VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, has started the construction works to expand building B at VGP Park Brașov. This phase will add an additional 13,813 m² to the existing 20,920 m² already leased, thus addressing the growing demand for modern logistics spaces in the region.
WDP acquires a portfolio comprising 136,374 m² of leasable area in standing assets and a large plot for future development with total potential GLA of over 300,000 m² in Greater Bucharest, Constanta, and Targu Mures, Romania, representing an investment of around 110 million euros. The portfolio consists of three Class A warehouse and light industrial projects, let to a variety of high-class tenants. The seller is a joint venture between Globalworth and Global Vision, leading real estate investors in CEE.
Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
The logistics and industrial park developer ELI Parks, one of the most active on the local market, has signed a long-term lease for a 3,850 sqm space with LPR – La Palette Rouge, within ELI Park Ploiești.
Deloitte Romania assisted the Belgian industrial and logistics real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture between Globalworth and Global Vision. The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta, with a total potential gross leasable area (GLA) of over 300,000 sqm, for development in the near future. The transaction was signed in June and closed in July 2024, having an estimated value of 110 million euros.
German auto parts maker Anton Haering will build a factory worth around 60 million euro ($65 million) in Romania's northern town of Siret, Suceava county, over the next three years, according to the town's mayor, Adrian Popoiu.
Saint-Gobain Romania announces the successful launch of the second plasterboard production plant in Turda, following the conclusion of several production tests that started at the end of last year and the finalization of a complex handover program.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces LPP, one of Central Europe’s fastest growing fashion retailers is moving into a new e-commerce facility at CTPark Bucharest West. LPP, which is already an occupier at the Park is together with CTP, extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the Park to around 90,000 sqm with the new e-commerce facility comprising around 40,000 sqm with the remainder of the building being used as an LPP distribution centre.
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