ARTICLES LABELLED WITH TAG residential

UBM Development Czechia has successfully completed the rough construction of the Astrid Garden residential project in Prague 7 - Holešovice, where 138 apartments and two commercial units are being built. Construction of Astrid Garden has been underway since November 2021 and is scheduled for completion in the second half of 2024. The sale of the project, designed by renowned architectural studio Bogle Architects, is being handled exclusively by the real estate agency Lexxus Norton. 

After Cavatina Group S.A. separated the residential development business from the entity responsible for the construction and management of a portfolio of PRS projects, with Resi Capital S.A. and Cavare S.A. taking over respective roles, the latter company is preparing to launch its first investments. The company announces its presence primarily in the markets of Warsaw, Wrocław, Gdańsk, Kraków, and Poznań, a secured pipeline of circa 1.6k units.

Viorel Lăcătuș, Country Manager in Romania for Atenor, talked to Property Forum about the company’s ongoing residential and office developments in Bucharest and the growing interest of tenants for the sustainability certifications of buildings.

Local company Glavbolgarstroy is building a new residential project named Ѕmаrt Тоwеr іn thе nеw buѕіnеѕѕ сеntre оf Ѕоfіа, іn thе аrеа оf Нlаdіlnіkа, nехt tо Раrаdіѕе Mall аnd Ѕоuth Раrk.

Local real estate developer Redport Capital, founded by Cosmin Savu-Cristescu, has announced the completion of 127 apartments in The Level Apartments project and the construction start for the new phase of the complex located in the Străulești area of northern Bucharest. 

Emma Toma, Head of Office Division at AFI Europe Romania, talked to Property Forum about the company’s investment plans in the office, retail and residential areas, as well as the solutions implemented in all projects in the area of sustainability.

The housing loan stock is now growing by only 1.2% in Romania, with the slowdown becoming noticeable starting with the second half of last year, while the number of apartment transactions fell by almost 30% in Bucharest and regional cities in the first five months of the year, according to Colliers. 

Skanska has launched the sale of the second phase of Modřanský cukrovar, which will offer 126 apartments in four residential sections. The developer is applying sustainability principles in the construction and the planned construction of the apartment buildings is approaching the passive standard in the highest PENB energy performance category - A. Each apartment will already draw energy from photovoltaic panels on the roof and will be able to use recycled water. The developer expects to start construction this winter with completion expected in 2025.

Brokers report a 30% drop in inquiries for purchasing a new home in Sofia. On an annual basis, the decrease in concluded deals is 15 %.

Doron Klein, the CEO of AFI Europe Romania and The Czech Republic, has been appointed as Deputy CEO of AFI Europe group, in addition to his current position.