CTP, the largest owner of industrial and logistics parks in the region, plans to acquire one of its main competitors on the local market, P3 Bucharest, which owns a 104,000 sqm project in western Bucharest. CTP could cross the three million sqm threshold of warehouses locally.
CBRE Romania, the leader in real estate consultancy, has mediated a strategic transaction in the production sector. Rus Savitar, one of the largest furniture and chipboard manufacturers in Romania, has sold its factory in Dudeștii Noi, Timiș County, to UE Furniture, a global leader in the production of chairs, armchairs, and sofas. The transferred property consists of 120,000 sqm of land and 60,000 sqm of buildings.
GLGH Steel, LLC, a subsidiary of Chicago-based investment company Great Lakes Global Holdings (GLGH), has agreed to acquire Artrom Steel Tubes S.A., a leading Romanian manufacturer of seamless steel tubes based in Slatina and Reșița. The deal, finalized in November with Artrom's former Serbian owners, is pending regulatory approval from Romanian authorities.
The Romanian real estate investment market closed the first three quarters of 2024 with transactions totalling almost 650 million euro, a threefold increase compared to the same period last year. According to Colliers’ Q1-Q3 CEE Investment Scene report, transaction activity was mainly driven by industrial and retail assets. At a regional level, investment volume grew by around 24% year-on-year, with Romania recording the strongest performance among the six largest economies in Central and Eastern Europe (CEE-6): Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia.
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition.
Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, following Poland and Czechia, surpassing Hungary and Slovakia. The retail and industrial segments were the main drivers on the local market, accounting for 90% of the total volume, while office transactions comprised just 4%, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
WDP acquires a portfolio comprising 136,374 m² of leasable area in standing assets and a large plot for future development with total potential GLA of over 300,000 m² in Greater Bucharest, Constanta, and Targu Mures, Romania, representing an investment of around 110 million euros. The portfolio consists of three Class A warehouse and light industrial projects, let to a variety of high-class tenants. The seller is a joint venture between Globalworth and Global Vision, leading real estate investors in CEE.
Deloitte Romania assisted the Belgian industrial and logistics real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture between Globalworth and Global Vision. The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta, with a total potential gross leasable area (GLA) of over 300,000 sqm, for development in the near future. The transaction was signed in June and closed in July 2024, having an estimated value of 110 million euros.
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