The furniture manufacturer Adore Home from Turkey, active on the Romanian market since 2022, estimates that in 2024 it will register a turnover of 3 million euros on the local market, more than 2 times higher than the level of 1.3 million euros in 2023. In the medium term, the company is considering the construction of a furniture factory in Romania and expansion in nine countries in Central and Western Europe.
E-commerce logistics provider HelpShip has leased 12,500 sqm of warehouse space in CTPark Oradea Cargo Terminal, a project owned by CTP, Europe's largest listed industrial and logistics space developer by gross leasable area.
Investment in production machinery and military equipment in Romania increased by 80 percent last year compared to the pre-pandemic period, well above the EU average of 30 percent, according to Eurostat data analysed by Colliers.
EBM Papst Automotive & Drives Romania plans to build an industrial facility for production, storage, offices, and support services on a plot of land located in the Eurobusiness II Industrial Park. The area of land on Thomas Alva Edison Street on which the facility will be built is 54,453 square meters, and the proposed built area is 14,900 square meters.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), strengthened its Romanian management team with the appointment of Ionuț Puiu as Construction Director starting in May. With this strategic addition, CTP reaffirms its commitment to expanding its portfolio in Romania, poised to surpass the significant 3 million sqm milestone this year.
The Central and Eastern European (CEE) industrial real estate market slowed down in the first quarter of 2024, following a period of sustained growth and record activity in 2021 and 2022, a study by iO Partners shows.
Cushman & Wakefield Echinox closed 2023 with a revenue of EUR 12 million, marking a 15% increase compared with the previous year. This impressive growth propelled the company to the second place among real estate consultants in Romania, in a year marked by a stagnation of this particular business segment.
VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, marks a new stage in the development of VGP Park Timișoara by expanding the logistics park, with the construction of the eighth building. With a generous leasable area of 32,768 m², of which 11,575 m² are still available, this new building offers adaptable and efficient spaces to meet the diverse needs of clients.
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