ARTICLES LABELLED WITH TAG residential

Heimstaden’s subsidiary, Heimstaden Bostad AB, announces the acquisition of two build-to-rent projects in Warsaw, Poland, from the French developer and contractor, Eiffage, which also will act as the general contractor.

The construction works for phase one of The Ivy, Speedwell’s residential project located in Băneasa, Bucharest, are ready to start as the developer has recently signed a contract with BTDConstruct & Ambient as General Contractor. The first phase of the ensemble comprises two buildings with 228 apartments, with the first building planned to be delivered in June 2022.

The Q3 2020 property investment volume for Romania is estimated at €408 million, a value approximately 68% higher than the one registered in the same period in 2019. Although the road ahead is marked by uncertainty, considering the persistence of the COVID-19 pandemic and the restrictions associated with it, there is a consistent pipeline of deals which could be closed soon and throughout 2021. JLL has published its Bucharest City Report for Q3 2020. The report provides a detailed analysis of specific real estate markets in Bucharest: office, retail, industrial and residential.

Echo Investment has finalized the purchase of three plots of land from companies belonging to the Tesco group in Poznań, Łódź and Kraków. A total of approx. 240,000. sqm of modern residential, office as well as shopping and service space may be created on these plots.

Cordia International Zrt. has announced a public tender offer to acquire the remaining approximately 7,08% of shares in Polnord SA. The goal is to increase Cordia’s stake in Polnord SA to 100% of outstanding shares.

Real estate developer Hagag Development Europe extends its collaboration with Global Vision. In addition to the property management of the developer’s office building H Victoriei 109, Global Vision will provide property management services for the residential project H Pipera Lake.

One United Properties will develop a residential project in the Modrogan area, near Kiseleff Park and Aviatorilor Boulevard, a historic location within Bucharest.  

The availability of housing in Prague has slightly improved this year, but it is still incomparably worse than in the surrounding metropolises. The inhabitants of Prague have to work 13.9 years for an average 70 sqm apartment. In Vienna, for example, such a purchase only cost 8.7 annual salaries. Compared to last year, a slight improvement was registered in 2020, but the effect of the coronavirus crisis has not yet been reflected in wage statistics, according to Czech residential developer Central Group.

Belgian real estate developer Liebrecht & wooD has launched the Liziera de Lac residential project near Lake Tatarului, located in Calarasi county, southeast of Bucharest. The first residents will be able to move in Q4 2021.

Romanian developer Țiriac Imobiliare has appointed Colliers International to obtain the WELL Health-Safety certification for a mixed portfolio of projects, being the first developer in Romania to do so.