Deloitte Romania assisted the Belgian industrial and logistics real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture between Globalworth and Global Vision. The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta, with a total potential gross leasable area (GLA) of over 300,000 sqm, for development in the near future. The transaction was signed in June and closed in July 2024, having an estimated value of 110 million euros.
NEPI Rockcastle, the largest investor, developer and owner of shopping centers in Central and Eastern Europe, sold the company Otopeni Warehouse and Logistics SRL to River Property in January 2024.
UK-based commercial property fund manager and investor First Property Group completed the sale of Tureni Logistic Warehouse, with a total area of about 8,300 square meters, in a transaction brokered by the real estate consultancy company Colliers.
Alinso Group intends to acquire Metav Business Park in Bucharest. The group will further develop and optimize the park to create inspiring business space for their clients.
Swedish investment fund Oresa, active in central and eastern Europe, took over from Immofinanz a retail park in Arad (Armonia) and will convert it into a mixed-use park with industrial and retail functions.
CTP, the largest developer and administrator of class A logistics and industrial spaces in Romania, with a portfolio of approximately 1,850,000 sqm, has just acquired another 153,000 sqm of industrial spaces expanding its portfolio in Brasov, and enlarging its presence in Timisoara and the South of Bucharest, thus becoming present in 13 cities.
Fortress, one of South Africa’s largest real estate investment trusts (REITs), has reached an agreement with Element Industrial and Paval Holding to sign an agreement to acquire ELI Park 1, a Class A industrial development in North, the latest logistics hub North-West of Bucharest, Buftea – Chitila, making it their first logistics acquisition in Romania.
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