Paragon, an Irish-based group specializing in printing materials production, plans to build a new factory in Buftea on a 20,000-square-meter plot, according to documents reviewed by Profit.ro. The new production unit will be approximately one-third larger than the company’s existing printing facility in Otopeni.
Retailer H&M will open a distribution center in Romania, near Ploiești, 14 years after entering the local market. According to Cushman & Wakefield data, cited by economica.net, this is the largest warehouse delivered last year on the Romanian logistics and industrial market.
CTP, the largest owner of industrial and logistics parks in the region, plans to acquire one of its main competitors on the local market, P3 Bucharest, which owns a 104,000 sqm project in western Bucharest. CTP could cross the three million sqm threshold of warehouses locally.
MLP Group, a leading European logistics and industrial real estate platform, is strengthening its financial structures. Maciej Müldner has been appointed as the new Chief Financial Officer (CFO). An experienced executive, he has spent nearly 20 years contributing to the success of the Skanska Group in Central Europe. His expertise in corporate finance at the European level will support the continued dynamic growth of MLP Group.
Developers completed new projects with a leasable area of 572,000 sq. m across the country in 2024, reflecting a 27% growth when compared with 2023, while the total industrial & logistics stock in Romania reached almost 7.6 million sq. m at the end of Q4. The development activity returned to growth during 2024, after a year (2023) which witnessed a 46% y-o-y decrease of the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
Romania's industrial and logistics space market continued to grow in 2024, with deliveries of approximately 400,000 square meters, bringing the total stock to 7.4 million square meters, according to the annual report published by Colliers. Representatives of the real estate consultancy say that the current stock of industrial and logistics spaces, estimated at 8 million square meters by the end of 2025, remains modest compared to countries such as Poland, which has a volume four times larger.
Almost 90% of commercial real estate companies (commercial spaces, business centers and office, logistics premises) expect their revenues to increase in 2025, but remain cautious about the changing market conditions, and 60% anticipate an annual growth of more than 5%, after two consecutive years in which most participants expected revenue declines, according to Deloitte 2025 Commercial Real Estate Outlook. At the same time, more than 68% of participants (compared to 27% last year) expect real estate fundamentals to improve across areas such as cost of capital, capital availability, property prices, transaction activity, rental growth, and vacancies.
Real estate investments in Romania reached EUR 750 million in 2024, registering a 58% increase over the previous year, although slightly below the annual average of EUR 800 million reported over the past decade, according to Colliers' annual report.
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