The total value of land transactions for real estate projects, excluding the industrial segment, increased significantly last year compared to 2016, exceeding the threshold of EUR 350 million at national level, with approximately 70% of this value transacted in Bucharest, where land transactions for residential development accounted for more than half of the investment volume.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, registered the fastest development pace in 2017, since it entered the Romanian market. CTP expanded its portfolio in the country and in the vicinity of Bucharest where they own three properties: CTPark Bucharest, CTPark Bucharest West and CTPark Bucharest North (former Chitila Logistic Park). One of the most important purchases near the capital is, next to Chitila Logistic Park, Phoenix Logistics Center, that was bought with approximately 7 million euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V., in the second quarter of 2017.
Romania has reached a real estate investment volume of about 400 million Euros in the first half of the year, a quarter compared to Poland (1.5 billion Euros) and even farther than the Czech Republic (2 billion Euros).
Chinese group WH will acquire two Romanian companies producing and selling cold meats- Elit SRL and Vericom SRL - the value of the transaction is not published, Reuters reports.
Caroli Foods Group, a company active in packaged meat products, was taken over by Sigma Alimentos after the Mexican company bought 51 percent of Caroli's shares, adding to the 49 percent stake it already owned through Campofrio Food Group, according to a press release.
GF Automotive, a division of the Swiss group, Georg Fischer (GF), has reached an agreement to buy Eucasting Ro, specializing in casting light non-ferrous metals, with factories in Pitesti and Scorniceşti.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests approximately EUR 18 million in the purchase of two properties in Ineu and Salonta from the Slovak-based company IPECGroup. Together, the properties comprise a total land area of 119,000 m², and 37,000 m² GLA. CTP’s two new logistics parks are situated in key strategic locations from the Western part of Romania: Ineu, in Arad County - an important industrial centre and transportation hub in the region - and Salonta, situated in Bihor County, very close to the Hungarian border. The two properties are the basis of the new CTPark Ineu and CTPark Salonta, and are part of CTP’s long term vision to grow and, in the same time, to consolidate its position as the player with the most important logistics portfolio at national level.
The total value of real estate transactions in Romania reached 485 million Euros in the first half of this year, up 44% over the same period in 2016, according to the CEE Investment Market report by JLL.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
