Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Romania ranked second regionally in terms of the Q1 demand, after Poland, the uncontested leader in the Central and Eastern Europe, while surpassing Czechia, Slovakia and Hungary.
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level.
Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the proportion expecting a decrease has fallen to 16%, from 57% in 2023.
Argedava Novaci Agricultural Cooperative, which cultivates a total of 800 hectares of land in several counties around Bucharest, wants to invest 8 million euros in an onion storage and conditioning warehouse.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 3,600 sqm of production space at CTPark Oradea Cargo Terminal, Romania’s pioneering industrial park featuring an air cargo terminal, to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology. Etron Technology decided to expand their worldwide presence (China, Vietnam, Mexico, Singapore) by setting up a high-tech production plant in Europe at CTPark Oradea Cargo Terminal.
Symmetrica, a Romanian company that produces pavements, curbs, and vibro-pressed gutters for pedestrians and roadways, said it’s investing EUR 48 million in a new concrete pavements factory. Located in Bolintin Vale, near Bucharest, the new unit will be inaugurated this autumn.
The local team, led by Luana Costecu-Guran, Managing Director at Loedige Machine SRL and Ralf Gapp, Chief Production Officer of Lödige Industries, has already grown significantly to around 130 employees. Now, with more than 8,000 square metres, almost twice as much factory space is available for production and storage. In Brasov, Lödige Industries produces lifting and conveying technology for projects worldwide. Construction works for the hall extension began in March and have now been completed on time. The opening was celebrated with a big ceremony.
PepsiCo, a leader in the food and beverage industry, announced a USD 13 million investment in installing a fully automated production line at its soft drink factory in Dragomirești, Romania. The move is aimed at strengthening the company’s position as a regional production and distribution hub for Central and South-Eastern Europe.
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