VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the results for the financial year ended 31 December 2022.
After the recent construction works start at the Ploiești and Bucharest projects, ELI Parks announces a new logistic park in Oradea, successfully continuing its national development strategy.
VGP, a European provider of high-quality logistics and semi-industrial real estate, has concluded a partnership with Golden Provider Distribution, one of the most important distributors of food products for the HoReCa field, for an area of 4200 sqm within VGP Park Bucharest Nord. At the end of last year, Golden Provider Distribution increased its storage capacity by relocating the warehouse in VGP Park Bucharest Nord, in a new, larger location, with areas dedicated to the storage of ambient, refrigerated and frozen products.
2022 ended with solid activity levels for industrial and logistics, with some 830,000 square meters of leasing deals closed, significantly up from 675,000 square meters the previous year, according to the annual report released by Colliers, with the note that probably none of these results reflect the true depth of the local market, because the only information included is publicly available (either deals reported by the local research forum or deals communicated via press releases or in reports for investors in the case of listed companies).
Record – a single word can describe the performance of the Industrial and Logistics (I&L) market in Romania in 2022, the best year ever recorded by logistics players.
The Romanian investment market recorded transactions of over 1.25 billion euros last year, well above the 890 million euros result in 2021, ticking the highest value since 2007, according to the 2022 Annual Report released by Colliers. The market volume was boosted greatly by the closing of CA Immo’s divestment of their office portfolio in Romania, a 377 million euros deal, which has also set a new record for the largest deal closed on the local market.
The real estate market hit a record investment in 2022, when it managed to exceed a historic milestone of 1.25 billion euros, an increase of 36% compared to the previous year, according to the latest CBRE report - "Market Outlook 2023".
CBRE, the global leader in the real estate consulting market, appoints Daniel Cateliu as Director in the Industrial & Logistics department, as part of the company's strategy to strengthen its team of senior consultants and expand its local market share on Industrial & Logistics sector.
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