Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be the next 12 months’ priority for 37% of them, down from 58%, at the beginning of the pandemic. The ranked second priority is organic growth of business (up from 13% to 18%), followed by digitalization (11%), as work from home and internal process automation have become crucial in most of the fields.
Maracana, one of the leading European logistics companies is now a tenant at MLP Bucharest West. In January 2021, Maracana signed a contract with MLP Group to lease more than 5,000 m2 of modern warehouse space. MLP Group was assisted in completing the transaction by JLL, a real estate services company responsible for commercialising the entire project in Romania.
Globalworth and Global Vision announce new tenants for the first phase of the Constanța Business Park project. Mobexpert is among the new members of the Globalworth Industrial community, Globalworth's logistics and light industrial sub-brand. The leading company on the Romanian furniture market leased an area of approx. 2,000 sqm. Continuing the global eCommerce growth trend, the space will include office and storage areas meant to serve Mobexpert’s clients in South-Eastern Romania.
CTP B.V. raised €500 million with their third green bond issue on February 18th 2021, increasing the total raised from Green Bonds to €1.55 billion since their inaugural issuance in September 2020.
Commercial real estate playersin Romania will be inclined to conclude contracts forshorter periodsthan before the pandemic, as almost 80% of owners, developers and investorsin this field consider contractual adjustments and flexibility to be the main attributes that will count for tenants and end-users whenthe health crisis ends, according to Deloitte Romania Commercial Real Estate Survey 2021.
The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72 percent over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released by Colliers.
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