Romania saw new construction volumes expand by 64% in 2023 compared to the previous year, reaching also a record in gross value and growth rate from the past decade, according to the EBI Construction Activity Report.
IBB Holding Romania, founded by Romanian entrepreneur Ion Crăciunescu, has started the development of a new residential complex in Pipera, near northern Bucharest, which will have a market value of around €160 million.
Victor Căpitanu, Co-Founder and Co-CEO of One United Properties spoke with Property Forum at Mipim in Cannes about the company’s residential development pipeline valued north of €1 billion and Bucharest’s capacity to provide high yields for real estate investors.
Geosan Development is launching another series of apartments in the Radimova Břevnov Residence in Prague 6. The developer has sold over 60% of the apartments in the project so far.
YIT's Happi Milánská project in Horní Měcholupy in Prague 15 has been approved for use by authorities. The company built the project using a system of prefabricated concrete elements.
Property group NEPI Rockcastle has completed its first residential project in Romania. The Bucharest-based Vulcan Residence complex features 254 apartments and has been delivered with an 80% sale rate.
The residential market in Slovakia has almost stopped. The top ten Slovak developers have sold a total of fewer than 800 apartments in Slovakia, as 2023 figures are showing in the ranking on Index.sme.sk.
Design and construction consulting office Obermeyer Helika has completed and handed over the documentation for the construction of the Semerínka residential project in Prague 5 Radlice developed by Crestyl. The construction of the project has started.
PSN has reached a milestone in base building construction at the Ahoj Vanguard development project in Modřany, Prague. Close to the apartment building, the conversion of the former Microna factory into Vanguard loft housing is also nearing completion.
Australian technology company Atlassian has relocated to the Officyna office building in Gdańsk, Poland. The office of more than 1,600 sqm is located in Building B of the complex.
The Riviera Centrum in Gdynia has enriched its offer with new flagship stores of Adidas and 4F brands. The 4F store took up a 600 sqm space. The new Adidas brand outlet moved into a 400 sqm unit.
Gemini Park Tarnów (southern Poland) is strengthening its offer with a new lifestyle clothing and footwear brand. The JD Sports store, with an area of over 400 sqm, will open to customers later this spring.
New appointments
Paweł Dobrowolski takes over as head of the office department at CBRE Poland, replacing Łukasz Kałędkiewicz. Alexander Hofmann becomes the new head of the Warsaw office tenant representation team.
Cushman & Wakefield has expanded its valuation team with the appointment of Marcin Malmon as Head of Valuation & Advisory and Monika Leszczyk, Deputy Head of Valuation & Advisory, as Head of Business Development.
The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.
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