Balkan Distribution Centre, Sarajevo
January 2023
The centre will be located in the business zone of Vogosca next to the capital city of Sarajevo. The position of the land area is highly favourable in terms of traffic connections. It is located 1 km away from the main highway, 300 m from the main road, and 30 km from the Sarajevo City Airport. There is a local road passing through the middle of the land area, which connects it to the main road. The project is in its conceptual stage. The cost of the project is set at EUR 25 million.
Sale of Istria Estate & Country Club, Marlera Golf
December 2022
The project is located on the southern tip of the Istria peninsula, only a few kilometres from vibrant Pula, the region’s administrative centre. The project extends over 126 hectares of land and, according to the plan, envisages a five-star luxury hotel with 170 rooms, extensive spa & wellness facilities, conference facilities, restaurants, bars, and a casino, 114 residential units consisting of 87 apartments with two or three bedrooms, 27 luxury villas, and a 27-hole golf course and supporting facilities.
Marlera Golf LD Ltd. & Nova Istra Ideaus Ltd. are the owners of…
Jablanicko Lake Residence, Konjic
December 2022
The lake residence will be situated in the town Celebici on the coast of the Jablanica lake. The project sponsor is a full-service real estate company. The company has a highly diverse team, which provides highly specialized services and consultancy in the real estate sector. The urban permit has been already obtained and the building permit is in the process of being acquired. The project will include four residential buildings and hotels. The project cost is set around EUR 30 million.
Hercesa Will Invest EUR 52 Million in a Residential Complex With 482 Apartments
November 2022
Spanish developer Hercesa is to launch a new real estate project in Bucharest, in the Ghencea area, with 482 apartments. The value of the investment amounts to EUR 52 million. Stellaris Residencias, a complex located near the new Steaua multi-purpose stadium, will be delivered in four phases. Construction works on the first phase will be finalized in the last quarter of 2024. 129 apartments in an 11-storey block of flats will be delivered within the first phase of the project.
Sale of Hotel Krapinske Toplice, the Croatian Hotel with a Thermal Spa
November 2022
Toplice Hotel is owned by Spring Spa Hotel, whose founders are a Chinese company, represented by Yongdong Wu, and CSEBA, a business association that connects China with the countries of Southeast Europe. The sale of the Krapinske Toplice Hotel, a well-known thermal spa and one of the most beautiful corners of Croatian Zagorje, is announced in several real estate agencies in Croatia, and there are several potential buyers confirmed so far.
Prime Kapital to Invest EUR 330 Million in the Industrial Platform in Plevnei Area of Cluj
November 2022
Prime Kapital announced a new large-scale urban regeneration project in Cluj-Napoca, aimed at turning a 17.1-hectare industrial platform into a multifunctional development to include several types of buildings. The project will consist of a shopping center with approximately 75,000 square meters of leasable space, a residential complex with about 1,400 high quality apartments and an office component with more than 49,000 leasable square meters. Total development costs exceed EUR 330 million.
Iulius Group Has Obtained EUR 410 Million Financing
September 2022
The developer and operator of mixed-use urban regeneration projects Iulius, together with its partners from Atterbury Europe, have signed a EUR 410 million financing for the national network of Iulius Mall regional shopping centers in Iași, Cluj-Napoca, Suceava and Timișoara. The loan supports the developer’s long-term investment plans, aimed at consolidating the status of its projects as regional leaders on the retail and entertainment segments.
Constructions Company Maristar Com is Preparing a Major New Residential Project
September 2022
Constructions company Maristar Com is preparing a major new residential project, on a 6.5-hectare plot of land recently acquired in the city of Ploiești, Prahova County, where it has other real estate developments as well. The MRS Residence GRADINILE project will be located in the north of Ploiești, close to another of the company’s residential developments, MRS Residence SMART. The total value of the new residential complex will amount to EUR 120 million. This is the company’s biggest investment in the real estate sector.
Developer Prime Kapital and MAS Announce EUR 2 Billion Investments on Local Real Estate Market
September 2022
Prime Kapital, a real estate developer and investor operating in Central and Eastern Europe, together with its partner MAS PLC, a real estate investor listed on the Johannesburg Stock Exchange, have announced EUR 1.97 billion investments in retail, office and residential projects with a total area of 1.5 million square meters in several cities in Romania, by 2029. Prime Kapital and MAS PLC entered into a partnership six years ago. The two institutions have been mainly investing in retail assets, residential projects and, depending on opportunities, in other real estate sectors.
CA Immo Plans to Sell Its Portfolio in Romania
August 2022
CA Immo, an Austrian real estate company, plans to sell its portfolio of buildings in Romania, comprised of 7 office projects in Bucharest The total value of the portfolio is EUR 394 million, with a leasable area of 165,000 sqm. An Erste investment fund that also owns BCR bank is allegedly analyzing the acquisition of CA Immo offices in Romania.
One United Properties Plans EUR 234 Million Investment in 2022
May 2022
One United Properties, a major Romanian real estate company, plans to invest EUR 234 million for the expansion on the local market. The company has 4 residential and 2 retail projects under development, with new projects being planned.
In August 2022, the company raised EUR 51.5 million for development in the largest share capital increase of a listed company. The capital raised will fuel the growth strategy of One United Properties, allowing the company to seize additional opportunities in the market. The new equity will be invested with priority in new residential developments located…
Residential, Business and Shopping Centre Sigma, Sarajevo
April 2022
The Residential, Business, and Shopping Center Sigma is a promising project located in Butmir, Ilidza Municipality, City of Sarajevo. It is located near the Sarajevo International Airport and the city centre.
The project is being implemented by Hidrogradnja d.d. Sarajevo, is a construction company founded in 1947. During a more decennial work, Hidrogradnja d.d. Sarajevo has engaged in the construction of low and high-rise buildings, as well as the production of fractions, concrete and concrete products. The company is in the process of preparing a reorganization plan and looking for…
