Romanian developer Prima Development Group has obtained a loan of €16.8 million from Libra Bank for the first phase of a new residential complex in Bucharest.
Romanian Prima Development Group will invest around €40 million in Green Residence, a new residential project in Oradea comprising over 800 apartments.
Real estate company Prima Development Group is investing €20 million in a residential project located in Timpuri Noi area, Bucharest’s emerging business hub.
Prima Development Group started in January the works of the Arena Residence residential project in Oradea. The project with 1,226 apartments will be completed in 2024 and the total investment amounts to €65 million.
Romanian developer Prima Development Group announces the expansion on the residential market in Bucharest with three new projects, after this year it will deliver 640 apartments in the capital city and Oradea. The new projects will bring an additional 2,500 new homes to the market.
Intersport will open a new large outlet in the recently refurbished GOBUDA Mall in Budapest in Q3 2023. The firm joins German retailer Wellensteyn and Hungarian retailer Budmil, both started to trade there in March. A new Wok'n Go restaurant will be available in the mall in the Summer.
Wolt has leased office space in Warsaw's Lumen building. As a result of the transaction, the new tenant has taken nearly 900 sqm. The office building in the centre of Warsaw is owned and managed by Globalworth Poland.
Lighting company Wojnarowscy has agreed a lease renewal for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II. The tenant was advised on the lease renegotiation by experts of real estate advisory firm Newmark Polska.
New appointments
CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.
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