ARTICLES LABELLED WITH TAG residential

Asking prices for apartments in Romania were up 2.7% at the start of January compared to last month, to €1,551 per sqm, with Cluj-Napoca leading the growth trend, according to real estate platform Imobiliare.ro.

Romanian developer Euro Vial has purchased at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a deal worth €1.5 million. 

Realpad, a European provider of CRM and after-sales management software for residential developers, has significantly increased its customer base in Romania in 2021. After entering the market earlier in 2021, the Romanian team of Realpad has managed to close 20 clients including well-established market players such as Hagag Development Europe, Bog’Art, Synergy, Liebrecht & wooD or leading residential agency SVN Romania.

Duna House has released its monthly transaction estimate, showing that there were 11,422 residential property transactions in Hungary in December 2021. The tally for the whole year shows 150,975 transactions, which marks a 15% growth over 2020.

Romanian Impact Developer & Contractor aims to raise up to €50 million through a private placement at a price of RON 0.70 per share. 

The commissioning of Warsaw UNIT, one of the most modern buildings in Poland, and two commenced investments, including a high-rise building, are the most important goals achieved by Ghelamco Poland in 2021.

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.