Since the beginning of the year, the volume of transactions in commercial real estate assets with a value of €5 million or more totalled approximately €656 million, 16.5% higher compared to the same period in 2021, out of which €330 million represents the volume transacted in Q3. We see an increase of 28% compared to the previous quarter and 26.5% compared to the same quarter of last year.
The CCC Group, the Polish footwear retailer, is expanding its logistics center in the WDP Ștefăneștii de Jos park to serve the online retailers epantofi.ro and Modivo. The new warehouse will become a regional center dedicated to Romania, Bulgaria and Greece, markets from which the group hopes to achieve 80 percent of its total revenues.
CTP, the largest developer and manager of industrial and logistics space in Continental Europe, has obtained the first BREEAM Outanding certification in its Romanian portfolio for the Clubhaus multifunctional space, part of CTPark Bucharest West.
PepsiCo announces a 100 million USD investment in three new operational production lines and a new automated warehouse, automation capabilities, and a new master plan at the Popesti-Leordeni factory. The investment is to be completed by 2024, resulting in doubling production capacity.
With an area of 5,000 sqm and a storage capacity of over 1 million books, Libris owns in Brasov the largest book warehouse in Romania dedicated to an online bookstore. The company said it transformed the facility into a "green warehouse" by implementing 835 photovoltaic (PV) panels.
Cargus is the new tenant of Globalworth and Global Vision in Constanța Business Park, one of the largest business parks in Southeast Europe. The courier company is consolidating its operations in a class A, ambient warehouse unit, having an area of 2,800 square meters, which also includes an office space of 250 square meters.
In March of this year, Knauf Insulation officially became the owner of the mineral wool factory Gecsat S.A. from Tarnăveni. Knauf Insulation, one of the biggest players on the market of insulating materials, part of the Knauf Group, started the production of mineral wool at the factory in Târnăveni, Mureș County, after the completion of the re-engineering and modernization of the existing production line.
Romania's entry into the Schengen Area will bring numerous benefits for the local transport industry, including the elimination of border waiting time, and the increase of transport capacities and the number of orders, according to DSV Road, the third largest global provider of Transport and Logistics services in Europe. The company estimates that accession to Schengen will generate an average increase in business by 20%.
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