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.
In 2019, a total of 1203 industrial projects were identified and monitored, projects focused on the development of storage facilities (logistics spaces and logistics parks), according to victa.ro.
Element Industrial announces the development of a 60,000 sqm logistics park in Craiova, a total investment of 35 million EUR. The company will build the industrial project on an 11-hectare plot of land, near the Ford factory and the south ring road of the city, with direct access to the E70. The intention of the developer is to deliver ELI PARK Craiova in three phases, a large-scale logistics park designated to serve the southwestern part of the country.
The office space segment was the star of first quarter of the year, with about 110,000 square meters traded, according to a recent analysis of the real estate market activity in the first quarter of the year, on the segments of office space, retail space and industrial and logistics space, conducted by CBRE.
Globalworth, the leader of the office market in Romania and Poland, launches the Global Logistics brand, which will incorporate all its logistics assets as part of its strategy to strengthen its position on this rapidly growing segment, and announces the launch of a logistics project in Chitila (Ilfov), with an area of approximately 77,000 square meters, following an investment of 35.5 million euros, which will be built in partnership with Global Vision.
CTPark Sibiu II takes shape, the first A Class warehouse is already up and ready to receive its first tenants in about two months. The property is located 4 km from the center of Sibiu, in the western industrial area, on the administrative territory of Cristian commune and near the airport, with easy access to the A1 motorway.
Natuzzi, Italy's largest furniture maker, will relocate starting this month, part of Italy's production at the Romanian factory, a move aimed at lowering labor costs and improving profitability.
CTP, a major logistics and industrial parks developer and administrator has exceeded one million sq m of leasable area of industrial and logistics projects in Romania and continues to expand.
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