CTP, the largest owner and developer of industrial and logistics space in Romania, has extended its partnership with QeOPS, one of the leading providers of e-fulfillment services and customized logistics solutions in Romania. With this expansion, QeOPS has increased its occupied warehouse space in CTPark Bucharest to approximately 15,000 sqm.
ORESA INDUSTRA announces the expansion of the area of the SOLO logistics park in Letcani commune, Iași county, which will reach over 35,000 m2 in the second half of 2023. After obtaining the construction permit, the company will build a new warehouse of 10,000 m2, available for rent to companies national and international with local logistics needs.
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting “trophy” assets.
The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate consultancy company.
Finland-based group Nokian Tyres announced that it will invest some EUR 650 million in a new car tire factory in Romania that will become operational at the end of 2024. This is one of the biggest investments announced in Romania’s automotive sector in recent years and will consolidate the country’s position as a tire manufacturing hub.
The evolution of the Romanian industrial market in the first nine months of the year confirms analysts' expectations regarding the possibility of setting a new historical record by the end of 2022, thus continuing an upward trajectory started in 2018.
Romania’s 10-year Eurobond yield has recently surpassed the 8% level compared to below 2% three years ago, while for countries in the region, as well as for major economies such as Germany, the increase has been significantly lower.
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