CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), strengthened its Romanian management team with the appointment of Ionuț Puiu as Construction Director starting in May. With this strategic addition, CTP reaffirms its commitment to expanding its portfolio in Romania, poised to surpass the significant 3 million sqm milestone this year.
The Central and Eastern European (CEE) industrial real estate market slowed down in the first quarter of 2024, following a period of sustained growth and record activity in 2021 and 2022, a study by iO Partners shows.
Cushman & Wakefield Echinox closed 2023 with a revenue of EUR 12 million, marking a 15% increase compared with the previous year. This impressive growth propelled the company to the second place among real estate consultants in Romania, in a year marked by a stagnation of this particular business segment.
VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, marks a new stage in the development of VGP Park Timișoara by expanding the logistics park, with the construction of the eighth building. With a generous leasable area of 32,768 m², of which 11,575 m² are still available, this new building offers adaptable and efficient spaces to meet the diverse needs of clients.
IBB Holding Group, one of the leaders in Romania’s construction industry, has inaugurated a new concrete plant in Mogosoaia, in the northern area of Bucharest, following an investment of 7.5 million RON.
Symmetrica, the leader of the local tile market has constantly developed in its 30 years of activity, benefitting from national coverage by means of its ten production units. The company announced an investment of 50 million euros in the largest concerete tile factory in South-Eastern Europe.
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.
Pavăl Holding, the investment vehicle of the brothers Adrian and Dragoş Pavăl, the owners of the DIY Dedeman network, recorded a net profit of 2.3 billion lei in 2023, 52% more than the previous year, according to data published by the Ministry of Finance.
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