncertainty of the new and unprecedented situation has impacted all real estate sectors to a lesser or greater extent. Sharing of space, which is one of the key principles underpinning co-living, appears to be the absolute opposite of pandemic isolation. Contrary to appearances, this type of accommodation where in addition to sharing space residents also share a set of interests and values may be an easier and more enjoyable way of staying in quarantine, especially for lonely people and those living far from their families. Małgorzata Dziubińska, Associate Director at Cushman & Wakefield, says about co-living in the new reality.
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News Co-living presents a new opportunity for seniors

Co-living presents a new opportunity for seniors

by Property Forum
Co-living has become a buzzword on the real estate market, but sharing living space, interests and values can benefit not only young people, corporate professionals or students. Cushman & Wakefield’s latest insight report “Co-living – a new era for the real estate investment market in Poland” explores senior housing. Forecasts by the Polish Central Statistical Office (GUS) indicate that by 2050 the number of Polish people aged 60 and over will have risen by approximately 52%. Co-living therefore represents both an opportunity for retirees to enjoy a new lifestyle and a trend that has a strong growth potential.
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Latest news

New leases

  • In recent weeks, three new tenants have joined the ranks of tenants at the RONDO Shopping Centre in Bydgoszcz, Poland. Gudi Home, Pink Box and Piekarnia Grochola Prawdziwy Chleb have signed lease agreements for premises with a total area of nearly 1,700 sqm.
  • Nearly 700 sqm of Infinity’s office space in Wrocław will be occupied by a team from ingage Poland software company. The new tenant has decided to lease office space located on the fifth floor of the building.
  • Auchan Romania has leased 2,600 sqm on the ground floor of the second phase of the U•Center office project in Bucharest.

New appointments

  • Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.
  • Daniel Rutkowski joined Walter Herz Investment Advisory Department, currently consisting of six people, and took the position of Development Manager. He will be responsible for searching for and acquiring investment projects, developing investment potential analysis and building the value of real estate.
  • Dariusz Proniewicz has joined MDC2's team of experts to take on the position of Development Director BTS, with responsibility for the development of BTS investments.


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