CBRE expanded its Romanian management team by recruiting Gijs Klomp, as Head of Investment Properties for CBRE Romania. Gijs has over 17 years of experience in real estate and was involved in investment transactions worth more than EUR 2.00 billion.
According to Dunwell data, in the first half of the year, about 280,000 square meters were traded in the industrial market, of which over 125,000 square meters were closed by the real estate consultancy agencies, the difference being direct transactions of the developers. About 50% of the total transactions of the first semester were signed in Bucharest, 70% of them being concluded by the consulting agencies. Other trading areas are Timișoara and Ploiești.
The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.
The Chinese investment fund CEE Equity Partners made the payment to Brise Group, one of the largest agribusiness groups in Romania, in the transaction announced in April, for the modernization and development of cereal silos of the Romanian group.
Cluj County has become an example to be followed in terms of economic and real estate development of the area. Recently, investors’ appetite has also extended to the nearby cities, within a radius of about 50 kilometers.
The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.
Warehouse & Distribution De Pauw (WDP), the Belgian developer of logistics and industrial space, declared revenues of 73 million euros in the first quarter of this year. Thus, WDP registered an increase of 12.5% compared to the same period last year, according to the last financial report of the company.
The Dutch-Belgian retailer Mega Image, present locally with more than 700 stores, doubles the surface of the logistics warehouse in Stefanestii de Jos to 8 hectares.
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