The most active developers were CTP and WDP, which in total delivered over 90% of the new stock in 2021, followed by VGP, Globalworth and Element Industrial expanded their industrial platforms last year.
In 2021, CTP, the largest player on the logistics market, exceeded the threshold of 2 million sq m of logistics centers nationwide, a threshold exceeded both by new developments and by acquisitions.
"Bucharest attracted almost 60% of the new stock of industrial spaces delivered in 2021. Craiova - 58,000 sqm, Timişoara - 56,000 sqm and Cluj - 50,000 sqm are other destinations preferred by developers last year. In the next period, the share of Bucharest in total deliveries could decrease, one reason being the need to expand the online business to other areas in Romania, where we will see new logistics projects to meet this demand ", said Andrei Brînzea, partner , Land & Industrial Agency Cushman & Wakefield Echinox.
