The volume of real estate investments in Romania in 2019 exceeded the limit of one billion euros, totaling about 1.06 billion euros, up 7% from the level recorded in 2018, data from the research department of the real estate consultancy company CBRE Romania shows.
Global commercial real estate leaders are optimistic about the industry’s prospects over the coming year, despite global economic volatility, according to Deloitte 2020 Commercial Real Estate Outlook. 76 percent of respondents expect a positive evolution of the industry in the next period. The survey shows that that the tenant experience has become a top priority for most commercial real estate leaders, with a focus on investment in new technologies.
CTPark Bucharest is gladly hosting a new resident, FAN Courier, starting in September. The company has rented an area of approx. 2,000 sqm in the park in one of the recently launched small business units Premium Business Units, which is aimed at entrepreneurs and companies who want to have complete services at hand in the park and benefit from modern spaces between 1,000 and 3,000 sqm.
The investor and developer of logistics properties P3 has signed new lease agreements with two renowned companies: Coca-Cola HBC Romania and Mobexpert. The total area rented by the two companies in the P3 Bucharest A1 park is 5,000 square meters.
The real estate developer CTP, the largest owner of warehouses in Romania, intends to purchase the Equest Logistic Center park, located on the western outskirts of Bucharest, from the British Equest Balkan Properties fund at a price of about 28 million, according to Profit.ro estimates.
According to Dunwell data, in the first half of the year, about 280,000 square meters were traded in the industrial market, of which over 125,000 square meters were closed by the real estate consultancy agencies, the difference being direct transactions of the developers. About 50% of the total transactions of the first semester were signed in Bucharest, 70% of them being concluded by the consulting agencies. Other trading areas are Timișoara and Ploiești.
ROCA, the first investment and management platform dedicated to Romanian companies, has become the largest shareholder of SC Electroplast SA, a Romanian brand with a tradition of more than 25 years, being among the top 10 cable manufacturers and leader in the power cable for railway infrastructure market.
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