Occam Real Estate wants to expand its development activities in Košice. After the successful acquisition of the 17,650 sqm BCT1 office building, which it bought in 2020 from the development section of the investment group Penta, it is now entering the residential development field with a €30 million project, reports the web portal reality.trend.sk.

More brownfield sites in Prague are set for new residential development. Czech developer Ekospol is planning its big comeback to the domestic development scene and wants to build 2,000 flats in Prague's Zličín district within 10 years. It is now waiting for the necessary permits to start building Ekocity Zličín, company spokesman Filip Sušanka told Property Forum today. 

The military boarding school Hviezda in Bratislava, also known as "Kukurica", has been dilapidated for many years. The iconic high-rise building from the 1970s has a distinctive architectural style yet is a local landmark. However, it may already be on the verge of being saved. The Ministry of Defence of the Slovak Republic (MoD) has started taking the first steps towards reconstruction, according to Slovak websites reality.trend.sk and yimba.sk.

The pandemic has not changed the strategy of RSJ Investments. The company’s core focus in the real estate segment remains predominantly on investments in residential and logistics/industrial development projects. Nevertheless, the pandemic indeed makes certain asset classes, such as retail, riskier, admits Marcel Kolesár MRICS, Transaction Manager at the real estate division of RSJ Investments, in an interview to Property Forum.

Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm. 

Property group Immofinanz has presented its new residential brand On Top Living during MIPIM, the biggest real estate fair held in Cannes. The company plans to develop up to 12,000 smart and sustainable apartments at affordable prices in the medium term. 

Local developer Lucron has sold an entire residential building to an institutional investor for the first time. Part of the Arboria Apartments project implemented in Trnava, Slovakia, the building with 51 apartments was purchased by Kooperativa poistovňa, a.s. Vienna Insurance Group, which plans to lease it on a long-term basis.

JRD Development, a member of the JRD Group, has completed the construction of the energy-efficient Rezidence Michelangelova project in Prague 10. The architecturally distinctive building with 29 apartments is complemented by two commercial spaces and a small park with a playground and gazebo. The project, in which the developer tested a new type of air duct to increase acoustic comfort, is completely sold out, JRD Development announced.

Hines and Kajima have announced the conclusion of an agreement to pursue development projects in Poland in the private rental housing sector (PRS).

Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3 billion in 2021, a 79% increase y-o-y and a 120% increase on the past five-year average, according to Savills. In Poland, multifamily investment activity hit an all-time high of close to €725 million in 2021.