VGP, a pan-European supplier of high quality logistics and semi-industrial real estate, announces the beginning of the development of its new business park in Brașov, in the central part of Romania.
The Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased a space of approximately 10,000 square meters in the Metav industrial park in northern Bucharest, to build a semi-automatic warehouse, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox.
The distributor of veterinary medicines and services Vetro Solutions is investing 4.5 million euros in a veterinary medicine factory, which will be built in Iasi until 2021, according to a company announcement.
OTP Bank granted one of the largest financing guaranteed through the SME Invest Program, amounting to 8.9 million lei, to the company Rara Invest SRL, to support the development investments of the logistics operator.
CTP, the largest developer and long-term administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, continues its expansion plans and successfully inaugurates a new logistics space for one of the largest retail companies in Romania. CTP delivers to Profi Romania a high-performance, one-piece and single tenant building, which covers extensive storage needs, both in terms of temperatures and load capacity.
The third quarter brought an increased activity on the industrial spaces sector, where retail and related services companies, respectively courier and logistics, rented over 300,000 sqm, having a share of 50% of total transactions, double compared to 2015, the report CBRE Market Snapshot Q3 shows.
The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the covid-19 crises.
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, announces its expansion plans for the Transylvania region. The developer intends to double the leasable area of logistics spaces in Transylvania by 2023, through investments of EUR 50 million in the expansion of logistics parks around Timisoara. Some of the spaces included in the construction plan are already rented to companies in the logistics and production sectors.
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