Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.
VGP NV ("VGP", or “the Group”), a European provider of high-quality logistics and semi-industrial real estate, is pleased to announce the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm.
A total of 128 buildings in Romania were BREEAM (Building Research Establishment Environmental Assessment Method) or LEED ( Leadership in Energy and Environmental Design) certified in 2023, 17% less than the record year of 2022
The local team, led by Luana Costecu-Guran, Managing Director at Loedige Machine SRL and Ralf Gapp, Chief Production Officer of Lödige Industries, has already grown significantly to around 130 employees. Now, with more than 8,000 square metres, almost twice as much factory space is available for production and storage. In Brasov, Lödige Industries produces lifting and conveying technology for projects worldwide. Construction works for the hall extension began in March and have now been completed on time. The opening was celebrated with a big ceremony.
The shareholders of Packeta Group, the parent company of the Czech tech-logistics company Zásilkovna, have agreed to sell a 100 percent stake in the Packeta Group to a consortium of CVC Capital Partners and Emma Capital: with capital support from R2G.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered the first foreign distribution center of LPP Logistics in Romania, less than one year after the start of construction. Located in CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE), the 65,000 sqm warehouse will strengthen LPP’s distribution network in Southern Europe.
PepsiCo, a leader in the food and beverage industry, announced a USD 13 million investment in installing a fully automated production line at its soft drink factory in Dragomirești, Romania. The move is aimed at strengthening the company’s position as a regional production and distribution hub for Central and South-Eastern Europe.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 13,000 sqm of production space at CTPark Deva II in western Romania to leading Chinese automotive component company KSHG Auto Harness.
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