CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 13,000 sqm of production space at CTPark Deva II in western Romania to leading Chinese automotive component company KSHG Auto Harness.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased over 1,800 sqm of warehouse and offices in CTPark Bucharest North for HELL ENERGY Romania, a fast-developing FMCG brand’s Romanian company, which quickly became a prominent player on the international energy drink market, being the market leader on many of them, Romania included.
Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased.
Cushman & Wakefield Echinox coordinated the BREEAM Excellent certification process for the 550,000 sq m logistics park portfolio in Romania and Hungary, owned by eMAG, one of the largest online retailers in Eastern Europe. The certification recognizes the sustainability performance of buildings by implementing energy efficiency and environmental impact reduction measures.
The real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI) in 2022, as the share of this economic activity in the overall FDI stock stood at 17.2% at the end of 2022, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy company.
Raben Logistics Romania has leased 1,300 sqm of new warehouse space in CTPark Oradea Cargo Terminal, while the company’s lease volume with CTP across Romania has reached 15,000 sqm.
The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics space in Western Romania: CTPark Arad West. This latest scheme is located in Arad, an important industrial centre and transportation hub, close to both the Hungarian and Serbian borders. The first phase of CTPark Arad West comprises approximately 44,000 sqm and is already over 40% pre-leased, being scheduled for completion in the first quarter of 2024.
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