Garbe explores entry into Romania

Business Forum

17 September, 2024 at 11:28 AM

Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects.

Across Europe, the group has €10.6 billion under management and projects with a leasable area of 6.4 million sqm.

“We are currently analyzing the entire region, and Romania is an attractive market that we are considering due to its potential,” said Martin Polak, Managing Director for Central & Eastern Europe at Garbe Industrial Real Estate, according to profit.ro.

Romania is the third largest industrial market in CEE, behind Poland and the Czech Republic, with a stock of around 7 million sqm.

Recently, Garbe signed a joint venture with a fund managed by BlackRock for a new logistics portfolio that targets primarily Germany and France.

CTP leases record 2.33 million sqm last year

Industrial developer CTP recorded gross rental income of €759.8 million in 2025, up 14.4% year-on-year with like-for-like rental growth of 4.5%.

Real estate

Study: 80% of real estate firms expect revenue growth in 2026

Commercial real estate companies remain optimistic about 2026, with 83% expecting revenue growth, according to a Deloitte report. This represents a slight decline from 88% last year, while 68% plan to increase expenses in 2026.

Real estate

Romania's industrial demand boosted by military infrastucture, green energy

Demand for industrial and logistics spaces in Europe, including Romania, is set to increase significantly in the coming years, driven by investments in defence, green energy, critical materials for the technology sector, and life sciences, according to a report by Cushman & Wakefield.

Real estate

Oresa Industra to expand industrial project in Iași

Oresa Industra, the property division of Oresa investment group, has obtained the building permit for the extension of its industrial project in Iași.

Real estate

CTP names new Managing Director for Romanian operations

Industrial developer CTP has appointed Ronald Binkofski as the new Managing Director for Romania, as part of the company's plan to achieve an annualised rental income of €1 billion across its European portfolio by 2027.

Real estate

CTP sees 11% growth in leasing during H1 2025

Industrial developer CTP said its gross rental income for H1 2025 reached €367.2 million, marking a 14.4% year-on-year increase, while signing 1 million sqm of new leases, an 11% increase compared to H1 2024.

Real estate

Defense sector emerges as industrial market stabilizer

Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, talked to Property Forum about the firm's growth in office leasing and land transactions, as well as the outlook on rents and the role of the defense sector in boosting industrial demand going forward.