The volume of transactions with commercial real estate projects could amount to EUR 900 mln this year in Romania, a level similar to that recorded in 2020, according to firm JLL.
In the first semester of 2021, 360,000 square meters of logistics and industrial spaces were leased, a 21% increase compared to the similar period of the previous year, according to the Cushman & Wakefield Echinox real estate consulting company. 200,000 square meters were transacted in the first three months of the year, while developers closed transactions for spaces with a total area of 160,000 square meters in the second quarter.
CTP N.V., CEE’s largest logistics property owner and developer listed on Euronext Amsterdam (ticker symbol: CTPNV), today announces its results for the first half year of 2021. CTP reports strong half year results and is well on track to further accelerate its development, raising its GLA growth target to beyond 7.7 million m² by year-end 2021, up from 7.5 million m² as guidance at its IPO end of March 2021.
THETA Furniture & More, one of the largest players in the interior fit-out segment in Romania, announces the start of construction works for its new production factory, near Bucharest, with approximately 5.000 sqm capacity. Using cutting-edge technology, the factory will produce custom-made furniture and it is planned to start operations early 2022.
P3 Logistic Parks receives two new tenants in the P3 Bucharest A1 community, Interdecor Distribution and Field Star, which together occupy more than 6,000 square meters of storage and office space.
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young.
CTP, the largest owner and developer of logistics and industrial spaces in Romania, has entered into a long-term partnership with Rohlik Group ("Rohlik"), one of the European leaders in the field of online food deliveries, which announced this year that wants to expand in Romania.
The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite for office buildings, according to the Romania Investment Marketbeat, launched by the Cushman & Wakefield Echinox real estate consulting company.
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