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 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).
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.
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 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.
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 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.
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.
