REHAU Window Solutions inaugurates the Logistics Centre in Cisnădie, an investment of 10 million euro REHAU Window Solutions has inaugurated its investment in Cisnădie, Sibiu county, part of the REHAU Group’s global growth strategy.
Raben Logistics Romania has leased 1,300 sqm of new warehouse space in CTPark Oradea Cargo Terminal, while the company’s lease volume with CTP across Romania has reached 15,000 sqm.
Greek dairy group Olympus, active on the Romanian market since 1999, announced plans to build a EUR 40 million logistics centre near Brasov, in the proximity of its production facility located at Halchiu.
The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
Leading sustainable solutions provider DS Smith Packaging, is increasing its innovation footprint in the Romanian market with an investment of over €13million in its Ghimbav production site. Work at Ghimbav is expected to be completed by the end of 2023, and will support customers’ sustainability goals as well reducing carbon emissions on site.
SLS Cargo, the logistics and transport operator owned by FAN Courier, inaugurates the first intermodal terminal it operates exclusively, following an investment made in P3 Bucharest A1, one of the most modern and advanced industrial parks in Romania. With this, SLS Cargo confirms its medium and long-term development strategy announced in 2020, immediately after joining the FAN Courier portfolio.
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics space in Western Romania: CTPark Arad West. This latest scheme is located in Arad, an important industrial centre and transportation hub, close to both the Hungarian and Serbian borders. The first phase of CTPark Arad West comprises approximately 44,000 sqm and is already over 40% pre-leased, being scheduled for completion in the first quarter of 2024.
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