The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72 percent over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released by Colliers.
CBRE continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.
The developer of logistics and industrial spaces P3 Romania signed, in 2020, leases for approximately 220,000 square meters of storage and office space, of which 55,000 sqm are new contracts and 165,000 sqm are extensions of existing contracts.
Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.
The Belgian developer of logistics spaces WDP, in the top 3 developers and owners of logistics and industrial spaces in Romania, will expand the logistics park in Ştefăneştii de Jos, Ilfov County, by developing a distribution center for the Polish online footwear retailer CCC, which also has in its portfolio the site epantofi.ro (with the Polish name of Eobuwie).
The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5 percent of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, according to Colliers latest report.
CTP, CEE’s largest logistics property developer announces 15% annual growth to reach €344 million of annualised rental income by the end of 2020. With a portfolio of 6.3 million m² and 740 thousand m² under construction at year end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA in the Czech Republic, Romania and Serbia while announcing new developments in Austria, Poland and Bulgaria.
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