ARTICLES LABELLED WITH TAG residential

One United Properties, a real estate developer specialised in Bucharest residential property, will issue €20 million worth of 4-year bonds through private placement, fully funded by co-management by Credit Value Investments in Poland. The money will be spent on the company existing and new residential developments.

Turkish real estate developer Anchor Grup will invest €9.5 million in the Pallady Towers residential project.

JLL’s valuation department, under the leadership of Ján Zibura MRICS and Petr Strýček, has valued the portfolio of the largest owner of apartments for rent in the Czech Republic, RESIDOMO.

Immofinanz started selling land plots from the portfolio of Adama, a residential developer part of the Immofinanz Group. Two land plots located in the Bucharest area have already been sold, while the transaction for another piece of land is set to be finalised in November. The three assets have a total surface area of almost 36,000 sqm. The parties have agreed not to disclose further details.

A new concept of modern living for students and young professionals in Brno has opened its doors. DOMEQ offers 159 rooms and apartments for 309 residents. It is located in Ponávka Business Park and a part of the residency will be allocated specifically to students and interns from the local firms in the area. On behalf of CTP, the building will be run by the agency Foreigners.cz.

In 2016, the premises of the former Brno arms factory was taken over by CPI Property Group, which presented the development project Nová Zbrojovka. A new modern neighbourhood is steadily emerging from the brownfield in the wider centre of Brno. At present, the issue of transport infrastructure, the revitalisation of the surrounding area and the clearing of individual spaces is being addressed.

Residential markets are on the rise all over Europe. There are barely any countries where prices haven’t begun to increase since the crisis. Property Forum took a closer look at the Central and Eastern European region, to see which countries have seen the highest growth. Croatia is one of the countries where prices began to grow later rather than sooner, but this means that it may become a new hotspot for investors looking to profit from house price growth in the region.

A new residential complex, comprising 1,000 apartments in four phases, is being built in the Domenii area of Bucharest, requiring a total investment volume of €80 million. The developer of the scheme is DVD Residential Imobiliare, owned by businessmen Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).

By the end of H2 2017 space under construction by Echo Investment increased to over 1 million sqm, from 677,000 sqm at the end of 2016. According to its latest financial report, the company is moving forward with a number of residential, office and retail developments.

Following the expansion in Budapest, Krakow and Warsaw, Cordia has re-entered the Romanian capital with a 400 apartment development. Futureal Group’s residential subsidiary acquired 13 plots with a total area of 15,336 sqm in Bucharest where the project will be developed.