ARTICLES LABELLED WITH TAG rental

The Czech government has approved the provision of CZK 800 million (€34.27 million) to a programme to support the construction of rental housing. Most of the money will be allocated to municipalities, but private investors who build apartments in cooperation with the municipality can also receive a part of it. Deputy Prime Minister and Regional Development Minister Ivan Bartoš (Pirates) told to čtk.

Česká spořitelna has started to build affordable apartments with low rents for employees that cities lack. The first such apartment buildings with 254 flats are already taking shape in Prague 9, built by a subsidiary of the bank DBČS with the developer Finep for CZK 1 billion (€42.7 million). The bank plans to build a total of 1,000 flats by 2026. The bank also wants to cooperate with the Czech government to finance more flats through EU funds and loans from the European Investment Bank, DBČS subsidiary CEO Marek Blaha told the press.

Last summer, Invesco Real Estate bought the Delta building, one of the phases of its multifunctional Hagibor project, from developer group Crestyl. The building is to include a total of 165 flats in layouts ranging from 1+kk to 4+kk for rental housing purposes. Construction started in Q4 of last year and is scheduled for completion in Q3 2024. Zeitgeist Asset Management will take care of the complete management of the project during construction, as well as the subsequent leasing and management of the apartments, the company announced.

Przemysław Orchowicz, Country Manager, Heimstaden Poland has talked to Property Forum about the current forecasts for the PRS market, overregulation risk and investment plans.

Heimstaden has introduced 284 new, fully equipped apartments to the Warsaw rental market, as part of the second stage of the Bokserska project. The first tenants will move in March of 2023.

All apartments in the AFIHome Třebešín rental project in Prague 3 are now fully leased. All tenants of 61 apartments have also moved in, AFI Europe has announced. 

AFI Europe has completed its third rental housing project in Prague this year. AFIHome Kolbenova, the first apartment building in the new multifunctional district AFI City in Prague 9, has now been approved.

Czech real estate fund Investika has decided to take another step in diversifying its real estate portfolio. Its latest acquisitions are luxury properties in Croatia for short-term rentals.

Resi4Rent has secured a €50 million loan from the European Bank for Reconstruction and Development (EBRD) for new investments in the institutional rental market in cities hosting refugees from Ukraine, the company said. This is the first EBRD financing for the institutional rental sector (PRS) in Poland.

The AFIhome Karlín rental residence project with 172 apartments from AFI Europe has been approved. This is the second rental housing project by AFI Europe, this time for CZK 1 billion (€41 million). The apartments will be available for move-in in spring 2023, the developer announced.