The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered a warehouse of almost 10,000 sqm in CTPark Bucharest North for the online liquor retailer FineStore.
Companies leased nearly 550,000 sq. m of logistics and industrial spaces in the first half of the year, with over one-third of this volume being related to pre-lease agreements, mainly in projects set to be delivered in 2024.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), expands its partnership in Romania with the integrated logistics company Maersk and IB Cargo to a total surface of approximately 100,000 sqm.
SPEEDWELL, one of the major players on the Romanian real estate market, continues its ambitious expansion plans on the industrial-logistics segment with the acquisition of a new plot of land in Popesti-Leordeni, destined for the second SPACEPLUS development. The new light industrial building will be developed on a plot of 15,000 sqm and will offer a total rentable area of approximately 8000 sqm.
Logicor, a leading owner, manager and developer of European logistics real estate, has welcomed The Home, a furniture & lighting online retailer to Logicor Bucharest II Logistics Park.
P3 Logistic Parks (“P3”) announces contract renewals and extensions of some of the longest-standing tenants in the local portfolio, Logistic E Van Wijk and HOPI® Logistics. Thus, the two companies are developing their logistics needs within the P3 warehouses and will occupy an area of 20,538 square meters of logistics spaces and offices within the park.
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