In the eastern agglomeration of Budapest, next to the M0 ring road, HelloParks continues its expansion with a new development in Maglód. As a member of Futureal Group, the company has started preparations for the implementation of HelloParks Maglód’s first 46,000 sqm facility being built in the first phase, on a 46 ha site located in the vicinity of M4 and M5 highways and Liszt Ferenc International Airport. The industrial and logistics centre will include a range of facilities exceeding a total area of 193,000 sqm hat meet the requirements of the BREEAM sustainability standard. The announcement of the investment in Maglód follows the company’s recent purchase of its first 76 ha site, also situated next to the M0 highway in Fót, where HelloParks Fót logistics megapark is under development.

The construction works for phase one of The Ivy, Speedwell’s residential project located in Băneasa, Bucharest, are ready to start as the developer has recently signed a contract with BTDConstruct & Ambient as General Contractor. The first phase of the ensemble comprises two buildings with 228 apartments, with the first building planned to be delivered in June 2022.

Real estate developer Hagag Development Europe extends its collaboration with Global Vision. In addition to the property management of the developer’s office building H Victoriei 109, Global Vision will provide property management services for the residential project H Pipera Lake.

One United Properties will develop a residential project in the Modrogan area, near Kiseleff Park and Aviatorilor Boulevard, a historic location within Bucharest.  

VGP has handed over a building in its VGP Park Kecskemét to the Swiss technology company Flisom AG. VGP Park Kecskemét is being built on a site of approx. 86,000 sqm which will represent a total rentable area of about 40,000 sqm.

Immofinanz has sold another 3 ha plot of the former IUS industrial platform in Brașov, to an undisclosed real estate developer. The price is estimated at around €7 million, according to economica.net.

Belgian real estate developer Liebrecht & wooD has launched the Liziera de Lac residential project near Lake Tatarului, located in Calarasi county, southeast of Bucharest. The first residents will be able to move in Q4 2021.

The Dutch investors that own the Eurocooling logistics centre in eastern Bucharest have applied for approval of a zoning plan for the development of a residential project, economica.net reports. The owners plan to build a residential complex with approximately 1,200 apartments.

Panattoni has begun the construction of a new 31,000 sqm industrial park on the site of the former Kavalier glassworks in Hostomice near Teplice in Central Bohemia.

Retail outlet developer Fashion House Group plans to open its second outlet centre in Romania, Fashion House Pallady, on 25 March 2021.