Former industrial platform in Craiova up for sale

Business Forum
Cushman & Wakefield Echinox has been appointed as the exclusive advisor for the sale of a 37-hectare land plot from the former Electroputere industrial platform in central-eastern Craiova. The property presents development potential for residential, retail, logistics, or light industrial projects.

The original Electroputere platform spanned approximately 60 hectares. Over 20 hectares have already undergone urban regeneration, transforming the area into a multifunctional project featuring a shopping centre, office buildings, and a recently completed aparthotel. 

Ștefan Oprea, Consultant Land Agency at Cushman & Wakefield Echinox, said: "Electroputere Craiova represents an opportunity to revitalise an iconic area of the city into an urban hub that addresses the needs of both the community and investors. Given its strategic location, size, and infrastructure, the site is positioned to become a flagship project for the entire region."

The site's strategic location near major tourist attractions makes it suitable for mixed-use projects that meet both residential demand and tourist needs.

Former industrial platforms have attracted strong interest from real estate investors in major Romanian cities. Bucharest, Cluj-Napoca, Timișoara, and Iași have witnessed sales of similar assets, with land plots often exceeding 20-30 hectares and transaction values reaching tens of millions of euros, depending on location, infrastructure, and development potential.

RECOMMENDED
Smart infrastructure can turn efficiency into a competitive advantage
Real estate

Smart infrastructure can turn efficiency into a competitive advantage

Industrial and logistics facilities across CEE are under growing pressure to improve efficiency, reduce energy consumption and adapt to workforce and sustainability challenges. Silviu Bulzan, Sales Leader Office & Industry SEE at Signify, discusses how connected infrastructure, data and AI are changing facility management, and why lighting is evolving from a basic utility into a tool for improving productivity, safety and ESG performance.

German group Ireks buys land near Bucharest for HQ
Real estate

German group Ireks buys land near Bucharest for HQ

German group Ireks, a producer of baking ingredients for bread and confectionery, has acquired a 13,000 sqm land plot in Chitila, near Bucharest, in a deal brokered by Cushman & Wakefield Echinox.

Romanias land market nears €450 million in deals during 2025
Real estate

Romania's land market nears €450 million in deals during 2025

Romania's land market closed 2025 with transaction volumes similar to 2024 levels, totaling nearly €450 million. Political uncertainty and fiscal adjustments affected the first half of the year, but market sentiment improved after elections, with the final months delivering some of the strongest results in recent years, according to Colliers.

Terranova Logistic Park sold to investor group
Real estate

Terranova Logistic Park sold to investor group

Terranova Logistic Park, located on Șoseaua București-Târgoviște in northern Bucharest at the intersection with the city's ring road, was acquired by a group of investors active on the local market, for an undisclosed sum.

Romanian investors expect rent rises and demand stability
Real estate

Romanian investors expect rent rises and demand stability

Major real estate investors in Romania anticipate rental growth in 2026, particularly in the office segment, while occupier demand shows signs of consolidation rather than expansion, according to a new study by Cushman & Wakefield Echinox.

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.