eMAG, the leader of the local online retail market, will invest 90 million euros in a new logistics center, at km 19 of the A1 motorway, which will cover an area of 130,000 square meters. Construction work will begin this month and will be completed in September next year, and all automation and technology will be operational by July 2022.
TP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest - CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 Highway, which makes it extremely easy to reach and transit. The total value of the investment in the new logistics park amounts to EUR 65 million.
Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.
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
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