The company will soon kick off the construction of Hillwood Bucharest South and Hillwood Bucharest West, each with a leasable area of over 70,000 sqm of modern.
”With a tenant-first approach, flexible solutions, and high technical standards, we're ready to support the evolving needs of the Romanian market – one full of untapped potential and opportunity,” said the company in a LinkedIn post.
The local operations will be led by Muler Onofrei, responsible for Business Development.
Investors view the logistics sector with optimism and, to a lesser extent, retail over the next 12 months, according to a Cushman & Wakefield Echinox study conducted among the most important investors and developers in Romania.
GARBE has been on the markets in Central and Eastern Europe for 4 years. Now the company has announced the full occupancy of all its industrial parks in the region.
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of 2024, down 20% compared with the same period of 2023, according to a Cushman & Wakefield Echinox report.
German developer Garbe Industrial Real Estate has set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments.
Industrial developer Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, located near Bucharest.
Industrial developer CTP says it has reached a deal with Romanian delivery firm Fan Courier by leasing an additional 4,500 sqm in CTPark Deva.
Romanian airline Anima Wings has attracted three institutional investors as shareholders. The company signed deals with BT Asset Management, part of BT Financial Group, Winners Holding Investments and Evergent Investments.
BCR Group recorded a net profit of €118 million in Q1 2026, down 21% versus the same period of last year.
PPC and PPC blue Romania have secured €3.42 million in European funding through the Connecting Europe Facility (CEF) for installing fast charging stations across Romania and Greece.
The Romanian leu depreciated on Thursday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.1417, up 0.8% from the previous rate, recording a new historic low for the local currency.
Premier Energy has begun construction of its 200 MW/400 MWh Battery Energy Storage System (BESS) project near Iași, Romania. The total development and construction cost is estimated at €75 million.
