The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.
The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.
Diehl Controls, part of Diehl Group, started the construction of the new factory within CTPark Brasov, 2023. Production will start in mid-2024 and by 2027, approximately 600 employees will manufacture up to twelve million electronic systems annually.
Colliers Romania manages over 680,000 square meters of real estate in Bucharest, Cluj-Napoca, Timisoara, Brasov, and Arad, of which 590,000 square meters are offices and the rest industrial warehouses, providing asset management and administration services for annual budgets of over 26 million euro. In regional cities, Colliers consultants are seeing increasing numbers of developers and owners choosing to optimize building management and maintenance costs by outsourcing such services.
Globalworth, the preeminent player in the office real estate sector in Central and Eastern Europe (CEE), continues to strengthen its commitment to sustainability and Environmental, Social, and Governance (ESG) goals in partnership with its tenants. Today, the company announces the completion of another solar plant installation, this time on the rooftop of its Industrial Park West in Oradea, a key asset in the company’s logistics and industrial parks portfolio.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered a warehouse of almost 10,000 sqm in CTPark Bucharest North for the online liquor retailer FineStore.
Romania's total investment volume reached EUR 183.8 mln. in H1 2023, a 43% decrease when compared with the amount transacted in the first half of the record year 2022.
In a position letter submitted to the Romanian Government, the Association of Real Estate Investors in Romania (AREI) estimates that the proposed fiscal measures targeting the Real Estate and Constructions industry could lead to RON 7 billion in losses from the revenues generated annually to the state budget, the equivalent of a 10-12%decrease in business volume.
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