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.
Global commercial real estate leaders are optimistic about the industry’s prospects over the coming year, despite global economic volatility, according to Deloitte 2020 Commercial Real Estate Outlook. 76 percent of respondents expect a positive evolution of the industry in the next period. The survey shows that that the tenant experience has become a top priority for most commercial real estate leaders, with a focus on investment in new technologies.
Continental, a technology company, has begun work to expand the existing office building. The building was designed for up to 1,700 seats, as well as a full test and validation area for products developed within the company.
The investment volume of investment in the office market could increase this year to 500 million euros, from 160 million euros in 2017, as 2018 is a year of turning in this segment, the projects underway for the next period including centers offices with an average surface area of more than 50,000 square meters, compared to an average of 20,000 sqm in those traded up to now, according to the report of the Colliers International real estate consultancy company.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West, which is designed to become the largest logistics park in Eastern Europe, with the fastest growth rhythm in Romania. The total investment in the CTPark Bucharest West will exceed 150 million euros by the first quarter of the next year
CTP, one of the largest investors in logistics and industrial spaces on the local market, has in plan to invest a quarter of billion Euros in Romania in the following two years, says Remon Vos, CEO of the company.
CTP’s portfolio of A-class industrial properties exceeds 500,000 square meters in Romania and the company is planning to extend the portfolio to 1 million sqm by 2018. CTP has made local investments worth over EUR 250 million.
DPD Romania, one of the largest players on the local parcel and express delivery market, has inaugurated a new logistics center in Mogosoaia, near Bucharest.
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