Logicor makes large land purchase in Eastern Bucharest

Business Forum

27 August, 2024 at 9:20 AM

Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.

The land is located in Eastern Bucharest, on the exit towards the highway linking Bucharest to Constanța.

“With this investment, we are strengthening our presence within the Bucharest ring road and are committed to meeting the evolving needs of the market,” says Mihai Diaconescu Director, Asset Management & Development Of Logicor Romania.

The land has the permits for the development of warehouses spanning 25,000 sqm, according to Colliers Romania, which brokered the land transaction.

“The trend for investors to consolidate in areas where they are already established is clear, as is the growing interest in inner-city logistics,” says Sînziana Oprea, Director of Land Agency at Colliers Romania. The company already owns a 8.2-hectare land plot in Eastern Bucharest.

Logicor Romania's portfolio currently comprises more than 300,000 sqm of warehouse space.

Bucharest office leasing reaches lowest point in four years

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

Real estate

Why this investor is betting on hospitality and city logistics

George Gardin, Country Manager for Romania at Yellow Tree Group, spoke with Property Forum about the group's first pilot development in Romania, Aria Shopping Center, and the investment vision for the local market going forward, with a focus on diversification into hospitality and in-city logistics. 

Real estate

Colliers Romania appointed to reposition Unirea Shopping Centres

Colliers Romania has been appointed to coordinate the repositioning process for the two Unirea Shopping Centres in Bucharest and Brașov. These centres boast significant retail spaces, with the Bucharest location covering over 80,000 sqm and the Brașov centre 16,000 sqm.

Real estate

WDP to develop 54,000 sqm warehouse near Bucharest

Industrial developer WDP has announced the development of a new sustainable distribution centre, spanning approximately 54,000 sqm, for an international retailer at WDP Park București – Ștefănești.

Real estate

Schrack Technik Romania opens €15 million logistics centre near Bucharest

Schrack Technik Romania, the local subsidiary of the Austrian group Schrack Technik, a producer and distributor in the electrical installations and equipment market, recently inaugurated a logistics centre for electrical materials, following a €15 million investment.

Real estate

Lion's Head secures permit for logistics park in Romania

Lion's Head Investments has secured the building permit for its first logistics park in Romania. The company will invest €65 million in the industrial project located in Popești-Leordeni, near Bucharest, for which construction is slated to start in Q3 2025.

Real estate

Bucharest office market faces tight supply and rising rents

Bucharest's office market is experiencing a major shift, marked by limited supply and increasing rental costs for prime spaces, according to a report by Colliers. 