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.
Carrefour extends the lease for a space of approximately 85,000 sqm in the P3 Bucharest A1 industrial park, in the west of Bucharest, this being one of the largest transactions in the local logistics market.
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.
Selgros Cash & Carry Romania, one of the most important players on the Romanian retail market, recently opened, in Chiajna, on the Bucharest Belt, a 10,000 sq m logistics platform, through which it will supply its stores with all the products that have need controlled temperature storage.
The pharmaceutical company Fildas recently leased a warehouse with an area of 3,400 square meters and 400 square meters of offices for their regional distribution operations in Brasov, in the project that will be developed by VGP in the western part of the city. The transaction was intermediated by the real estate consulting company Cushman & Wakefield Echinox.
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