The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached approximately 450 million euros in 2022, down from almost c.800 million euros a year earlier, according to Colliers estimates.
The increase of labor, real estate and energy costs places Romania on the 8th position in terms of the most attractive manufacturing markets in Europe, after countries such as the Czech Republic, Poland, Hungary or Portugal, while also being ranked 22st globally, according to the Manufacturing Risk Index 2022 study, performed by the Cushman & Wakefield real estate consultancy company.
Supermarket chain Profi recently announced an increase in the area leased from CTP, the largest developer and administrator of logistics and industrial spaces in Romania, in CTPark Bucharest West.
Elvada and Relive Bike RKS Motor are the new tenants in Constanța Business Park, project developed by Globalworthin partnership with Global Vision, one of the largest business parks in Southeast Europe.
SPEEDWELL and Arhivatorul have recently signed a 1,000 sqm lease in the SPACEPLUS warehouse, for a 7-year period. Arhivatorul is expanding its business by renting storage in SPEEDWELL’s project located in north-western Bucharest.
The new automations designed to help companies with high workloads of warehouse employees have generated suspicions amongst people working in this field. In this article we will address and debunk 8 myths that have been created around warehouse automation, starting with generic vs. personalized systems, employees being replaced by robots, the costs involved and the expected results.
Logicor, a leading owner and manager of logistics real estate in Europe, has completed the development of an additional c.23,000 sqm in the state-of-the-art Logicor Bucharest I Logistics Park in Mogoşoaia, 12 km northwest of Bucharest city centre with good access to the Blv Bucurestii Noi and the Bucharest Ring Road.
P3 Logistic Parks (“P3”) closed transactions for 78,000 square meters of office and logistics space in Romania in the first nine months of this year. Of the total transactions, 34% are new long-term contracts (26,533 sqm) and two thirds are short-term contracts or extensions of existing contracts (51,505 sqm).
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