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Warehouse Market News

CTP continues the investment in CTPark Bucharest North through a new development of 95,000 sqm, as an industrial park

CTP, the largest developer and administrator of class A industrial and logistics spaces in Romania, continues the development of CTPark Bucharest North with new buildings with a total area of 95,000 sqm.

Oresa investment fund to develop its second industrial park in Romania

Swedish investment fund Oresa, active in central and eastern Europe, took over from Immofinanz a retail park in Arad (Armonia) and will convert it into a mixed-use park with industrial and retail functions.

Número Uno to use P3 Bucharest A1 as their logistical hub for the CEE region

P3 Logistic Parks announces the consolidation of its partnership with the local subsidiary of the international group Número Uno by signing a long-term lease agreement for the 3,000 square meters of logistics and office space that the tenant occupies within P3 Bucharest A1.

Cargus opens nine new warehouses in 2021 and invests over € 2 million in logistics centers

Cargus opened nine new, modern logistics warehouses this year, located in strategic geographical areas for the courier industry: Brașov, Buzău, Miercurea Ciuc, Zalău, Cluj, Pitești, Târgoviște, Alba-Iulia and Vaslui (opened in 2018, but modernized in 2021).

Corratec opens 300,000 unit factory in Romania

The new Corratec facility is located in the outskirts of the Romania city of Timișoara.

The demand for logistics and industrial spaces reached 562,000 in the first 9 months of 2021, a slight decrease

The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company.

CTP Beats Targets as Profit Year to Date 2021 Jumps 92% year-on-year

CTP, the EU’s leading listed developer and owner of logistics real estate by gross lettable area (‘GLA’), reported a 92% rise in profit for the first nine months 2021 to €317.8 million, compared with €165.8 million for the same period of 2020. The company's portfolio reached 7.1 million sq m, of which 2 million sq m are in Romania.

TOPBAND Europe rented 11,000 sqm in Olympian Park Timisoara

TOPBAND Europe has rented 11,000 sqm area of industrial spaces in the Olympian industrial park in Timișoara. This transaction represents the entry of the Chinese company into the Romanian market.

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