ARTICLES LABELLED WITH TAG residential

Romanian developer One United Properties has secured €78 million in fresh funding from a group of banks for the office component of One Cotroceni Park in Bucharest. 

Bogdan Doicescu, Director Of Development at Bog’Art spoke with Property Forum about the current state of the construction market and shared the company’s plans for the upcoming years. Consistent with the company's strategy to diversify its portfolio, Bog’Art has recently targeted public works with greater interest, both civil works as well as infrastructure.

Tenants are responding to the change in customer preferences and are now increasingly likely to choose retail premises in modern residential areas. As JLL found in Miasteczko Wilanów in Warsaw, 2021 has seen the number of ground floor units grow by more than 100, an almost 25% increase on 2018. This trend is not limited to the capital city.

Didier Balcaen, CEO of Speedwell talked to Property Forum about the company’s development plans for 2021, the value of mixed-use projects and shared his long-term expectations for the Romanian property market.

Romanian Impact Developer & Contractor says it purchased a new land plot of 25,930 sqm in Iași, in the location where it will kick off a massive residential project with more than 1,000 apartments. 

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).