The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
Polish group Ferro, a manufacturer of equipment for sanitary and heating installations, will invest in a logistics hub in Romania after obtaining financing of EUR 15 mln from BRD. One-third of Ferro Group's deliveries will transit through the hub after 2024.
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods, in Romania and the Republic of Moldova, with almost 30 years of experience in this industry concludes a long-term partnership with Hama, European leader in IT and Communications accessories.
During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put though a set of trials, with some outperforming sectors while others struggling to adapt to changes which no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions.
SPEEDWELL, one of the major players on the Romanian real estate market, continues its ambitious expansion plans on the industrial-logistics segment with the acquisition of a new plot of land in Popesti-Leordeni, destined for the second SPACEPLUS development. The new light industrial building will be developed on a plot of 15,000 sqm and will offer a total rentable area of approximately 8000 sqm.
Logicor, a leading owner, manager and developer of European logistics real estate, has welcomed The Home, a furniture & lighting online retailer to Logicor Bucharest II Logistics Park.
SENARIA, one of the most dynamic local construction project management companies, ends the first quarter of 2023 with a 25% increase YoY. In the first quarter of this year, SENARIA contracted projects for the services provided in the amount of 1 million euros thus predicting at least a doubling of the turnover compared to 2022.
P3 Logistic Parks (“P3”) announces contract renewals and extensions of some of the longest-standing tenants in the local portfolio, Logistic E Van Wijk and HOPI® Logistics. Thus, the two companies are developing their logistics needs within the P3 warehouses and will occupy an area of 20,538 square meters of logistics spaces and offices within the park.
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