Local residential developer Metrodom has bought a 15,000 sqm plot on Budapest's Soroksári út, where it plans to build a new residential quarter, property advisor CE Land, which brokered the deal, announced.

Residential developer Apx Immo has taken over a land plot of 830 sqm in Cotroceni area from ICD Real Estate for €1.3 million. 

Retailers and residential developers are driving demand in the land market and the volume of transactions is hampered by uncertainties regarding urban development legislation. 

During H1 2021, Czech residential developer Central Group has completed the acquisition of land plots in three Prague locations, Žižkov, Hloubětín and Vysočany, for CZK 750 million. It plans to build almost a thousand new apartments on the land.

Cavatina Holding has acquired land in Wrocław from Invest City for a net sum of €20.8 million (PLN 95 million).

The Bucharest land market is registering an increase of prices fueled by higher demand from developers that want to secure strategic locations in the city for new projects. 

Romanian Impact Developer & Contractor says it purchased a new land plot of 25,930 sqm in Iași, in the location where it will kick off a massive residential project with more than 1,000 apartments. 

Evergent Investments, a public alternative investment fund, has purchased a land plot of 16,000 sqm in northern Bucharest, for an undisclosed sum. 

Romanian developer One United Properties has acquired a new land of 23,350 sqm in the second district of Bucharest, one week after closing a separate land deal in the city. 

Garbe Industrial Real Estate GmbH enters the Slovak market with an acquisition of land with a zoning permit comprising 70,000 sqm. This follows the company’s successful start of activities on the Czech market. Garbe’s plans in Piešťany include the new development of two buildings with a total size of 26,000 sqm.