CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the extension of the contract for 17,000 square meters of space at CTPark Craiova with Cummins Generator Technologies, a market leader in power solutions and a subsidiary of global power leader Cummins Inc.
Linia Wood&Metal company opens Linia Projects in a new 6,700 square meters leased space in Chitila Logistics Hub, a project developed by Global Vision in partnership with Globalworth. The industrial park has a total area of more than 77,000 square meters and features extensive storage spaces, customized production facilities, and modern office spaces.
E-commerce logistics provider HelpShip has leased 12,500 sqm of warehouse space in CTPark Oradea Cargo Terminal, a project owned by CTP, Europe's largest listed industrial and logistics space developer by gross leasable area.
The Central and Eastern European (CEE) industrial real estate market slowed down in the first quarter of 2024, following a period of sustained growth and record activity in 2021 and 2022, a study by iO Partners shows.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), expands its partnership with Cargus, one of the most important courier companies in Romania, with the inauguration of a new location in Sibiu. This development underscores CTP's commitment to fostering strategic alliances and supporting the growth of its partners.
RetuRO, the administrator of the Deposit-Return System, the largest circular economy project in Romania, opens its fourth regional center for counting and sorting DRS packaging in Otopeni, Ilfov County. Located within the Olympian Park North Bucharest industrial park, the center will manage and process beverage packaging collected both manually, from retailers, and from reverse vending machines (RVMs).
Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Romania ranked second regionally in terms of the Q1 demand, after Poland, the uncontested leader in the Central and Eastern Europe, while surpassing Czechia, Slovakia and Hungary.
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