MLP Group, a leading European platform for industrial and logistics real estate, continues its dynamic expansion across key markets. Responding to the increasing demand for warehouse space, the Group is bolstering its market position through strategic investments and agile portfolio management strategies.
Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.
Henkel has rented around 4,000 square meters for its new headquarters located on the 10th and 11th floors of the Equilibrium 2 building, delivered by Skanska in December 2022, according to the online publication profit.ro.
VGP, a European provider of high-quality logistics and semi-industrial real estate, has leased a 4,580 m² space to Rondocarton Romania at VGP Park Timișoara for storage operations. This partnership underscores VGP’s commitment to supporting the expansion of innovative and sustainable companies like Rondocarton by providing efficient and eco-friendly industrial spaces.
The demand for logistics and industrial spaces reached 575,000 sq. m during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to the Cushman & Wakefield Echinox real estate consulting company. The new demand accounted for 86% of the transacted volume.
GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, just set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments.
CTP N.V. (CTPNV.AS), (“CTP”, the “Group” or the “Company”) recorded Rental Income of €488.4 million in the first 9 months of the year, up 15.9% y-o-y. Like-for-like y-o-y rental growth of 4.4%, mainly driven by indexation and reversion on renegotiations and expiring leases. As at 30 September 2024, the annualised rental income came to 702.0 million and occupancy came to 93%.
Logicor, a leading owner, manager and developer of European logistics real estate, has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, the first ‘Last Mile’ logistics hub in the city.
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