German group Ireks buys land near Bucharest for HQ

Business Forum

10 March, 2026 at 11:50 AM

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.

The company plans to develop an administrative HQ with a customer centre and a logistics warehouse on the site.

Ireks is a family-owned business headquartered in Kulmbach, Germany, serving customers in more than 90 countries worldwide. The group has been present in Romania since 2007 through its local subsidiary Ireks Pan Romania. The company produces baking ingredients from improvers and mixes to malts and sourdoughs, plus base and speciality malts for breweries and craft brewers.

Ștefan Oprea, Consultant, Land & Industrial Agency at Cushman & Wakefield Echinox, said: "Following analysis of available land opportunities in the Bucharest area, the selected plot fully meets the company's strategic requirements."

The property is located in an area that has become a hub for industrial and logistics developments. Proximity to major players in the baking industry represents a competitive advantage, whilst easy access to public transport and developed utility infrastructure were decisive factors in the acquisition decision.

Demand for industrial spaces in Romania soars 51% in 2025

Demand for industrial and logistics space in Romania increased by 51% in 2025, reaching 1.27 million sqm, the second-highest level in the market's modern history, according to Cushman & Wakefield Echinox.

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.

Real estate

Former industrial platform in Craiova up for sale

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.

Real estate

CTP achieves Breeam certification for CTPark Ploiești

CTP, Europe's largest listed developer and operator of industrial and logistics parks by gross leasable area, has obtained Breeam New Construction Outstanding certification for an 85,000 sqm logistics warehouse at CTPark Ploiești, fully leased to international fashion retailer H&M. This is the first industrial building in CTP Romania's portfolio to achieve the highest level of the Breeam standard.

Real estate

ELI Parks starts new industrial project near Bucharest

Local developer ELI Parks has started the construction of ELI Park 5 Bucharest in partnership with general contractor Eren Cons. Located in the north-western area of Bucharest, ELI Park 5 continues the expansion of the ELI Park Bucharest development, an industrial hub designed for efficiency, flexibility, and sustainability.

Real estate

FDI in Romanian real estate triples in past decade

Foreign direct investments (FDI) in Romania's real estate and construction sector more than tripled between 2014 and 2024, increasing by €15.1 billion to reach €21.6 billion by the end of last year. The sector's share of total FDI stock rose from 10.6% to 17.3%, according to National Bank of Romania (BNR) data analyzed by Cushman & Wakefield Echinox.

Real estate

WDP to develop €22 million distribution centre near Bucharest

WDP has launched development of a 32,000 sqm distribution centre in WDP Park Bucharest – Ștefănești for FAN Courier Group, one of Romania's leading courier and logistics operators. The €22 million investment will be realised by deploying WDP's landbank in North Bucharest, with construction beginning in early 2026 and delivery scheduled later that year.