YIT has started construction of the Happi Milánská project in Prague's Horní Měcholupy and has put 72 new Finnish-style apartments of up to 99 sqm on sale. The residential building with access to both the countryside and the city centre will also include three commercial spaces. The developer plans completion in spring 2024.
Nearly 100 more apartments for young people are being built in Bratislava's Ružinov district as part of the NUPPU project. The YIT Slovakia development group continues the project's construction with the next stage, Magnolia 2, the company confirmed to Property Forum today.
The YIT Group, which is the largest construction and development company in Finland and has so far operated in 10 countries including the Czech Republic, has completed a strategic review of its business in Russia. Based on this analysis, it signed an agreement with Etalon Group PLC to sell its business in Russia.
For the first time in the history of its operations in the Czech Republic, developer YIT has entered into a partnership to finance its project. Local investment group RSJ will participate in the implementation of the residential complex Vesi Hostivař in Prague.
In the Czech Republic, modular construction has often been used in prefabricated houses in the past. Now, developer YIT is coming up with prefabricated parts in the new residential project Lappi Hloubětín in Prague. Further use of the modules is planned in the Vesi Hostivař project, e15.cz reports.
The construction of over 800 living units has started at the intersection of Postępu and Domaniewska Streets in Warsaw. The project has been developed by YIT for the leading Nordic real estate investor NREP. Unibep has been chosen as the general contractor. Smartti Mokotów will be the largest professionally run lease facility in Poland.
NREP, one of the leading real estate investor in the Nordic countries, will soon open an office in Warsaw. NREP has just finalized the purchase of a logistics portfolio of 130,000 sqm and over 1,000 new apartments in Warsaw.
YIT Slovakia has completed the reconstruction of the Pradiareň 1900 office building in Bratislava. Starting from December 2020, the Slovak branch of Microsoft will move into the premises as the first tenant.
Colliers International has been assigned to assist YIT Slovakia in leasing the Pradiareň 1900 office building. After the opening, Colliers International REMS will be assisting the developer with property management.
Flex office provider CitySpace is to open a 3,500 sqm centre in the MidPoint71 office building in Wrocław. The centre, which is to open on July 1st, will offer a range of 400 workstations. This is to be CitySpace’s fourth location in Wrocław.
The Australian Embassy in Warsaw has changed its headquarters. The Australian diplomatic mission has taken over 780 sqm of office space in Rondo 1 office building. CBRE assisted the Embassy in signing the lease.
FORUM Towarzystwo Funduszy Inwestycyjnych (FTFI) is set to join tenants of Kraków’s Wadowicka 3 office complex. The company will occupy 880 sqm on the fifth floor of the building, owned by Partners Group & Reino Partners. JLL supported the tenant in the process of lease negotiations.
New appointments
Fidurock integrated the retail portfolio into their structure and appointed Petr Vondrášek as a new Head of Retail Portfolio as of July 1st 2022.
Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
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