Reff & Associates | Deloitte Legal launches SecuRE, a proprietary digital tool that was created to help real estate owners and tenants manage regulatory compliance requirements, regardless of the kind of property they own or use and of the industry in which they activate.
Fortress, one of South Africa’s largest real estate investment trusts (REITs), has reached an agreement with Element Industrial and Paval Holding to sign an agreement to acquire ELI Park 1, a Class A industrial development in North, the latest logistics hub North-West of Bucharest, Buftea – Chitila, making it their first logistics acquisition in Romania.
Shoe e-commerce retailer Kalapod and NOVOMATIC, one of the best-known gaming companies in the field of gambling, recently joined the Eli Park 1 community in the Buftea-Chitila area, where they rented over 7,000 sq m of class A warehouses to expand their storage capacity in the vicinity of Bucharest.
The real estate developer QUALIS, with two residential projects under construction in Brașov, is expanding its portfolio into a new niche. The latest project is based on the concept of local production and storage and is materialized in the form of a logistics park that includes multiple elements of sustainability.
The real estate developer from Cluj-Napoca, Urbano Parks, consolidates its role in supporting the logistics sector by starting the collaboration with Sameday, the Romanian courier company that has registered the most spectacular growth in recent years.
CTP, the largest owner and developer of logistics and industrial spaces in Central and Eastern Europe, continues to diversify its projects on the local market and will build the cargo terminal at Oradea Airport. The company was selected to carry out the project following a tender held in August 2021.
The volume of transactions with commercial real estate projects could amount to EUR 900 mln this year in Romania, a level similar to that recorded in 2020, according to firm JLL.
In the first semester of 2021, 360,000 square meters of logistics and industrial spaces were leased, a 21% increase compared to the similar period of the previous year, according to the Cushman & Wakefield Echinox real estate consulting company. 200,000 square meters were transacted in the first three months of the year, while developers closed transactions for spaces with a total area of 160,000 square meters in the second quarter.
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