The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company.
The German manufacturer of insulating materials Knauf will invest 200 million euros in Romania. The company plans to develop two new production facilities for drywall, metal profiles and insulation materials.
CTP is developing a 98,000 sqm logistics park across the road from Expo Arad, with the possibility of expanding in the second phase of the investment. The park will serve some of the most important carriers in Europe. The construction permit was recently issued, the company also receiving the last approval required to start work.
With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania.
The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.
THETA Furniture & More, one of the most significant Romanian integrators of interior design solutions, officially opened the doors of the new custom-made furniture production factory, in Păulești, Prahova County.
CTP Group, Continental Europe’s largest listed owner, developer and manager of industrial and logistics real estate by gross lettable area (GLA), has recently delivered over 100,000 sqm of space to its tenants (95% leased) in CTPark Bucharest North, which is emerging as a new logistics hub for the Romanian e-commerce market.
What logistics needs do online stores in Romania have, what solutions are available on the market and how can we build smarter cities together? Intermodal & Logistics Magazine, a business publication dedicated to specialists in logistics, supply chain, transportation, procurement and related fields, is organizing the first edition of LogInCity - the first interactive event dedicated to urban logistics.
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