ARTICLES LABELLED WITH TAG EY

Real estate developer Atenor has concluded a share capital increase of €181.5 million and it has reached €257.5 million following the completion of this operation.

Real estate practitioners, mark your calendars for July 2024. A new real-time invoice reporting regime will be introduced in Poland, marking both a revolution and evolution in tax digitalization reporting. While technology is driving the implementation of the new rules, the potential benefits for the real estate sector are extensive. Zbigniew Deptuła, Partner, Global Compliance & Reporting and Paulina Faryn, Manager, Global Compliance & Reporting at EY Poland explain how these changes could impact businesses.

Having accurate data about a building is essential for any transaction and during the entire lifetime of the asset, with proptech solutions gaining ground in the industry, concluded speakers during the data and technology panel of CEE Property Forum 2022 in Vienna.

Hungary’s first-ever ’greenfield REIT’ marked a major milestone for the country’s property market as SunDell Estate Nyrt. has been registered as a regulated property investment company (known as SZIT in Hungary) by the Hungarian National Tax and Customs Authority (NAV). This makes SunDell the first company in Hungary that gained SZIT status nearly upon completion of all the steps of an initial float rather than choosing this form of operations after a substantial stock exchange presence.

The key obstacles in the way of technological advancement in the property business are the lack of collaboration and transparency. Property Forum visited the International Property Technology Summit in Moscow, Russia.

EY has established a dedicated Real Estate & Hospitality Advisory team based in Prague covering the Czech Republic and the Central Eastern European region. The team will focus on the areas of Corporate Strategic Advisory, Capital Markets, Valuations, Commercial Due Diligence as well as Capital Raising combining traditional property services with business, financial and legal advisory.