CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the extension of the contract for 17,000 square meters of space at CTPark Craiova with Cummins Generator Technologies, a market leader in power solutions and a subsidiary of global power leader Cummins Inc.
Romania's modern stock of industrial and logistics space reached 7.1 million square meters last year, which is the third largest I&L market among the 13 largest economies in Central and Eastern Europe, and developers have construction of more than 500,000 square meters of modern premises, according to the report "ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13" published by Colliers.
Linia Wood&Metal company opens Linia Projects in a new 6,700 square meters leased space in Chitila Logistics Hub, a project developed by Global Vision in partnership with Globalworth. The industrial park has a total area of more than 77,000 square meters and features extensive storage spaces, customized production facilities, and modern office spaces.
Investment in production machinery and military equipment in Romania increased by 80 percent last year compared to the pre-pandemic period, well above the EU average of 30 percent, according to Eurostat data analysed by Colliers.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has acquired from Globalworth, the leading office investor in Central and Eastern Europe (CEE), an industrial portfolio of 270,000 sqm GLA and 30ha landbank in six key locations in Romania.
The developer Globalworth has announced that it is selling part of its logistics portfolio in Romania to CTP. The value of the transaction could exceed EUR 170 million. Globalworth has announced that it is selling five logistics parks, with ten facilities in Timișoara, Arad, Oradea and Pitesti that it owns 100 percent. The majority holdings in two other small projects in Bucharest are also sold.
Mediapost Hit Mail, the largest direct marketing company in Romania, has leased 19,000 square meters of space including warehousing and office area in Chitila Logistics Hub, the industrial park developed by Global Vision and Globalworth. In this modern space being part of the park located near the Bucharest ring road, the company will operate logistics and e-commerce services for companies in the retail, FMCG, energy and services sectors.
Elektrokontakt Romania (EKR), a subsidiary of ELEKTROKONTAKT GMBH, is the new tenant in Mureș City Logistics, the most modern industrial project in Mureș area. This milestone achieves a 100% occupancy rate for the strategically located facility developed by Globalworth and Global Vision, leading players in the real estate market in Romania andCentral and Eastern Europe (CEE).
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