The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.
Warehouse & Distribution De Pauw (WDP), the Belgian developer of logistics and industrial space, declared revenues of 73 million euros in the first quarter of this year. Thus, WDP registered an increase of 12.5% compared to the same period last year, according to the last financial report of the company.
The Dutch-Belgian retailer Mega Image, present locally with more than 700 stores, doubles the surface of the logistics warehouse in Stefanestii de Jos to 8 hectares.
The investment volume from the first semester of 2019 amounted to approximately 410 million euros, up 6% compared to the similar period of last year, when investments were made on the local market with an investment value of 386 million of euros, according to Cushman & Wakefield Echinox calculations and estimates.
The modern industrial stock exceeded the 4 mln. sq m during the first semester of 2019, since a new supply of 240,000 sq m was brought on the market and by the end of 20202 approx. 1 mln. sq m are expected to be delivered, according to the latest research report “Romania MarketView H1” of CBRE Romania.
CTP, the leading premium industrial parks developer and
long-term manager in Romania and Central and Eastern Europe, has entered the Bulgarian market with plans to reach 100,000 square metres of leased space by the end of 2021. Bulgaria is CTP’s seventh country in the Central European region, extending the company’s geographical footprint from the North Sea and the German border to the Black Sea.
Sameday Courier, part of the eMAG group, is about to move from the leased warehouses within the P3 Bucharest logistics park to a new logistic facility, developed by eMAG Logistica.
B. Braun, a subsidiary of the German company on the local market, specialized in providing medical products and services, estimates that in 2021 the construction of the 120 million euro plant will be completed in the village of Sânandrei near Timişoara, which will employ a total of 250 people.
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