The local industrial and logistic market started 2021 on a positive trend, the transactional volume in the first three months of the year reaching almost 200,000 square meters, double compared to the similar period of the previous year, according to the data analyzed by the real estate consulting company Cushman & Wakefield Echinox.
In the first quarter of this year, a total of 264,000 sq m of industrial space were rented on the Romanian market, according to the report launched by CBRE, the leader of the real estate consulting market. The traded volume marks an increase of 43% compared to the same period last year, in the context in which 2020 was a record year for the industrial space market.
Element Group recently made a strategic acquisition in the vicinity of the Bucharest-Pitesti highway, where the developer intends to build a new logistics park of class A, under the Element Industrial brand.
The modern stock of industrial spaces in Romania has exceeded the threshold of 5 million sqm in 2020 and will reach approximately 5.5 million sq m this year, over 60% of the area under construction being already pre-leased.
XXXLutz has rented 6.000 sqm in WDP’s A-class warehouse in Dragomiresti, North-West of Bucharest’s RingRoad, space that will optimise the supply of its stores XXXLutz Militari and Pallady, transaction brokered by Dunwell.
Maracana, one of the leading European logistics companies is now a tenant at MLP Bucharest West. In January 2021, Maracana signed a contract with MLP Group to lease more than 5,000 m2 of modern warehouse space. MLP Group was assisted in completing the transaction by JLL, a real estate services company responsible for commercialising the entire project in Romania.
Globalworth and Global Vision announce new tenants for the first phase of the Constanța Business Park project. Mobexpert is among the new members of the Globalworth Industrial community, Globalworth's logistics and light industrial sub-brand. The leading company on the Romanian furniture market leased an area of approx. 2,000 sqm. Continuing the global eCommerce growth trend, the space will include office and storage areas meant to serve Mobexpert’s clients in South-Eastern Romania.
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