ARTICLES LABELLED WITH TAG residential

GTC Group’s management board has announced the acquisition of a residential portfolio in Germany, currently held by Peach Property Group. The portfolio is spread around the cities of Kaiserslautern, Helmstedt, and Heidenheim. It comprises 5,165 residential, 47 commercial units, 71 other units, and 2,108 parking units with a total leasable area of 324,167 sqm. GTC said the portfolio has an adjusted property value of approximately €448 million based on full ownership.

Cresco Real Estate has been developing the Slnečnice district south of Bratislava's Petržalka quarter since 2010. Now it has begun to transform the territory of the local hill into the new part called Villadomy Zone.

Wallberg has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex in Timișoara.

The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

Linkcity has started the implementation of its first apartment building made of timber in the Czech Republic. The residence has become part of the last stage of the Nová Tesla urban district currently under construction, which is being built on a large former urban brownfield in Pardubice. 

European investors are planning significant increases in their living sector allocations, with €64 billion of new capital for deployment into the build to rent, affordable housing, student property and seniors housing sectors over the next five years, according to a Knight Frank survey.

Hungarian developer Living has delivered the first phase of the 165-unit Le Jardin residential park in Rozsnyay utca, District 13 of Budapest.

Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.

The European Bank for Reconstruction and Development has issued a €100 million loan to the Polish subsidiaries of Vantage Development, a residential-for-rent developer and operator, ultimately owned by Germany’s TAG Immobilien.