Globalworth Industrial, the industrial and logistics sub-brand of Globalworth, the leading office investor in Central and Eastern Europe, has begun construction at Constanța Business Park, the largest mixed-use project in Romania.
CTP, the leading developer and manager of premium industrial parks in Romania and Central and Eastern Europe launches a new product for the local market - Premium Business Units. These multifunctional units combine office, production, storage and showroom space into one.
Element Industrial announces the completion of the first phase at ELI PARK 1 Chitila. The warehouse, with an area of 20,000 sq.m, is rented to Turkish-based appliances producer, Arctic. The company has already begun its operations in the new logistic space.
The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.
Warehouse & Distribution De Pauw (WDP), the Belgian developer of logistics and industrial space, declared revenues of 73 million euros in the first quarter of this year. Thus, WDP registered an increase of 12.5% compared to the same period last year, according to the last financial report of the company.
The modern industrial stock exceeded the 4 mln. sq m during the first semester of 2019, since a new supply of 240,000 sq m was brought on the market and by the end of 20202 approx. 1 mln. sq m are expected to be delivered, according to the latest research report “Romania MarketView H1” of CBRE Romania.
CTP, the leading premium industrial parks developer and
long-term manager in Romania and Central and Eastern Europe, has entered the Bulgarian market with plans to reach 100,000 square metres of leased space by the end of 2021. Bulgaria is CTP’s seventh country in the Central European region, extending the company’s geographical footprint from the North Sea and the German border to the Black Sea.
In 2019, a total of 1203 industrial projects were identified and monitored, projects focused on the development of storage facilities (logistics spaces and logistics parks), according to victa.ro.
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