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Articles - transactions

The logistics and industrial market was the most dynamic real estate sector in 2020, with total demand up by 72 percent

The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72 percent over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released by Colliers.

The context generated by the pandemic has accelerated the logistical demand and development towards new records

Almost 1 million sq.m transacted and 650,000 sq.m of new spaces delivered

WDP is developing a logistics project in Ştefăneştii de Jos for the retailer CCC

The Belgian developer of logistics spaces WDP, in the top 3 developers and owners of logistics and industrial spaces in Romania, will expand the logistics park in Ştefăneştii de Jos, Ilfov County, by developing a distribution center for the Polish online footwear retailer CCC, which also has in its portfolio the site epantofi.ro (with the Polish name of Eobuwie).

Investment volumes in Romania reached 8.5 percent of the total Eastern European market, almost double compared to 2019

The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5 percent of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, according to Colliers latest report.

Fortress investment fund could enter the Romanian logistics market, by taking over ELI Park 1

South African Fortress Investment Fund, which owns 23% of NEPI-Rockcastle shares, is discussing with Dedeman and Element Industrial the takeover of an industrial park in the Chitila-Buftea area to acquire the ELI Park 1 logistics park in Chitila, according to real estate sources, quoted by ZF.

Mega Image to lease 4,500 sqm in Chitila Logistics Hub

Mega Image becomes the tenant of Globalworth and Global Vision, in Chitila Logistics Hub. The food retailer leased a warehouse with a total area of 4,500 square meters, with temperature-controlled areas and office spaces within the logistics hub developed in the northwest of Bucharest.

Developers maintained delivered about 600,000 square meters of industrial space in 2020

The developers of industrial and logistics spaces completed last year new projects with an area of about 600,000 square meters, thus maintaining the investment plan announced at the beginning of the year, despite the COVID-19 crisis.

Real estate agencies traded over 650,000 sq m of storage space in 2020

Real estate agencies traded over 650,000 sq m of storage space over the past year, all over Romania. The vast majority of contracts were for new agreements, a positive aspect for a rather atypical year from a commercial point of view, according to a Dunwell analysis.
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