The modern stock of industrial spaces in Romania has exceeded the threshold of 5 million sqm in 2020 and will reach approximately 5.5 million sq m this year, over 60% of the area under construction being already pre-leased.
The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72 percent over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released by Colliers.
The Belgian developer of logistics spaces WDP, in the top 3 developers and owners of logistics and industrial spaces in Romania, will expand the logistics park in Ştefăneştii de Jos, Ilfov County, by developing a distribution center for the Polish online footwear retailer CCC, which also has in its portfolio the site epantofi.ro (with the Polish name of Eobuwie).
CTP, CEE’s largest logistics property developer announces 15% annual growth to reach €344 million of annualised rental income by the end of 2020. With a portfolio of 6.3 million m² and 740 thousand m² under construction at year end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA in the Czech Republic, Romania and Serbia while announcing new developments in Austria, Poland and Bulgaria.
CTP, CEE’s largest industrial property developer, enters a strategic partnership with Poland-based MDC² to develop full-service business parks throughout Poland. Construction in the first three locations will start in Q1 2021 and CTP will invest EUR 200 million during the first year of the project.
Logistics and industrial spaces developer WDP has €116 million worth ongoing projects in Romania, according to data from the 2020 financial report issued by the company.
The developers of industrial and logistics spaces completed last year new projects with an area of about 600,000 square meters, thus maintaining the investment plan announced at the beginning of the year, despite the COVID-19 crisis.
Zacaria has maintained a good pace of transactions throughout 2020, despite the Covid-19 pandemic, managing to reach the threshold of 47,000 m2 of leased industrial space, through new contracts or the extension of existing ones. The Romanian developer has fully leased the industrial park in Craiova, and the newest project in Sibiu, with an occupancy rate of 93%, is very close to being fully occupied.
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