ARTICLES LABELLED WITH TAG development

A new real estate project will be developed in the Northern Romanian city of Bistrița on the grounds of the old location of the largest Romanian construction materials manufacturer’s former factory, in partnership with local real estate developer Alfa Construct Partners. Within this partnership, TeraPlast offers the land and Alfa Construct will build the properties at its own expense.

Panattoni has announced another Warsaw development, which is to be built on a 1.9 ha site next to the S7 junction with the S8 expressway just a few kilometres from Warsaw's Chopin Airport. City Logistics Warsaw Airport II will have an area of 9,000 sqm and construction work is to begin in August.

A planning permit has been issued for Penta Real Estate’s The Residence Nuselský Pivovar development in Prague’s Nusle district. As part of the €77 million (CZK 2 billion) project, the developer will build 450 residential units on the site a historic brewery.

Skanska invests about €65 million in the first phase of the new office complex H2Offices located in Budapest, Hungary. It will offer a total leasable area of about 26,000 square meters and is designed to obtain WELL and LEED certifications.

Speedwell has launched sales for the second phase of Triama Residence, the residential compound developed in Bucharest, so a new stock of apartments is now available. The developer is starting a new building, after selling more than 90% of the apartments built in the first phase, which will be delivered at the end of this year.

Local real estate developer Forte Partners is planning to build 500 apartments on Calea Serban Voda in Bucharest. The residential building will be erected next to the developer’s U Center office project, which is currently underway. The company's second major residential project is valued at €200 million.

CTP continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest – CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with access to the Bucharest Ring Road, close to the A3 highway. The total value of the investment in the new logistics park amounts to €65 million.

Local developer Crestyl Group has completed the fourth office building in its Dock district development project, located in Prague’s Palmovka area.

Calea Victoriei in Bucharest, the 2.8-kilometer-long artery between Piața Victoriei and Piața Națiunilor Unite, will continue to grow as an office and hotel hub in the upcoming years, with the developers' plans to build seven new office buildings and six hotels as a result of investments that could exceed the €300 million threshold, according to Cushman & Wakefield Echinox.

Real estate developer Hagag Development Europe received the building permit for H Eliade 9 Residence, its new residential project to be developed in Bucharest, Romania. Construction works are scheduled to start this August. €16 million will be invested in the new resi-scheme. Over 35% of the available units have already been contracted.