P3 Logistic Parks (“P3”) has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space in the P3 Bucharest A1 park. Interbrands has been a customer of the park since 2006 and has decided to move to a larger warehouse that can accommodate Orbico Group's expansion for operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.
Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased an area of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by the Belgian logistics real estate expert WDP.
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, a leading global alternative investment manager, for a net consideration of approx. €950 million.
Transilvania Construcţii, Cluj-based company with over 60 years of experience in the real estate field, announces the expansion of the TRC Park Cluj logistics park, located in the Tetarom III area of Jucu-Herghelie, with over 40,000 square meters dedicated to the industrial and logistics sector.
The real estate developer CTP, the largest owner of warehouses in Romania, intends to purchase the Equest Logistic Center park, located on the western outskirts of Bucharest, from the British Equest Balkan Properties fund at a price of about 28 million, according to Profit.ro estimates.
The Dutch-Belgian retailer Mega Image, present locally with more than 700 stores, doubles the surface of the logistics warehouse in Stefanestii de Jos to 8 hectares.
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.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
