CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the extension of the contract for 17,000 square meters of space at CTPark Craiova with Cummins Generator Technologies, a market leader in power solutions and a subsidiary of global power leader Cummins Inc.
Romania's modern stock of industrial and logistics space reached 7.1 million square meters last year, which is the third largest I&L market among the 13 largest economies in Central and Eastern Europe, and developers have construction of more than 500,000 square meters of modern premises, according to the report "ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13" published by Colliers.
CTP Romania completed the final reception of the construction works of the cargo terminal at Oradea Airport, a private investment of the company, worth over 33 million euros.
CTPark Oradea Cargo Terminal is the first industrial park in Romania with a cargo terminal directly connected to the runway.
Kuhn Romania, one of the leaders in the construction and industrial machinery and equipment market, reached a business volume of over 96 mil. euros in 2023 (75% more than in 2022) and aims to continue investing in company development, territorial logistics, and the team this year.
Linia Wood&Metal company opens Linia Projects in a new 6,700 square meters leased space in Chitila Logistics Hub, a project developed by Global Vision in partnership with Globalworth. The industrial park has a total area of more than 77,000 square meters and features extensive storage spaces, customized production facilities, and modern office spaces.
Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 years of experience in media and real estate.
The furniture manufacturer Adore Home from Turkey, active on the Romanian market since 2022, estimates that in 2024 it will register a turnover of 3 million euros on the local market, more than 2 times higher than the level of 1.3 million euros in 2023. In the medium term, the company is considering the construction of a furniture factory in Romania and expansion in nine countries in Central and Western Europe.
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