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P3 Logistic Parks in 2023: more than 170,000 m² leased and an ideal customer mix

P3 Logistic Parks, a developer, owner, and manager of industrial European real estate concluded 2023 in Romania with transactions totalling more than 170,000 m² in P3 Bucharest A1 industrial park – P3’s highest activity volume recorded in recent years, in the Romanian market.

Half million sqm of new industrial and logistic spaces to be delivered in 2024

The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in Romania in 2023, corresponding to a 46% decrease compared with the previous year, a contraction which was caused by a reduced development activity on speculative basis, according to data from the Cushman & Wakefield Echinox.

CTP and Arcese in major lease agreement at CEE’s largest industrial park

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), is pleased to announce a strategic collaboration with Arcese Group, the renowned global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE). This will be Arcese’s first location in Romania with CTP, reinforcing their expansion efforts following a successful partnership with CTP in Hungary.

Total investment volume drops 60pct in Romania to about EUR 500 mln in 2023 compared to previous year

2023 was a challenging year for the real estate investment market. According to an analysis by Crosspoint Real Estate, Romania attracted investments worth around EUR 500 million, 60% less than the previous year.

Transilvania Construcții has invested 15 million Euros in TRC Park Bacău

Transilvania Construcții recently completed the construction of its new logistics park in its portfolio – TRC Park Bacău – a project in which the company invested over 15 million Euros.

Top 10 predictions for the Romanian real estate market in 2024

Romania’s real estate market remains a sector with high growth potential, even if the pace could be slower in 2024 than before the pandemic, Colliers consultants predict in ”Top 10 Predictions Romania 2024” report.

iO Partners welcomes Charles Boudet as CEO

iO Partners announces the appointment of Charles Boudet, an industry veteran with diversified expertise, as CEO.

Land market remains robust in Romania, ending 2023 on a strong note

The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates.

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