ARTICLES LABELLED WITH TAG residential

The neglected premises south of the National Bank of Slovakia building should soon change. A new development has been in the pipeline since 2018. Originally, the developer was Penta Real Estate. At the beginning of 2022, however, the plans in the locality were transferred to the portfolio of the new company Alto Real Estate, which was created by splitting off from Penta, yimba.sk reports.

1.2 billion sqm of space is required globally in the next decade to satisfy the growing demand for the top three ‘alternative’ property sectors, providing a major opportunity for investors, says Savills.

Archicom has absorbed the residential development projects, the team of employees and the land bank of Echo Investment. The General Meetings of Shareholders of both companies have given their approval for the consolidation of their residential business. Following the completion of the transaction, Archicom is positioned as one of the largest residential developers in Poland, while Echo Investment is focused on commercial real estate, apartments for rent and mixed-use "destinations" projects. The company's share in Archicom's capital will total 89.30%.

Adi Steiner, Managing Partner of STC Partners spoke to Property Forum about the developer’s new residential project in Bucharest and new investment opportunities being explored nationwide, as well as the increasingly sophisticated requirements of home buyers, with a focus on sustainability.

As it was unofficially confirmed last month, Sekyra Group has agreed with Dostupné bydlení České spořitelny and the insurance company Kooperativa on the sale of the Opatov II residential project in Prague 11. This is one of the largest build-to-rent (BTR) transactions in the Czech Republic, Sekyra Group announced. The price of the transaction was not disclosed. 

Petre Niculae, Founder of Pedro Construct, spoke with Property Forum about the new residential project whose development started this year, the challenges in the construction market and the company’s strategy of integrating innovative technologies in the design, construction, and development phases.

Cavatina will launch its first residential project in the United States – a 13-story building in downtown Seattle, Washington, made of prefabricated components manufactured in Poland. The project is being developed by Cavatina in collaboration with the internationally renowned architectural firm, Epstein, based in Chicago. Cushman & Wakefield advises the Cavatina Group on matters related to purchasing land.

The concept design solutions for the new mixed-use Horizontai project in Vilnius' CBD by real estate developer Releven received the approval of the municipality. The company expects to receive a construction permit for the construction of the €200 million project this year.

Romanian property company Impact Developer & Contractor has obtained the construction permit for its Greenfield Copou residential project in Iași that will have a market value of around €175 million.

Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova, spoke with Property Forum about the company’s experience on the local market for the last 25 years and the new investments planned in Bucharest in the next period, with the aim of transforming the local real estate industry.