Deloitte Romania assisted the Belgian industrial and logistics real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture between Globalworth and Global Vision. The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta, with a total potential gross leasable area (GLA) of over 300,000 sqm, for development in the near future. The transaction was signed in June and closed in July 2024, having an estimated value of 110 million euros.
The developer Globalworth has announced that it is selling part of its logistics portfolio in Romania to CTP. The value of the transaction could exceed EUR 170 million. Globalworth has announced that it is selling five logistics parks, with ten facilities in Timișoara, Arad, Oradea and Pitesti that it owns 100 percent. The majority holdings in two other small projects in Bucharest are also sold.
CTP, Europe’s largest listed owner, developer and manager of high quality industrial and logistics real estate by gross lettable area (“GLA”), has acquired an industrial portfolio of warehouses totaling over 100,000 sqm in Romania from French FM Logistic, a leading supply chain services company operating across Europe, which will continue as a CTP tenant for the long term.
Knauf Insulation, one of the largest players on the insulation materials market, part of the Knauf Group, announces the signing of the contract for the purchase of the Gecsat S.A. mineral wool factory in Târnăveni, Mureș County. The acquisition of the factory in Târnăveni aims to support deliveries to Knauf Insulation customers in the ever-growing markets of Romania, Eastern Europe and the Commonwealth of Independent States (CIS).
Deloitte Romania advised TeraPlast Group, the largest Romanian producer of construction materials, in the sale of its steel division to the Irish group Kingspan, global leader in insulation and building envelope solutions, which was already present on the Romanian market.
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.
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.
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