VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, has started the construction works to expand building B at VGP Park Brașov. This phase will add an additional 13,813 m² to the existing 20,920 m² already leased, thus addressing the growing demand for modern logistics spaces in the region.
Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the successful delivery of 23,000 sqm from CTPark Arad West project, with an additional 20,000 sqm ready for tenant fit-out. The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB, and provides state-of-the-art facilities for logistics and production activities.
VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the completion of the 8th building of VGP Park Timisoara with the handover of the warehouse to Continental Tires Timisoara which will use approximatively 20,000 m² for its tyre storage operations.
Romania's modern stock of industrial and logistics space reached 7.1 million square meters last year, which is the third largest I&L market among the 13 largest economies in Central and Eastern Europe, and developers have construction of more than 500,000 square meters of modern premises, according to the report "ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13" published by Colliers.
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.
VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, marks a new stage in the development of VGP Park Timișoara by expanding the logistics park, with the construction of the eighth building. With a generous leasable area of 32,768 m², of which 11,575 m² are still available, this new building offers adaptable and efficient spaces to meet the diverse needs of clients.
IBB Holding Group, one of the leaders in Romania’s construction industry, has inaugurated a new concrete plant in Mogosoaia, in the northern area of Bucharest, following an investment of 7.5 million RON.
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