ARTICLES LABELLED WITH TAG residential

TAG Immobilien AG has entered into a share purchase agreement to acquire a 100% interest in ROBYG S.A., a leading residential development firm in Poland, for an estimated purchase price of c. PLN 2,500 million (c. €550 million), net of certain adjustments ROBYG's currently secured pipeline consists of c. 23,000 residential units across four Polish cities, enabling TAG to a meaningful market entry into Warsaw. 

The shareholders of Atrium European Real Estate have voted in favour of the company merging with Gazit Globe subsidiary Gazit Hercules 2020.

Kesz Group, one of Hungary's largest construction companies, has purchased a land plot of 16,000 sqm in northern Bucharest for an undisclosed sum where it plans to develop a residential complex. 

Buyers of homes in Romania with a price of maximum €140,000 will pay a VAT of 5%, extending a facility that was applicable up to now only for residential units with costs up to €90,000, according to a government decision. 

Cooperation between Slovak developer Corwin and Czech-Slovak investment company Hartenberg will comprise more than half a dozen real estate projects in Slovakia and Slovenia.    

Bucharest's Mayor Nicușor Dan said that the city needs a “correct urban development”, while the permitting process for property investments will be updated to include tougher criteria that have to be met by developers.

Responding to the extremely buoyant demand, Hungarian residential property developer Cordia is adding more than 300 new homes to its supply by the end of the year. This move will increase the number of new homes available in Budapest's 8th district by a third, while in the 1st district the company's development will essentially represent the entire new home supply. The company, a member of the Futureal Group, will have a record year this year, delivering around 50% more homes than last year and tripling the number of apartments sold.

Local developer Haberl Real Estate announced a new residential project, Green Atrium in Bratislava’s Ružinov district. The project consists of 3 blocks and an inner block. It will provide 83 residential units, underground parking and up to 1,500 sqm of greenery located in the courtyard and on the roofs of buildings. Start of construction is expected to take place in Q3 2022, while completion is scheduled for 2025.

Romanian Akcent Development will invest around €75 million in Akcent City, a new residential project with 810 apartments located in the Bucureștii Noi area of northern Bucharest. 

Romanian Prima Development Group will invest around €40 million in Green Residence, a new residential project in Oradea comprising over 800 apartments.