Logicor, a leading owner, manager and developer of European logistics real estate, has welcomed The Home, a furniture & lighting online retailer to Logicor Bucharest II Logistics Park.
SENARIA, one of the most dynamic local construction project management companies, ends the first quarter of 2023 with a 25% increase YoY. In the first quarter of this year, SENARIA contracted projects for the services provided in the amount of 1 million euros thus predicting at least a doubling of the turnover compared to 2022.
P3 Logistic Parks (“P3”) announces contract renewals and extensions of some of the longest-standing tenants in the local portfolio, Logistic E Van Wijk and HOPI® Logistics. Thus, the two companies are developing their logistics needs within the P3 warehouses and will occupy an area of 20,538 square meters of logistics spaces and offices within the park.
Leading European industrial and logistics developer, owner and operator targets 20 million sqm portfolio by end of decade as research identifies five key drivers of growth in CEE
CTP, Europe’s largest listed owner, developer and manager of high quality industrial and logistics real estate by gross lettable area (“GLA”), has acquired an industrial portfolio of warehouses totaling over 100,000 sqm in Romania from French FM Logistic, a leading supply chain services company operating across Europe, which will continue as a CTP tenant for the long term.
Building owners in Romania are much more interested in ESG standards and also have higher expectations when it comes to sustainability than their counterparts in other countries. A survey by CBRE, the global real estate consultancy market leader, of over 500 commercial real estate professionals worldwide shows that the main drivers for companies to move towards ESG are regulations, such as the Paris Agreement and the Goals of UN sustainable development, rising operating costs and increasing control from owners.
Knauf Insulation, one of the largest manufacturers on the market of insulating materials, part of the Knauf Group, started the construction of the new production unit in Târnăveni, which is to be completed and put into operation in 2024. The new factory, which will have a production capacity of over 100 million square meters, will employ over 100 people, from skilled workers to automation or maintenance engineers.
VGP, a European owner, manager and developer of high-quality logistics and semi-industrial real estate, has leased over 8,000 m2 of logistics space in VGP Park Bucharest North to Alaska Energies, one of the leading renewable energy companies in Europe.
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