Real estate | 22 October, 2024 at 7:02 AM
Dr.Max leases close to 12,000 sqm in ELI Park Iași
Pharmacy chain operator Dr.Max has leased 11,800 sqm in ELI Park Iași in a bid to accommodate growing operations.
Pharmacy chain operator Dr.Max has leased 11,800 sqm in ELI Park Iași in a bid to accommodate growing operations.
Romania's total stock of industrial and logistics spaces could reach the 8 million sqm threshold at the end of 2025, if the recent annual development pace of around 500,000 sqm is maintained, according to a report by Cushman & Wakefield Echinox.
The total 2024 new supply is due to reach around 500,000 sq. m, out of which over 50% are located in Bucharest - Ilfov, West and South - Muntenia.
CTP has announced the expansion of its partnership with cargo-partner, a full-range info-logistics provider, with the leasing of 7,800 sqm at CTPark Cluj.
Romanian industrial developer Global Vision has launched a new technology and innovation division, with a strategic aim of implementing custom AI solutions across its portfolio of real estate and green energy projects.
Romania's industrial stock totaled 7.3 million sqm during H1 2024, while new projects spanning 700,000 sqm were under various development stages, according to a report by Colliers.
NewCold, specialized in automated and cold chain international logistics, has entered the Romanian market through a 9-hectare land plot acquisition from WDP in northern Bucharest, for an undisclosed sum. The land is located close to the new A0 ring road of Bucharest.
Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects.
Industrial developer CTP has appointed Jovan Radosavljevic as its new Managing Director for Romania, tasked with overseeing the company's expansion in the country.
Industrial developer CTP has launched its first CTBox building in Romania on the premises of CTPark Bucharest West.
Investors originating from Belgium had the biggest share in Romania's commercial property sector in the first eight months, according to a Fortim Trusted Advisors study.
Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased.
The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report.
The industrial and logistics hubs developed by Transilvania Construcții serve top industries such as building materials, automobiles, food, IT, medical, and pharmaceutical.
2023 ended with solid activity levels for industrial and logistics, with some 770,000 square meters of leasing deals closed.
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.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
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.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).