Real estate | 17 March, 2025 at 12:01 PM
VGP expands industrial footprint in Romania
Industrial developer VGP has delivered and has in the construction phase several warehouses across Romania.
Industrial developer VGP has delivered and has in the construction phase several warehouses across Romania.
Romania's industrial and logistics sector saw a 27% rise in new supply in 2024, with 572,000 sqm of new spaces completed. The total stock now stands at almost 7.6 million sqm, and over 200,000 sqm are currently under development. according to research by Cushman & Wakefield Exhinox.
Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased.
The building has been designed sustainably and aims for the BREEAM Excellent certification.
Building A covers an area of 25,950 sqm and has already two significant tenants, who have signed lease contracts for a total of 8,158 sqm.
Optional pension funds in Romania can allocate up to 10% of their total assets to private equity investment funds in Romania, the EU, and OECD countries.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
A study by Forvis Mazars Group reveals that while C-suite executives in Romania and CEE remain largely optimistic about growth.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Engie Romania has announced the acquisition of a 54 MW wind farm project in Mereni, Constanța. The deal contributes to the company's goal of reaching 1 GW of installed capacity.