ARTICLES LABELLED WITH TAG residential

The finalisation of the purchase of a controlling stake in Archicom, the sale of 463 apartments and handing over 154 apartments to clients, the start of leasing of two completed Resi4Rent projects in Warsaw, maintaining average leasing in all completed Resi4Rent buildings at the level exceeding 95%, as well as the sale of the Villa Offices building in Warsaw Brewery – this is a summary of Echo Investment's operating activities in the first quarter of 2021. During this time, the Group generated €5.46 million (PLN 24.5 million) of net profit.

Romania’s Impact Developer & Contractor will deliver this August the 18 villas part of Boreal Plus complex and is continuing the construction of the first 209 apartments in the Constanța-based project. 

Romania’s Akcent Development Group, specialized in the development of residential and office projects in Bucharest, recorded a turnover of €48 million in 2020.

The Black Sea Trade and Development Bank (BSTDB) has provided a loan worth €10 million to Garanti BBVA Consumer Finance. The funding will support residential investments in energy improvements and resource efficiency. 

Czech real estate developer and investor Crestyl, together with investment management firm Cornerstone Partners, completed the acquisition of Polish residential developer Budimex Nieruchomości. Budimex Nieruchomości was a subsidiary of Poland's largest construction group, Budimex SA, owned by the Spanish infrastructure giant Ferrovial.

Romania’s City Garden says it will deliver the first phase of its luxury villas complex this year and will complete the whole project in 2022. The company is investing around €16 million in 66 villas located in northern Bucharest.

Digital property platform Casta, part of Neogen group, has taken over real estate classifieds' portal Magazinul de Case, in a bid to expand across Romania. 

Hagag Development Europe says it has submitted the complete documentation in order to obtain the building permit for the consolidation and restoration works on Știrbei Palace, a historical building located in central Bucharest. 

Romanian real estate developer One United Properties has announced that Claudio Cisullo has been appointed Chairman of the Board of Directors starting May 20. He has recently become the third biggest shareholder of the developer and was Member of the Board of Directors of One United Properties since 2020. 

Argo Properties N.V., a Dutch company active in the German residential private rented sector, completed an initial public offering in which Cordia International participated as a part of its international expansion strategy.