The Austrian group Voestalpine bought the majority stake in Travertec Buzau, a subsidiary of German Rail.One, with a turnover of almost 10 million lei last year.
Continental Automotive Products, the Continental tire company in Timisoara, bought the former UMT industrial platform in Timisoara to optimize the logistics and storage costs.
VGP, one of the main industrial parks developer in Germany and CEE, concluded in the last May a 230,000 m2 land transaction in Brașov, a transaction brokered by Dunwell, the first and only Romanian broker specialized exclusively in industrial real estate. This is one of the largest industrial development land purchase in Romania, outside Bucharest, within the last 5 years.
Romania's industrial and logistics market will continue its upward trend last year and in 2018, according to Dunwell, the first and only brokerage agency in Romania specializing exclusively in the industrial segment of the real estate market.
The investment volume of investment in the office market could increase this year to 500 million euros, from 160 million euros in 2017, as 2018 is a year of turning in this segment, the projects underway for the next period including centers offices with an average surface area of more than 50,000 square meters, compared to an average of 20,000 sqm in those traded up to now, according to the report of the Colliers International real estate consultancy company.
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).
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