Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased.
SLS Cargo, the logistics and transport operator owned by FAN Courier, inaugurates the first intermodal terminal it operates exclusively, following an investment made in P3 Bucharest A1, one of the most modern and advanced industrial parks in Romania. With this, SLS Cargo confirms its medium and long-term development strategy announced in 2020, immediately after joining the FAN Courier portfolio.
MLP Group has just launched a project to expand the MLP Bucharest West logistics park. The new building of about 16,000 sqm, being developed on a speculative basis, is scheduled for completion by the year’s end.
MLP Group enjoys a very good financial standing and a safe capital structure enabling the implementation of long-term strategic goals. This is confirmed by the results announced for the first quarter of 2023. During the period, consolidated revenue rose 51% yoy, to PLN 94.7 million, driven by increases in both leased area and rental rates. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 59%, to PLN 47.8 million. In the first quarter of 2023, MLP Group earned a net profit of PLN 26.1 million. Since the beginning of the year, the Group’s net asset value (NAV) has gone up 1%, to more than PLN 2.5bn. The value of investment property also rose 1%, to close to PLN 4.5bn.
SPEEDWELL, one of the major players on the Romanian real estate market, continues its ambitious expansion plans on the industrial-logistics segment with the acquisition of a new plot of land in Popesti-Leordeni, destined for the second SPACEPLUS development. The new light industrial building will be developed on a plot of 15,000 sqm and will offer a total rentable area of approximately 8000 sqm.
The industrial and logistics market registered a new record year both in terms of supply and demand, with development being concentrated in the Bucharest – Ilfov and West regions. However, other areas have also benefited from consistent investments in such projects in the last few years, with demand being mainly driven by logistics and retail companies.
After the recent construction works start at the Ploiești and Bucharest projects, ELI Parks announces a new logistic park in Oradea, successfully continuing its national development strategy.
2022 ended with solid activity levels for industrial and logistics, with some 830,000 square meters of leasing deals closed, significantly up from 675,000 square meters the previous year, according to the annual report released by Colliers, with the note that probably none of these results reflect the true depth of the local market, because the only information included is publicly available (either deals reported by the local research forum or deals communicated via press releases or in reports for investors in the case of listed companies).
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