ARTICLES LABELLED WITH TAG residential

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

Hungarian residential developer Cordia, a subsidiary of Futureal Group, will soon launch a new large-scale district renewal development in Budapest. 

The PRS market accounts for a mere 1% of all rental flats in Poland. Despite being in its infancy, it is likely to become a strong investment alternative and gain popularity in light of the current macroeconomic conditions and challenges facing the housing sector. The latest report prepared by experts of CRIDO and Savills looks at what’s next for this commercial real estate sector in the coming years and legal and tax issues that an investor needs to take into account in investment planning.

Sławomir Imianowski, CEO of Resi4Rent talked to Property Forum about the development of the Polish PRS market, residential demand among Ukrainian refugees and the challenges related to surging materials and energy prices.

Preferences and housing needs of Poles and what they would like to change in their own place were studied by Echo Investment. The first edition of the report "There's no place like home, or how Poles live," analyzes, among other things, what our requirements are when it comes to our own four walls, what motivates us when we buy an apartment, and whether we purchase it mainly for our own needs or as an investment. The report proves that in Poland owning one' s own apartment is still identified with being independent.

The i6 Residence is near Central Europe's largest urban regeneration development area, the Corvin Promenade and is scheduled to be handed over in 2024.

Romanian construction group Bog’Art has completed the development of its own luxury residential project Art City in northern Bucharest, which is valued at more than €20 million.  

Like years ago, the Polish Private Rental Sector is going through a blooming time as each commercial real estate sector segment. It requires a unification of offers, greater standardization of available space, and self-professionalization. One of the first spectacular transactions involving the PRS was in 2016 and the purchase of 72 apartments in the Złota 44 building in Warsaw by the German investment fund Catella Residential Investment Management. At the end of September 2022, this segment is formed by an offer of more than 8,500 apartments for rent spread across Poland's largest cities. The prospects for the development of the market remain very high, and it is mainly favored by market conditions and the structure of the residential sector in Poland. AXI IMMO, together with industry experts Inquiry and ThinkCo, presents data for the Polish institutional rental market in a publication, "Development prospects for the PRS market in Poland."

Duna House Group (DHG), the largest real estate agency in the region decided to unify its landing brokerage activity by creating a single brand called Credipass. 

Property developer and investor Prime Kapital has announced a new urban regeneration project on a 5.6-hectare plot near the Bega river in Timișoara.