ARTICLES LABELLED WITH TAG residential

The residential development market in the Czech Republic will be expanded by a new grouping of PPF and Karlín Group. Together, they will build residential projects in Holešovice and Libeň in Prague with a total investment value of CZK 4 billion, the company PPF announced. 

Speedwell's development pipeline in Romania has a strong focus on the residential segment but the company also aims to expand its SpacePlus industrial product across the country and CEE. Property Forum sat down with Didier Balcaen and Jan Demeyere, Co-Founders of Speedwell, at MIPIM, to talk about the financing environment and challenges related to inflation and the shortage of construction materials.

The Romanian Competition Council said it was assessing the transaction through which Revetas Capital Fund III intends to take over domestic residential developer Maurer Group.

Heimstaden subsidiary Heimstaden Bostad AB is buying the 400-apartment residential project Aurora in Warsaw from development company Dantex. The transaction is structured as a turnkey forward funded acquisition, where Heimstaden Bostad does not carry any direct development risk. Completion is scheduled for mid-2024.

BPI Real Estate Poland is preparing to launch 6 new projects in Poland. These will be located in Poznań, Warsaw, Wrocław and Tri-city. They are scheduled to start in 2022. In total, the projects will deliver nearly 70 thousand sqm of usable residential space to the Polish market and will provide more than 2,200 residential units. The projects in the pipeline range from residential developments to mixed-use units and enter the new PRS sector.

Over 27,000 new homes are under construction in Bucharest and its surrounding areas, which is the largest number in the modern history of the local residential market, according to real estate consultancy SVN Romania. 

Asking prices for apartments in Romania were up by 3.8% in March compared to the previous month to an average €1,654 per sqm, according to data by Imobiliare.ro platform. 

Romanian developer Nordis Group says it will deliver this year up to 1,000 hotel rooms and residential units in its project located in the Mamaia seaside resort. 

The Getberg development company is now starting to build a new residential project Forest Views in Dařbož near Prague. Another project is in the pipeline in Dubí and two projects near the capital - in Strančice u Říčany and Unhošt' - are currently being completed, Getberg announced.

Once again, in Q4 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (25.8%) and a quarter-on-quarter (5.7%) comparison, well above the EU averages of 10% and 2.1%, respectively, according to Eurostat’s house price index.