Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.
2015 was a rich year for Romania’s industrial property, with three major transactions in this sector being among the top five largest in the CEE region, according to a report by CBRE, the property services company.
Dutch investment fund Emerging Europe Equity Capital Palmer sold about 1% of the capital of precast concrete manufacturer Prebet Aiud (PREB) through two transactions on Monday and Tuesday, for a total amount of nearly 100,000 lei.
Warehouse & Distribution De Pauw (WDP), controlled by one of the richest families in Belgium, bought a warehouse and office facility of 10,000 sq. m situated in Clinceni in western Bucharest, for EUR 5 million. The space will be leased to Quehenberger Logistics.
The gross take-up of industrial spaces (including relocations, renegotiations and extensions) will be similar this year to the take-up registered in 2014 and 2015, mainly from logistics companies in Bucharest and automotive companies in the rest of Romania, the level of rents being constant at EUR 3.5-4 / sq. m/ month.
IMMOFINANZ has successfully completed the sale of its logistics portfolio to Blackstone. Blackstone will integrate all the assets into Logicor, its European logistics platform. The closing took place on Monday, and leads to net cash inflows (after the repayment of loans) of approx. EUR 305 million.
Belgian logistics company Van Moer Logistics has rented 5,180 sq, m within CTP Bucharest West industrial and logistic park taken over last year by CTP Invest from Portland Trust.
GS Capital has recently brokered the lease transaction of the new distribution centre of the courier services provider DPD Group within the industrial park WDP Park Sibiu.
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