VGP, a European provider of high-quality logistics and semi-industrial real estate, signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 square meters, within VGP Park Brasov.
The number of commercial properties acquired by Romanian investors is by far the highest in the top ten. 12 properties were acquired between the beginning of the year and the end of August 2024, with prices ranging from EUR 1.4 million to EUR 44.7 million. The Iride office complex in the Pipera district of Bucharest is the most significant acquisition this year by a Romanian investor, Alin Niculae, shows the latest FORTIM Study.
Cargus announces that the Cargus Mobile App has exceeded the threshold of 1,5 million downloads since its launch, making it one of the most accessed apps in Romania.
Logicor, a leading owner, manager and developer of logistics real estate in Europe, has recently acquired a 4.6-hectare plot of land from toy retailer Jumbo. This land, located on Pallady exit towads Autostrada Soarelui, was purchased in a deal brokered by real estate consultancy firm Colliers.
TransLogistica Romania, one of the most important events dedicated to the transport and logistics sector in Eastern Europe, continues to strengthen its position on the market, attracting an increasing number of companies from the intra-logistics segment. This year, the exhibition promises to be a reference point for the entire industry, providing an essential meeting platform between suppliers and potential customers.
German discounter Penny started the construction works on its fifth warehouse in Romania, a project developed in Mihailesti, Giurgiu County, an investments of EUR 35 million
Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, following Poland and Czechia, surpassing Hungary and Slovakia. The retail and industrial segments were the main drivers on the local market, accounting for 90% of the total volume, while office transactions comprised just 4%, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
RetuRO, the administrator of the Deposit Return System, the largest circular economy project, has opened opening the sixth regional centre for counting and sorting DRS packaging in Almăj, Dolj County, near Craiova, within the Global Vision industrial park. The centre will manage, and process beverage packaging collected from retailers. It will mainly serve the southern part of the country.
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