ARTICLES LABELLED WITH TAG development

IHG continues the expansion of its luxury & lifestyle growth in Europe with InterContinental Tirana set to open in 2025.

Development company Antracit is launching a series of projects in several cities in the Czech Republic and Slovakia. It is preparing a mixed-use rental project in Ostrava, an office and apartment project and a rental project in Pilsen. A mixed-use rental project is also being prepared in Žilina and another rental project in an industrial area in Prešov, the company announced. 

Palmovka in Prague 8 and Nové Dvory in Prague 4 are the largest areas where Prague development company (PDS – Pražská developerská společnost) plans the largest changes and development of new districts. PDS is preparing projects in a total of 12 localities where up to 8,000 urban rental flats should be built, announced the company director Petr Urbánek together with the Deputy Mayor of Prague, Petr Hlaváček at a press conference.

Czech bank Česká spořitelna is initiating the construction of more affordable rental housing in Czech towns with a population of over 10,000. The bank plans to launch the first trio of projects with 250 flats in cooperation with three town halls this year or in early 2023. Rental housing in such projects should be at least one-fifth cheaper, E15 reported on the bank's new plans today.  

The tallest building in Slovakia, Eurovea Tower is rising in Bratislava by the Danube. With the completion of the 38th floor, the tower has reached 125 metres, the milestone by which it has become the highest building in the country already and has 40 metres still to come. By the end of 2022, Eurovea will be with the 47 floors and 168 metres the 1st skyscraper in the country, developer JTRE announced.

UnicreditBank Czech Republic & Slovakia and Demaco have signed a long-term loan agreement together for funding the project in Northern Moravia. Demaco informed about the contract on its LinkedIn page.

Green certificates are becoming the norm in CEE but words like 'excellent' or 'platinum' don't always provide enough information about a building's overall environmental impact. Developers, architects and advisors were discussing the real cases of ESG principles` implementation during a panel at the European ESG Property Forum conference in Warsaw, moderated by Oana Stamatin, ESG Chief Officer at Colliers.

Less than a year before completion, developer J&T Real Estate CZ is selling its Red Court office centre in Prague's Karlín district. BlackBird Real Estate will become the new owner immediately after approval, the online daily Seznamzpravy.cz reported about the transaction.

Rents for commercial projects that are being developed at present in Romania will grow in the next 2-3 years, while demand for green buildings will continue to expand, concluded speakers at a panel discussion at Property Forum’s annual Summer Networking Party organised in Bucharest.

A part of the Prague-based residential project Hagibor, which is being built by Crestyl Group, is now owned by Invesco Real Estate. The acquisition concerns the third phase of the residential part of the project, namely the Delta building, which is already under construction and is to be used for rental housing in the future. The price of the transaction, which was reported by the daily E15, was not published.