The market of industrial spaces continues to develop in the western part of the country, after the stock has doubled in the last 10 years, becoming the second largest market after Bucharest, according to CBRE data.
As COVID-19 continues to close certain logistical, commercial, or office spaces, companies need to ensure that fire detection and extinguishing systems are functional and that they can protect people's lives, the value of stored goods, and the building.
Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased an area of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by the Belgian logistics real estate expert WDP.
Urbano Parks, a company founded by entrepreneurs Mircea Ilea, Alexandru Şerban and Daniel Paraschiv from Cluj-Napoca, announced that over 95% of the construction works in phase I have been completed, and the infrastructure part of the park, interior installations and office finishes are in progress.
The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate consulting company Cushman & Wakefield Echinox.
The local entrepreneur Daniel Guzu has stopped for the moment the development plans of a warehouse and an office building, located on the Bucharest-Ploiești Road, on a 6,700 sq m plot.
Element Industrial, one of the youngest players on the logistics space market in Romania, launches a new line of business based on the concept of proximity storage.
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