CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion process, both nationally and internationally, throughout 2018. The company will finalize almost 70,000 m2 GLA located in the parks from Cluj-Napoca, Pitești and Timișoara. CTP also expanded its international portfolio, from 4.1 million m² of A-Class properties, to 4.5 million m² situated in more than 80 strategic locations.
Zacaria real estate developer signed one of the largest rental contracts in 2017 for industrial space in Sibiu, with the German company Kuka Systems, expanding its operations in Romania. The new Kuka production facility, over 10,000 square meters, located in Network Industrial Park in the East of the city, is a built-to-suit project.
The industrial, logistics and office sectors in Bucharest were the engines of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period.
Real estate developer Zacaria, with a portfolio of approximately 300,000 square meters of industrial space and offices in several cities in Romania, will expand its Western Industrial Park project in Oradea with more than 6,300 square meters, the total area of the park going to reach 25,000 square meters until the spring of next year.
Logicor, one of the most important logistics owners and operators, announces the completion of the development of a new logistics warehouse of 40,000 sqm near Bucharest.
Polish MLP Group announced its first investment on the industrial property market in Romania, a logistics center to be developed through its Romanian subsidiary MLP Bucharest West SRL near Bucharest, in Chitila, on an 18.8 ha plot of land.
Romania's industrial and logistics sector will record a record level of deliveries of approximately 480,000 square meters this year, while in the retail market the deliveries of new spaces will be at a minimum of the last 14 years with a level of about 70,000 square meters, according to a new study published by Cushman & Wakefield Echinox.
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