South African Fortress Investment Fund, which owns 23% of NEPI-Rockcastle shares, is discussing with Dedeman and Element Industrial the takeover of an industrial park in the Chitila-Buftea area to acquire the ELI Park 1 logistics park in Chitila, according to real estate sources, quoted by ZF.
European commercial real estate developer CTP has the most environmentally-friendly industrial real estate portfolio in Central and Eastern Europe. In total, 292 CTP buildings at around a hundred different locations in six countries have confirmed their BREEAM In-Use status at the Very Good level or higher. A number of properties have reached the Excellent level. This means that the company is the greenest developer of industrial real estate in CEE and ranks among the best in Europe.
Mega Image becomes the tenant of Globalworth and Global Vision, in Chitila Logistics Hub. The food retailer leased a warehouse with a total area of 4,500 square meters, with temperature-controlled areas and office spaces within the logistics hub developed in the northwest of Bucharest.
In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm.
The developers of industrial and logistics spaces completed last year new projects with an area of about 600,000 square meters, thus maintaining the investment plan announced at the beginning of the year, despite the COVID-19 crisis.
Carrefour extends the lease for a space of approximately 85,000 sqm in the P3 Bucharest A1 industrial park, in the west of Bucharest, this being one of the largest transactions in the local logistics market.
We all know the feeling. When the weather outside is terrible but we are able to observe it only as spectators, safe and comfortable inside. There is a Danish word for this feeling: “hygge.” It describes the quality of coziness from being warm in cold weather. It is associated with wellness and contentment—and occasionally used to sell thick wool socks and bearskin rugs. “Hygge” hit popular culture a few years ago but it’s not a trend that’s going away. It is a way of life and an aesthetic.
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