CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics space in Western Romania: CTPark Arad West. This latest scheme is located in Arad, an important industrial centre and transportation hub, close to both the Hungarian and Serbian borders. The first phase of CTPark Arad West comprises approximately 44,000 sqm and is already over 40% pre-leased, being scheduled for completion in the first quarter of 2024.
The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.
The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.
Diehl Controls, part of Diehl Group, started the construction of the new factory within CTPark Brasov, 2023. Production will start in mid-2024 and by 2027, approximately 600 employees will manufacture up to twelve million electronic systems annually.
Ekol Romania, a crucial component of the Ekol group’s European operations, is a reliable logistics partner for its customers. Today, it operates from Bucharest and Timișoara. Ekol Romania offers road, air, and maritime transportation as well as warehousing and domestic delivery services. It handles national deliveries within 24 to 48 hours.
Colliers Romania manages over 680,000 square meters of real estate in Bucharest, Cluj-Napoca, Timisoara, Brasov, and Arad, of which 590,000 square meters are offices and the rest industrial warehouses, providing asset management and administration services for annual budgets of over 26 million euro. In regional cities, Colliers consultants are seeing increasing numbers of developers and owners choosing to optimize building management and maintenance costs by outsourcing such services.
Globalworth, the preeminent player in the office real estate sector in Central and Eastern Europe (CEE), continues to strengthen its commitment to sustainability and Environmental, Social, and Governance (ESG) goals in partnership with its tenants. Today, the company announces the completion of another solar plant installation, this time on the rooftop of its Industrial Park West in Oradea, a key asset in the company’s logistics and industrial parks portfolio.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered a warehouse of almost 10,000 sqm in CTPark Bucharest North for the online liquor retailer FineStore.
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