ARTICLES LABELLED WITH TAG PRS

13
Oct
2021

Younger Poles attach less importance to owning an apartment

by Michał Poręcki
Andrzej Oślizło, CEO of Develia, one of the largest Polish developers has talked to Property Forum about the recent sale of Wrocław landmark, Sky Tower, PRS perspectives and the current market conditions in the residential sector in Poland.
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01
Oct
2021

Prague apartment prices are catching up with mid-range locations in Austria

by Property Forum
In 2021, the excess demand in the Austrian apartment building market will continue to lead to solid increases in the values of residential and commercial buildings. However, according to Arnold Investments, prices in very good and good locations have currently stabilised at a high level. Entry-level prices for local properties within the “Gürtel” (beltway) are currently starting at €4,000 to €5,000 per square metre.
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30
Sep
2021

Leach & McGuire to manage Heimstaden's Polish PRS assets

by Property Forum
Leach & McGuire have signed an agreement to start work on two buildings that Heimstaden purchased in Warsaw earlier in 2021 from Marvipol, specifically ‘Unique Tower’ on ul. Grzybowska comprising 136 apartments and ‘Moko’ (Botanika) on ul. Bokserska featuring 477 residential units.
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23
Sep
2021

Echo pushes on with PRS and new office investments

by Property Forum
Echo Investment summarizes the first half of 2021, taking into account the results of the Archicom S.A. group for the first time. The first six months of 2021 brought the Group over PLN 47 million in net profit, which was mainly the result of handing over to customers 398 apartments built by Echo Investment, as well as 202 apartments of Archicom and an increase in the value of office buildings – in particular Malthouse Offices in Warsaw Breweries and Brain Park I in Cracow. Important item that influenced the results for the first half of the year and the second quarter was the profit on purchase price allocation of Archicom S.A. shares.
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20
Sep
2021

A developed PRS market is still a long way to go in Hungary

by Property Forum
The property markets of individual countries are affected by a number of external factors, so it is not evident that they are doing equally well in a small region like CEE. What are the strong and weak points of Hungary's property market compared to other countries in the region? How successfully has it weathered the COVID crisis? What will be the best development and investment opportunities in the coming period? These were the questions discussed by the international investors’ panel at the 2021 edition of Property Investment Forum in Budapest.
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14
Sep
2021

Mint buys Plzeň apartment buildings from Trigema

by Property Forum
Mint Investments’ residential fund (MINT I. rezidenční podfond SICAV) has entered into an agreement for the acquisition of four apartment buildings in Plzeň-Skvrňany with developer Trigema Real Estate. Construction of the 100 apartments for rent is scheduled to be completed in Q4 2022. The parties did not unveil the transaction price.
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07
Sep
2021

Resi4Rent completes Poznań project

by Property Forum
The construction of the Resi4Rent project in Poznań has been completed. Less than two weeks after obtaining a use permit, 30 rental contracts have already been signed.
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07
Sep
2021

AFI Europe completes shell of resi-for-rent building in Prague

by Property Forum
AFI Europe has completed the shell of the fifth and final phase of the Tulipa Třebešín residential project which is intended purely for rental housing and completes a large-scale development on a 5-hectare urban brownfield site in Prague 3 - Strašnice. The building will offer a total of 61 residential units with an expected completion date of Q3 2022. The general contractor is Imos Brno. AFI Europe's total investment in Phase 5 will exceed CZK 250 million.
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31
Aug
2021

Heimstaden sees Poland as a core market

by Michał Poręcki
Jason Drennan, Investment Director at Heimstaden talked to Property Forum about the rapidly developing PRS market in Poland, surging residential prices and plans for the upcoming months.
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16
Aug
2021

Resi4Rent obtains financing for another 1.4k apartments

by Property Forum
A consortium of banks, with Pekao Bank as a leader, Bank Gospodarstwa Krajowego and BNP Paribas Bank, granted over PLN 248 million in a construction and investment loan and PLN 15 million in a VAT loan for five Resi4Rent projects with apartments for rent.
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Latest news


New leases

  • Almost 5 000 sqm of office space in Skyliner, Karimpol`s investment in Warsaw will be occupied by new tenants – DXC Technology and Luxoft. Both companies are operating in the field of IT services.
  • IT company Precisely has 1,000 sqm with 90 workspaces on the third floor of Cavatina Hall A in Bielsko-Biała. Knight Frank advised the tenant during the negotiations.
  • Brain Park, an office complex developed by Echo Investment will become the new headquarters of PepsiCo GBS Kraków. The tenant will occupy over 5,000 sqm and start operating in the new office in the fourth quarter of 2022.

New appointments

  • Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
  • Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
  • Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.


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