P3 Logistic Parks, the investor and pan-European developer of logistics properties, acquired a 16 hectare plot of land in Dragomiresti Vale, in order to develop a new logistics park serving logistics activity on the northwestern outskirts of Bucharest.
The areas in northern Bucharest, such as Stefanestii de Jos and Chitila, have the potential to form a new logistics hub, according to the real estate consultancy company Colliers International. Over 180,000 sqm of logistics space are to be delivered next year, as the West of the capital has become loaded in terms of the development of industrial and logistic spaces.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the second half (H2) of 2018 with results that substantially exceed the same period of 2017, in what concerns the built and delivered units.
WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million euros, amounting to some 130,000 m² in property, both through new development projects and through acquisitions for existing and new clients. On completion, this new investment package will bring the total property portfolio to around 450 million euros, with projected portfolio investment growth approaching 500 million euros (or 15% of the total WDP property portfolio) by late 2019.
Ten years ago, the financial crisis of particular severity brought countless countries into recession, including Romania. In the last decade, Romania's economy has undergone a number of changes, also marking significant progress, including in the real estate sector, whose prospects for the next 10 years offer an attractive risk / reward profile, according to the Colliers International real estate consultancy Romania.
Profi Rom Food SRL, the company that manages the Profi supermarket network, is expanding the Ploiesti distribution warehouse by approximately 20,000 square meters in Logicor Logistics Ploiesti logistics center, with works to be completed in September.
The growth of the industrial-logistics segment of the real estate will keep its trend of 2017, both in the short and medium term, according to the study conducted by Dunwell, a specialized agency. Consumption growth of 8.4% last year and a transaction value in this sector in 2017 estimated at € 240 million, are the premises of a second record year in logistics and industrial development, with over 500,000 m2 estimated to be delivered up to end of the year.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
