Romanian property company Impact Developer & Contractor has completed a new phase in its Greenfield Băneasa project in northern Bucharest. The recently delivered phase has a market value of more than €16 million.

Residential developers have been the most active in terms of land acquisitions in the past 2.5 years, as they secured land plots which allow the construction of more than 30,000 units in all parts of Bucharest, according to data from real estate consultancy Cushman & Wakefield Echinox. 

The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022. 

Despite rising costs and rents, the rented residential sector continues to ride high as demand booms and is poised to remain a more lucrative investment opportunity than asset classes such as office or retail. Bonard has spoken to leading real estate specialists to investigate the factors behind the sector’s success.

YIT Slovakia wants to improve and transform another abandoned area in Bratislava's Ružinov district. With the new residential complex on Hraničná Street, it wants to build on its other projects in this part of the city. In the first phase, it plans to build an apartment building with 92 flats and a hotel with 72 accommodation units, construction of which should start in 2025, the company announced.

Greenberg Traurig advised Marvipol Development on the sale of 138 residential and non-residential units in the Unique Tower complex, situated in Grzybowska Steet in Warsaw, to the Heimstaden Bostad Group.

Prices in Belgrade’s residential market are still showing double-digit increases compared to the previous year. Local real estate consultancy Cordon published a report summarising the key trends driving Belgrade’s residential market in Q2 2022.

Since August, UBM Development Czechia has been building and now selling the second phase of its residential project Arcus City in Prague-Reporyje. Within this phase, 63 apartments and several commercial units will be built. The completion of this phase is scheduled for the end of 2024. In total, over 270 apartments, 10 family houses and several commercial units will be built in the project in three phases.

The developer Sekyra Group must pay the city of Prague more than half a billion crowns (€22 million) for the construction of public spaces in its new residential project on Prague's Rohanský island, according to new rules for private investors. This is the highest contribution a developer has ever had to pay to the capital so far, Seznamzpravy.cz reports.  

Former Czech Prime Minister and billionaire Andrej Babiš, who is now facing trial for misuse of EU subsidies, is buying residential land in Slovenia. He has bought a plot of land in the centre of Ljubljana with his investment fund Hartenberg and the Slovak developer Corwin, where up to 400 flats can be built. The transaction, worth an estimated €25 million, would make Andrej Babiš one of the major players on the Slovenian real estate market, reported the investigative server Necenzurirano.si, quoted by the Czech daily E15.cz.