ARTICLES LABELLED WITH TAG residential

The PRS market in the CEE region gathers pace and interest from investors but the majority of activity is currently centred around the Czech Republic and Poland. However, there is a larger number of PRS/BTR projects being announced in the pipeline for delivery over the next few years across the entire region. Colliers, in cooperation with Kinstellar and Greenberg Traurig, publishes a report entitled 'The Private Rental Sector: Has it found a home in CEE?'

Residential investment volumes across the CEE region have been limited and averaged out annually at just over €200 million in the past 5 years. The balance between private, owner-occupied dwellings and those that are for rent in CEE lean towards ownership according to “The Private Rental Sector: Has it found a home in CEE?” report just launched by Colliers in collaboration with Greenberg Traurig and Kinstellar. From the stock of existing developer/investor-owned, multiple-unit PRS schemes, the Czech Republic is ahead, followed by Poland and the remaining countries behind that. 

The Nuselský pivovar (Nusle Brewery) residential project in Prague 4 has received a building permit, developer Penta Real Estate announced. Following the completion of demolition works, excavation works have now begun. 

Real Estate Investment and Port Shipping & Engineering, a group of companies operating in the field of civil and industrial construction, are jointly investing €10 million in a new residential project in Constanța. 

Shares in Romanian One United Properties started trading on Monday on the Bucharest Stock Exchange (BVB). 

Nordic investor NREP has recently made headlines by entering the Polish market with the acquisition of a 130,000 sqm logistics portfolio and over 1,000 apartments. Stefan Wallander, Chief Business Officer of NREP talked to Property Forum about their entry into the local market, rising apartment prices and sustainability commitment.

Romanian Impact Developer & Contractor says it has increased by 50% the share capital, registered in the Central Depository, to 393.75 million lei (€79.8 million) and offered shareholders one free share for every two shares held. 

Belgrade Waterfront developer Eagle Hills has completed structural works on Kula Belgrade. With 168 metres, 42 levels and a total area of about 50,000 sqm, the tower is the tallest building in Serbia and the region.

In the first half of 2021, Echo Investment sold 907 apartments in Poland, improving its sales by almost 40 pct on the same period last year.

Cushman & Wakefield has analysed the findings of a survey carried out by SW Research on a representative sample of the inhabitants of the largest Polish cities. Polish people are increasingly choosing to rent as home prices have reached sky-high levels; additionally, they favour renting for its flexibility and convenience.