P3 Logistic Parks (“P3”) closed transactions for 78,000 square meters of office and logistics space in Romania in the first nine months of this year. Of the total transactions, 34% are new long-term contracts (26,533 sqm) and two thirds are short-term contracts or extensions of existing contracts (51,505 sqm).
CTP, continental Europe’s largest listed owner, developer and operator of logistics and industrial real estate by gross lettable area, has welcomed Germany’s Diehl Controls, a leading global high-tech manufacturer, as the maiden tenant at its new 50,000 sqm business park at the city of Brașov in central Romania.
CTP, the largest owner and developer of industrial and logistics space in Romania, has extended its partnership with QeOPS, one of the leading providers of e-fulfillment services and customized logistics solutions in Romania. With this expansion, QeOPS has increased its occupied warehouse space in CTPark Bucharest to approximately 15,000 sqm.
ORESA INDUSTRA announces the expansion of the area of the SOLO logistics park in Letcani commune, Iași county, which will reach over 35,000 m2 in the second half of 2023. After obtaining the construction permit, the company will build a new warehouse of 10,000 m2, available for rent to companies national and international with local logistics needs.
The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate consultancy company.
The evolution of the Romanian industrial market in the first nine months of the year confirms analysts' expectations regarding the possibility of setting a new historical record by the end of 2022, thus continuing an upward trajectory started in 2018.
CTP has signed a new partnership with Kuehne+Nagel for the development of a 50,000 m2 regional distribution center that will serve the markets of Romania, Bulgaria and Greece
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