Belgian real estate investor Vabeld has bought from the former shareholders of Cefin Real Estate, the real estate division of the Italian group Cefin, two logistics warehouses situated at the Bucharest exit to Pitesti. This is the company’s second acquisition since its entrance on the local market this summer.
Trans-Oil, Moldova’s largest agribusiness company, will take over the local company Racova, active in agriculture and food industry, in a transaction estimated at over USD 100 million, which should be completed by December.
International developer, CTP, has successfully concluded the purchase of the Prologis portfolio in Romania, namely the former Prologis Park Bucharest A1, now renamed CTPark Bucharest West. The transaction volume for the 100,000 m² business park, directly located on the A1 highway 20 km from Bucharest, is approximately EUR 40 million.
Profi will open in Cluj a new distribution centre in 2016, the sixth owned by the company, in order to support the company’s development plans. The retailer rented for this project nearly 25,000 sq. m of logistics facilities from CTP Invest.
Partners Group, a Swiss investment fund with EUR 42 billion worth of assets, aims to take control of several industrial properties owned by British group Valad Europe in the region, including Romania.
Romania’s logistics sector has come under the spotlight this year, after going down during the crisis years. It is now considered the second best investment sector, after the office market. Five developers control half of the total logistics spaces built in Romania.
Over 230,000 sqm of logistics and industrial space was leased in Romania in the first nine months of 2015, almost half of which was leased in capital Bucharest and the western city of Timisoara, according to data from real estate services firm JLL. Retail, car parts manufacturers and logistics operators were the most active players, said JLL representatives.
CTP and logistics company Quehenberger Logistics ROU SRL agreed a lease deal for the recently acquired CTPark Bucharest West (formerly Prologis park). CTP has concluded a deal whereby Quehenberger committed to lease warehouse space with total let-able area of 19,450 m², split in two buildings marked BUW 7 and BUW 8.
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