ARTICLES LABELLED WITH TAG residential

Romanian Impact Developer & Contractor says it got a loan of €4.25 million with a 4-year maturity from Garanti Bank to finance its working capital.

Property developer Prime Kapital will open two new shopping centres in Romania by the end of this week. Bârlad Value Centre, with a leasable area of around 20,000 sqm, opens for shoppers on November 30, while Prahova Value Centre in Ploiești, which spans 25,200 sqm, will open on December 3. 

Dariusz Węglicki, Country Manager of Catella Residential Investment Management talked to Property Forum about the attractiveness of Poland for PRS investors, luxury rental projects and private student housing development.

Over PLN 70 million of net profit, increasing assets value, in particular in the residential sector, as well as decreased debt level – this is a brief summary of Q3 2021 results in Echo Investment Group. The group is satisfied with the pace of Resi4Rent development and a large landbank, that allows building ca. 15,000 apartments.

Property developer AFI Europe has taken over two plots of land in northern Bucharest, in a deal worth €12 million, for the development of its first build-to-rent residential project. 

Savills Investment Management has published its latest outlook report for real estate investment markets in 2022. While next year may mark a turning point for both office and retail investment as the world continues to recover from the COVID-19 pandemic, sectors such as living, logistics and real estate debt also look set offer compelling opportunities.

Romanian developer Forty Management plans to start new residential projects covering 138,000 sqm with a market value of more than €310 million. The investments are in various permitting stages. 

JLL will be responsible for searching future tenants for commercial premises inside two of Yareal’s largest projects in Warsaw’s Wola and Kamionek districts.

The number of residential units sold in Romania in the first 10 months of 2021 increased by 65% to more than 150,000 individual units compared to the same period form 2021, according to official data from the National Agency of Cadastre and Real Estate Advertising. 

Yovav Carmi, President of Management Board and Ariel Ferstman, CFO of GTC have talked to Property Forum about the latest financial results of the company, coping with the effects of the pandemic in the commercial real estate sector and the new directions of company activities.