European commercial real estate markets saw further yield contraction in Q3 2015 across all property sectors, reflecting growing investor demand and very low bond yields, according to the EMEA Prime Rents and Yields survey from global property advisor CBRE.
Romania’s logistics sector has come under the spotlight this year, after going down during the crisis years. It is now considered the second best investment sector, after the office market. Five developers control half of the total logistics spaces built in Romania.
Last week, on November 5, Oil Terminal obtained the tax warehouse permit from the Finance Ministry. The ministry’s commission for the authorization of harmonized excised products issued for the Movila Sara platform’s storage tanks 18S and 38S a permit to operate as warehouse for energy products (E420 unleaded gasoline), establishing a guarantee of RON 22,997,493. The storage tanks will cover the flow of gasoline from Romania’s refineries to maritime ships, for export or intra-EU operations.
Logistics demand is directly tied to general economic conditions, and following a turbulent period the industry has been relatively stable for the past years. In this current state of stability, the time has come to focus on the next cutting edge innovations: logistics and supply chain management are facing another technological revolution.
Swiss technology company Hamilton Central Europe inaugurated a new facility in Romania last week. The new unit, which required an investment of EUR 10 mln and covers 9.5 hectares, is located in Giarmata, Timis county, in western Romania.
Both the development and take-up of industrial parks in Central Europe is continuing and slightly accelerating in comparison with last year, according to research from Cushman & Wakefield.
Kimball Electronics, a US company that supplies electronic components to the industrial, automotive and medical sectors, opened a factory at the Olympia industrial park in the town of Remetea Mare near Timisoara Airport.
Over 230,000 sqm of logistics and industrial space was leased in Romania in the first nine months of 2015, almost half of which was leased in capital Bucharest and the western city of Timisoara, according to data from real estate services firm JLL. Retail, car parts manufacturers and logistics operators were the most active players, said JLL representatives.
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