With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania.
The activity in the industrial-logistics sector is growing at the beginning of spring: over 900 projects are underway, at various stages, at national level, according to the consulting company IBC Focus, which monitors construction sites in Romania.
WDP Romania, a developer of logistics and industrial spaces, has under construction warehouses with an area of over 180,000 square meters in several cities in the country. The investment in these projects amounts to 133 million euros.
According to the data analyzed with the help of the only virtual sales assistant at construction sites, VICTA.ro, in 2021, 5347 projects in the industrial sector were identified at national level.
Global Vision will start an investment of almost 70 million euros this year in Bucharest Airport Park near Otopeni Airport to attract both SMEs and a potential cargo terminal in the future, according to zf.ro
The growth of online commerce and the need for new storage space leads to an acceleration of the deliveries of new logistics spaces at national level, the consultants estimating that in 2022 the threshold of 6 million sq m will be exceeded, according to zf.ro.
CTP, the EU’s leading listed developer and owner of logistics real estate by gross lettable area (‘GLA’), reported a 92% rise in profit for the first nine months 2021 to €317.8 million, compared with €165.8 million for the same period of 2020. The company's portfolio reached 7.1 million sq m, of which 2 million sq m are in Romania.
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