CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the expansion of its partnership with cargo-partner, a full-range info-logistics provider, with the leasing of 7,800 sqm at CTPark Cluj. CTPark Cluj is located on the crossroads of the main western and north-south highways on the western edge of the booming university city of Cluj, in the heart of the Transylvanian region in Romania.
VGP, a European provider of high-quality logistics and semi-industrial real estate, signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 square meters, within VGP Park Brasov.
Logicor, a leading owner, manager and developer of logistics real estate in Europe, has recently acquired a 4.6-hectare plot of land from toy retailer Jumbo. This land, located on Pallady exit towads Autostrada Soarelui, was purchased in a deal brokered by real estate consultancy firm Colliers.
Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, following Poland and Czechia, surpassing Hungary and Slovakia. The retail and industrial segments were the main drivers on the local market, accounting for 90% of the total volume, while office transactions comprised just 4%, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
RetuRO, the administrator of the Deposit Return System, the largest circular economy project, has opened opening the sixth regional centre for counting and sorting DRS packaging in Almăj, Dolj County, near Craiova, within the Global Vision industrial park. The centre will manage, and process beverage packaging collected from retailers. It will mainly serve the southern part of the country.
Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
The logistics and industrial park developer ELI Parks, one of the most active on the local market, has signed a long-term lease for a 3,850 sqm space with LPR – La Palette Rouge, within ELI Park Ploiești.
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.
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