CTP, Inevo, the operator of the BabyNeeds.ro brand—an online store renowned for its wide range of children's products—has chosen CTPark Bucharest South as the site for its operational activities.
Oresa Industra, one of the active players on the Romanian logistics and industrial space market, announces the lease of 6,000 sqm to Sellpy, European leader in second-hand sales services. The transaction, brokered by Activ Property Services, marks a new important stage in the development of both companies and consolidates Arad’s position as a reference logistics hub in the Western region.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces that Leroy Merlin Romania, one of the leading players in the DIY market, has leased 8,800 sqm within CTPark Bucharest West, strengthening its logistics operations in one of Europe’s most significant industrial hubs.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased an additional 42,000 sqm to Polish fashion producer LPP at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe. LPP’s latest lease takes its total footprint at CTPark Bucharest West to 131,000 sqm.
The first three quarters of 2024 saw positive developments in Romania’s industrial and logistics real estate sector. Total rental demand reached 520,000 square meters from January to September, marking an 8 percent decrease from the same period last year, according to Colliers data. This data includes only public rental transactions reported in the local real estate forum or publicly disclosed by companies through financial reports and press releases.
Trendyol, the largest Turkish e-commerce platform, controlled by the Chinese group Alibaba, is opening in Romania a distribution center for the markets of southeast Europe in a 20,000 sqm warehouse within WDP Ștefăneștii de Jos logistic park, rented from the Polish group CCC, involved in shoe retailing.
VGP, a European provider of high-quality logistics and semi-industrial real estate, has leased a 4,580 m² space to Rondocarton Romania at VGP Park Timișoara for storage operations. This partnership underscores VGP’s commitment to supporting the expansion of innovative and sustainable companies like Rondocarton by providing efficient and eco-friendly industrial spaces.
The demand for logistics and industrial spaces reached 575,000 sq. m during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to the Cushman & Wakefield Echinox real estate consulting company. The new demand accounted for 86% of the transacted volume.
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