Romania's total investment volume reached EUR 183.8 mln. in H1 2023, a 43% decrease when compared with the amount transacted in the first half of the record year 2022.
In a position letter submitted to the Romanian Government, the Association of Real Estate Investors in Romania (AREI) estimates that the proposed fiscal measures targeting the Real Estate and Constructions industry could lead to RON 7 billion in losses from the revenues generated annually to the state budget, the equivalent of a 10-12%decrease in business volume.
CTP N.V. recorded in H1-2023 Net Rental Income of €268.3 million, up 26.8% y-o-y, and like-for-like rental growth of 7.5%, mainly driven by indexation and reversion on renegotiations and expiring leases. The contracted revenues for the next 12 months stood at €654 million as of 30 June 2023.
Companies leased nearly 550,000 sq. m of logistics and industrial spaces in the first half of the year, with over one-third of this volume being related to pre-lease agreements, mainly in projects set to be delivered in 2024.
SPEEDWELL, one of the most active real estate developers in Romania, publishes its 2022 Sustainability Report, the first official ESG reporting document of the company. The report emphasizes core sustainability pillars, identified in relation to stakeholder consultation and global best practices. Furthermore, it highlights the sustainability initiatives undertaken and planned by the company and their relation to business operations and growth. Concomitently, SPEEDWELL announces its Sustainability Strategy, the company’s blueprint for sustainability, risks, and opportunities, emerging from both the strong business and sustainability performance of the company in the past few years on the local market.
Industrial & logistics spaces will play a crucial role in solar energy, as more than half of it will be provided by rooftop solar PV by 2030, according to a study from CBRE, the global leader in commercial real estate services and investments.
TOMRA, the leading global supplier of automated collection systems, has opened a new 4,000 square meter logistics center near Bucharest. The company’s first national logistics center will mainly ensure the operation and maintenance of the equipment that automates the post-consumer takeover of beverage packaging for recycling, serving the entire network of TOMRA collection systems in Romania.
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