Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Romania ranked second regionally in terms of the Q1 demand, after Poland, the uncontested leader in the Central and Eastern Europe, while surpassing Czechia, Slovakia and Hungary.
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level.
108 REAL ESTATE, a real estate consultancy celebrating its 15th anniversary of successful operations on the market, is marking another milestone with its expansion into Romania. Following its presence in Slovakia, Hungary, and India, 108 REAL ESTATE's expansion into Romania is a strategic move driven by the company's focus on the movement of developers, investors, and tenants in the industrial real estate sector, encompassing both manufacturing and logistics.
Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the proportion expecting a decrease has fallen to 16%, from 57% in 2023.
Romanian and Swiss entrepreneurs and investors, members of the Switzerland-Romania Chamber of Commerce (CCE-R), have a new board of directors consisting of eight members, elected at a general assembly meeting on April 15, 2024 in Bucharest. Subsequently, on April 19, the new board of CCE-R elected a new chair, namely Adriana Cioca, managing director of Artemis Romania, part of Artemis Holding Switzerland.
2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook.
Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.
Real estate investments in the first quarter of 2024 reached €205.75 million, up 33% from the same period last year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The top real estate segments attracting the most investments are retail, hotels second and industrial third.
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