YIT launches construction of regional resi project

28
Nov
2024
News - YIT launches construction of regional resi project #Czech Republic #residential #YIT

by Property Forum | Residential

In addition to the new acquisition in Brno, YIT is also intensively focusing on Kladno, where it is starting its first-ever regional construction by the end of this year. 


In recent years, Kladno has become an increasingly popular destination for new residents looking for housing outside the capital. The convenient location (less than 30 km from Prague) makes Kladno attractive for those who want to use the advantage of the metropolis and live in a quiet environment with complete civic amenities.

Over 180 apartments will be built in four low-rise buildings in the Portti Kladno housing complex on the brownfield of former freezers. YIT plans to make extensive use of modern prefabrication technology. The Portti Kladno project will offer apartments for personal and cooperative ownership.

The increasing demand among those interested in purchasing their housing and investors is also related to more favourable real estate prices. "In Kladno, the average price is about 20% lower, which means significant savings for those purchasing their own home. For example, when buying a 60 sqm apartment, they can save more than CZK 1.5 million (€59,000), which represents a noticeable difference in the total amount of the mortgage and the monthly instalments," explains Dana Bartoňová, Business Director at YIT Stavo.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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