Logicor, a leading owner, manager and developer of European logistics real estate, has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, the first ‘Last Mile’ logistics hub in the city.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the launch of its first CTBox building in Romania, located within the largest industrial park in Central and Eastern Europe, CTPark Bucharest West.
The Modulis project perfectly aligns with the current market requirements by launching the second phase, which introduces the "Small Industrial Unit" warehouse concept. These units are especially intended for light industry, offering compact spaces, extremely flexible and characterized by a high degree of operational independence.
VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, has started the construction works to expand building B at VGP Park Brașov. This phase will add an additional 13,813 m² to the existing 20,920 m² already leased, thus addressing the growing demand for modern logistics spaces in the region.
Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the successful delivery of 23,000 sqm from CTPark Arad West project, with an additional 20,000 sqm ready for tenant fit-out. The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB, and provides state-of-the-art facilities for logistics and production activities.
VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the completion of the 8th building of VGP Park Timisoara with the handover of the warehouse to Continental Tires Timisoara which will use approximatively 20,000 m² for its tyre storage operations.
Romania's modern stock of industrial and logistics space reached 7.1 million square meters last year, which is the third largest I&L market among the 13 largest economies in Central and Eastern Europe, and developers have construction of more than 500,000 square meters of modern premises, according to the report "ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13" published by Colliers.
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