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Warehouse Market News

The firstColliers Hackathon brings artificial intelligence in the local real estate market

The real estate consultancy company Colliers International Romania organized, between November 30th and December 1st, the first Colliers Hackathon, a programming marathon dedicated to the company’s Banking Products division, the leader in the periodic evaluation of residential portfolios, in accordance with the requirements of the National Bank of Romania.

MLP Bucharest West to house banana ripening facilities

One of Europe’s largest distributors of bananas marketed under the Yellow brand name is set to become a tenant at MLP Bucharest West in the first quarter of 2020. MLP Group was once again assisted by Dunwell, the leading industrial real estate agency in Romania.

Delayed transactions in Romania could reduce this year’s investment volume locally

For the first three quarters of 2019, the CEE region has recorded an investment volume of ca. €9 billion.

The global commercial real estate industry continues to grow, despite economic volatility

Global commercial real estate leaders are optimistic about the industry’s prospects over the coming year, despite global economic volatility, according to Deloitte 2020 Commercial Real Estate Outlook. 76 percent of respondents expect a positive evolution of the industry in the next period. The survey shows that that the tenant experience has become a top priority for most commercial real estate leaders, with a focus on investment in new technologies.

The Romanian industrial market could feel major effects from a hard Brexit

Overall, industrial and logistics take-up increased some 40% in the first three quarters of 2019, to 306,300 sqm, but this figure is nearly 27% below 2017’s same period. 2019 still looks like a solid year overall (including the fourth quarter).

Colliers International strengthens its local leadership team

Colliers International has expanded its partnership with the promotion of fivenew Partners. Laurențiu Duică (Head of Industrial Agency), Simina Niculiță (Head of Retail Agency), Sebastian Dragomir (Head of Office Advisory), Raluca Buciuc (Head of Valuation Services) and Octavian Trofin (Head of Operations) have all been named Partners, effective November 1st.

Colliers manages the first logistics park developed by Element Industrial north of the Capital

The real estate consultancy company Colliers International Romania has been assigned to offer property management services for the first phase of the industrial park ELI Park 1, with a total area of 20,000 sqm.

The new demand generated almost half of the transactions of industrial spaces

The real estate market continued to show a positive evolution, and in the third quarter of 2019, the positive trend applied to all three leasing sectors, according to CBRE Research data.
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