542,000 sq. m of industrial and logistics spaces were leased in H1 2022, a 50% increase compared with the same period of 2021, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume transacted in Q2 was of approximately 240,000 sq. m, which was added to the Q1 take-up of more than 300,000 sq. m.
The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries (Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Slovakia and Slovenia )accounts for over 3 million sq m, but the development of this market is not evenly spread in this region.
CTP, the largest listed developer and manager of industrial and logistics space in Continental Europe, is expanding the CTPark Craiova East industrial park with a new building that will be delivered by the end of the year and is already fully leased. The pharmaceutical group A&D Pharma – Dr.Max Group, already present in the CTP portfolio, is one of the tenants of the new warehouse.
The organizers of the largest transport and logistics exhibition in Central and Eastern Europe (TransLogistica Poland) enter Romania!
The Polish exhibition annually attracts around 300 international exhibitors and almost 10,000 professionals.
The total volume of investments on the real estate market in Romania was 566.9 million euros in the first six months of 2022, of which 476.9 million euros in the last three months, according to a study conducted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. Last year, in the first two quarters, a total of 194 million euros in real estate assets were traded.
The Austrian construction materials manufacturer Leier has invested 100 million euros in Romania in the last 4 years and is now preparing to open a new production section in Iasi, also having an ongoing investment in its 5th factory, situated in Arad.
The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company.
The German manufacturer of insulating materials Knauf will invest 200 million euros in Romania. The company plans to develop two new production facilities for drywall, metal profiles and insulation materials.
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