ARTICLES LABELLED WITH TAG land

The volume of commercial land sales in Romania excluding the industrial segment fell by less than 10% to €450 million during 2023 compared to the previous year, according to a Colliers report.

The Hexagon Group, controlled by Romanian entrepreneur Florin Mariș, has purchased a land plot spanning close to 7 hectares in Cluj-Napoca. The buyer plans to develop an urban regeneration project on the former industrial site. The value of the transaction was not made public.

Penta Real Estate has acquired unused land in Florence from České dráhy for CZK 234 million (€9.565 million). A new district is to be built on the brownfield site near the main thoroughfare, which will seamlessly connect to two buildings near Masaryk railway station, newstream.cz reports.

J&T Real Estate has purchased two hectares of building land on Rohanský island in Prague's Karlín district from the Rohan Consortium, in which Sekyra Group has a half share. In the future, J&T Real Estate plans to buy another two hectares and build the Nový Rohan district for CZK 15 billion (€613.5 million). The company did not disclose the specific price of the acquisition but said the value of one square metre exceeded CZK 20,000 (€818), ČTK reported, cited by online daily newstream.cz.

Almost 60 hectares of land plots suitable for the development of real estate projects were transacted in the Bucharest – Ilfov region in the H2 2022 – H1 2023 period, with former industrial platforms accounting for some of the largest transactions, according to a report by Cushman & Wakefield Echinox.

Pharmaceutical company Biofarm has sold a plot of land close to Victoriei Square in Bucharest for around €5 million. The land spanning 2,176 sqm, which used to host an industrial facility, was taken over by Romanian company Iancu de Hunedoara Residence SRL. The deal was brokered by Crosspoint Real Estate. 

The land market in Romania recorded transactions with a combined value of around €250 million in H1 2023, driven by increasing demand in the retail and residential segments.  

P3 Logistic Parks has acquired a 30-ha plot of land in Dachowa near Poznań. The site will become the new P3 Poznań III park, which will enrich the developer’s current portfolio in the Wielkopolska region.

Lion Capital, a public financial investment company, has purchased a land plot of 11 hectares in western Constanța in a deal valued at more than €10 million.

Penta Real Estate announced the finalisation of their newest land acquisition in the centre of Bratislava. The company bought a 3-ha (30,000 sqm) plot of land that is bordered by Mlynské nivy, Chalupkova and Košická streets. The seller is HB Reavis. Both parties have agreed that the amount of the transaction will not be disclosed.