Globalworth, the leading office investor in Central and Eastern Europe, has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s clear strategic approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value which remained effectively unchanged at €3.0 billion.
The German group REHAU has put on sale its two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of REHAU Romania offices in central locations and the construction of the new hub in Sibiu by the end of 2022, appointing the real estate consulting company Cushman & Wakefield Echinox to manage the sale process.
The prolific change of 2020 has shaped the real estate industry more than anything else in decades. The digitization had been underway before the pandemic, but the speed of that shift has accelerated in ways that nobody could have predicted.
The modern stock of industrial spaces in Romania has exceeded the threshold of 5 million sqm in 2020 and will reach approximately 5.5 million sq m this year, over 60% of the area under construction being already pre-leased.
Element Industrial announces the appointment of Andrei Jerca as Managing Director of the company. A professional with 14 years of experience in the real estate industry, Andrei has worked for companies such as Europolis, CA IMMO, P3 or CBRE, being involved throughout his career both in the management of a portfolio of 300,000 sqm of logistics space and in the development series of logistics and industrial projects, amounting to 200,000 sqm.
AECTRA Plastics announces the launch of the largest technical polymer warehouse in Romania, the first warehouse built in Romania by the parent group, Hromatka Group.
REHAU Romania, a German provider of solutions for windows, installations and furniture, continues to expand its activity locally and will make an investment of approximately 10 million euros in Sibiu County.
Greek toy and decoration retailer Jumbo has begun construction of its first warehouse in Romania in Popești-Leordeni, within a center that will also include office space, following an investment of about 35 million euros, according to information obtained by Profit.ro.
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