Romania and Central and Eastern Europe, closed a EUR 82 million credit facility with BRD-Groupe Société Générale and Komerční banka, a major Czech bank and member of the Société Générale international financial group. This is one of the biggest real estate finance transactions on the local market within the first half of 2019.
CTP and a consortium of three banking groups agreed on underwriting package of €1.9 billion for CTP’s Czech industrial portfolio, comprised of 200 buildings, covering 2.7 million m2 of premium industrial space. In the largest real estate transaction to date in Central and Eastern Europe, the 7-year loans provide for the refinancing of €1.6 billion of existing properties and extends €269 million in new financing for projects to be completed in the next 18 months.
Dedeman Group and Element Industrial announce entering into a partnership to jointly invest in the development of ELI PARK 1 logistic and industrial project, located in Chitila-Buftea area, which is transforming in a new proximity logistic hub for Bucharest.
Element Industrial announces the development of a 60,000 sqm logistics park in Craiova, a total investment of 35 million EUR. The company will build the industrial project on an 11-hectare plot of land, near the Ford factory and the south ring road of the city, with direct access to the E70. The intention of the developer is to deliver ELI PARK Craiova in three phases, a large-scale logistics park designated to serve the southwestern part of the country.
CTPark Sibiu II takes shape, the first A Class warehouse is already up and ready to receive its first tenants in about two months. The property is located 4 km from the center of Sibiu, in the western industrial area, on the administrative territory of Cristian commune and near the airport, with easy access to the A1 motorway.
CTP, a major logistics and industrial parks developer and administrator has exceeded one million sq m of leasable area of industrial and logistics projects in Romania and continues to expand.
The industrial sector could attract up to 750,000 sq m of logistics projects by the end of this year, and Romania could establish a new record, Dunwell estimates.
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