ARTICLES LABELLED WITH TAG residential

Witold Zatoński, Founder of Syrena Real Estate, talked to Property Forum about the profitability of revitalizing older office buildings, the challenges related to such projects and the development of the PRS market in Poland.

Residential sales in the Bucharest and Ilfov area were only 3.8% smaller in Q3 2023 than those registered in Q3 2022, which was a record year, according to a SVN Romania report.

Geosan Development has completed the construction of the Residence Neklanka 2 project in Prague 5 near Anděl. The residence comprises three vila-domes located in a garden on the border between the original residential development and the forest in Radlické údolí, Geosan Development announced.

There will be lofts built on the premises of the former Svornost' letterpress factory on the corner of Račianska and Kominarska streets in Bratislava. The building is not listed, but it is still in good condition. In these weeks, reconstruction works are being started, which will turn it into a multifunctional project Lofty Kominárska, writes the web portal yimba.sk.

Speedwell expects to break ground in 2024 with its new villa project near Bucharest, in Corbeanca, with the first residential units set to be delivered in early 2025.

Total transaction volume in Q3 2023 in Belgrade was €456 million, which represents a decrease of around 21% year-on-year, according to real estate agency Cordon’s report for Q3 2023.

Brno-based Domoplan from the Fipox Group continues its expansion into Southern Europe. At the beginning of the year, it announced the construction of apartments worth hundreds of millions of crowns in Zagreb, Croatia, and now it is also entering the Serbian market. At the beginning of next year it will start construction in Belgrade, where it is planning a luxury residential project worth €20 million, reports e15.cz.

Developer Immocap plans to bring six residential projects in the next ten years in the most lucrative districts of Bratislava - Old Town, New Town and Ružinov. In total, there will be 1,500 flats offering quality, design as well and energy-efficient and sustainable housing, Immocap announced. 

Erste Group Bank AG has granted a new loan to Cavatina Holding S.A., this time for the realization of Cavatina’s flagship project in Wroclaw. The financing, which was initiated back in October, will ultimately provide the Polish developer with funds for refinancing the costs of the Quorum D office building (up to €25 million) and for further financing of the Quorum A construction (up to €20 million), as well as an additional €3 million to cover VAT. The multifunctional Quorum complex, rising on the banks of the Oder River, is the largest project of its kind in the city.

Prime yields for apartment blocks, which move in the opposite direction to prices, continue to rise across Europe and stood at 4.35% in Q3 2023, 38 basis points higher than in the first quarter this year, according to research by Catella Group.