Global Vision will start an investment of almost 70 million euros this year in Bucharest Airport Park near Otopeni Airport to attract both SMEs and a potential cargo terminal in the future, according to zf.ro
The growth of online commerce and the need for new storage space leads to an acceleration of the deliveries of new logistics spaces at national level, the consultants estimating that in 2022 the threshold of 6 million sq m will be exceeded, according to zf.ro.
CTP, the EU’s leading listed developer and owner of logistics real estate by gross lettable area (‘GLA’), reported a 92% rise in profit for the first nine months 2021 to €317.8 million, compared with €165.8 million for the same period of 2020. The company's portfolio reached 7.1 million sq m, of which 2 million sq m are in Romania.
Sacha Dragic, the founder of Superbet, and Ionuţ Dumitrescu, the founder of Element Industrial, will sign a partnership for the development of the ELI Parks logistics park network. Anca Damour is also involved in the project, having 19 years of experience in the real estate and retail area. The association is subject to the authorization of the Competition Council.
CTP's external evaluator, C&W, updated its revenue-generating portfolio valuations for the third quarter of 2021. These valuations indicate the compression of material returns compared to the end of 2020.
The real estate developer QUALIS, with two residential projects under construction in Brașov, is expanding its portfolio into a new niche. The latest project is based on the concept of local production and storage and is materialized in the form of a logistics park that includes multiple elements of sustainability.
CTP, the largest owner and developer of logistics and industrial spaces in Central and Eastern Europe, continues to diversify its projects on the local market and will build the cargo terminal at Oradea Airport. The company was selected to carry out the project following a tender held in August 2021.
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young.
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