VGP starts large scale industrial project near Bucharest
Industrial developer VGP has started the construction on VGP Park Bucharest 2, a new industrial and logistics project with a leasable area of around 114,000 sqm.
Industrial developer VGP has started the construction on VGP Park Bucharest 2, a new industrial and logistics project with a leasable area of around 114,000 sqm.
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.

Premier Energy has signed an agreement to acquire Distribuție Energie Oltenia (DEO) from funds managed by Macquarie Asset Management for approximately €700 million.
Romania's domestic energy production fell 2.1% in the first two months of 2026 compared to the same period last year, according to the National Institute of Statistics (INS).
Grup Șerban Holding announced that its subsidiary Interagroaliment has filed for insolvency proceedings on April 15, 2026, due to financial difficulties.
The EU employment rate reached over 76% in 2025, but Romania remains among member states with the lowest employment rates, according to data published by Eurostat on Friday.
The European Commission has opened an in-depth investigation into Romania's planned state support for refurbishing the Cernavoda 1 nuclear reactor, questioning whether the €3.2 billion aid package complies with EU state aid rules.