One of Romania’s largest distributor of household appliances and home electronics has leased 8,400 m2 of modern warehouse space at MLP Bucharest West. The finished space is slated for delivery to Marelvi Impex in June this year. JLL and Dunwell advised on the transaction.
CTP and a consortium of three banking groups agreed on underwriting package of €1.9 billion for CTP’s Czech industrial portfolio, comprised of 200 buildings, covering 2.7 million m2 of premium industrial space. In the largest real estate transaction to date in Central and Eastern Europe, the 7-year loans provide for the refinancing of €1.6 billion of existing properties and extends €269 million in new financing for projects to be completed in the next 18 months.
In 2019, a total of 1203 industrial projects were identified and monitored, projects focused on the development of storage facilities (logistics spaces and logistics parks), according to victa.ro.
Dacia, the largest company in Romania, is preparing new models, according to Christophe Dridi, general manager of Automobile Dacia and Groupe Renault Romania, who emphasized that from September 2020 will increase the production of the factory to 400,000 cars, by investing 100 million euros.
Continental, a technology company, has begun work to expand the existing office building. The building was designed for up to 1,700 seats, as well as a full test and validation area for products developed within the company.
RE/MAX Romania estimates that the real estate market in Romania has reached about 80 million euros. At the same time, given the rise in European industry figures, which also influence local trends, along with steady growth signals in recent years, experts estimate that this segment has a doubling potential in about 5 years.
Cosmetics manufacturer Avon Romania has put up for sale the distribution center in Chiajna with the intention of renting back the property for 10 years.
The eMAG retailer, owned by the South African group Naspers and businessman Iulian Stanciu, sells the 120,000 square meter warehouse near Joita commune, barely open at the end of last year, and presented as the largest warehouse in Southeast Europe.
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