Corteva has pre-leased approximately 23,000 sq m of industrial space in a built-to-suit warehouse located in the north-east of Bucharest and developed by Lazar Real Estate, part of International Lazar group. The transaction was advised by CBRE.
In 2020, the real estate market registered a 32% increase in investments, the largest transactions accumulated over 2020 mil. Eur, the office segment excepts more than 230.000 new sqm this year, the industrial sector achieved an increase of 60% of new leases compared to the previous year, and the residential section noted an increase of up to 20% in prices for luxury housing, according to the annual report of Crosspoint Real Estate.
In a transaction worth 18 million euros, two industrial parks located in western Romania add to the portfolio of logistics and industrial properties of Globalworth, the largest office owner in the country and one of the major players in the industrial space market. The acquisition was made from the giant's industrial development partner, Global Vision.
The local industrial and logistic market started 2021 on a positive trend, the transactional volume in the first three months of the year reaching almost 200,000 square meters, double compared to the similar period of the previous year, according to the data analyzed by the real estate consulting company Cushman & Wakefield Echinox.
In the first quarter of this year, a total of 264,000 sq m of industrial space were rented on the Romanian market, according to the report launched by CBRE, the leader of the real estate consulting market. The traded volume marks an increase of 43% compared to the same period last year, in the context in which 2020 was a record year for the industrial space market.
Sfântu Gheorghe City Hall wants to expand the area of the Câmpu Frumos Industrial Park, built through the Regional Operational Program almost 5 years ago.
One of the most active developers of logistics and industrial spaces in Romania, WDP recently announced the group's results in the first quarter of 2021, as well as its plans for the future.
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