Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Romania ranked second regionally in terms of the Q1 demand, after Poland, the uncontested leader in the Central and Eastern Europe, while surpassing Czechia, Slovakia and Hungary.
Romania’s largest distributor of household appliances and home electronics has renewed its lease contract for more than 8,100 sqm of space at the MLP Bucharest West logistics park.
ELI Parks, one of the most active developers on the logistics and industrial real estate market in Romania, has leased a 5,400 sqm space to the animal product distribution company Altius and its affiliate company PetMart, within ELI Park 4 Bucharest.
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP. The iO Partners team advised the sellers – ARA Europe and the Romanian investor Gheorghe Iaciu, who founded Expo Market Doraly in 1993.
Mobexpert, the furniture market leader in Romania, expands its logistics and storage operations by leasing 1,400 sq. m within Oresa Industra Park in Iasi, owned by Oresa Industra, the real estate division of the Oresa family office. The Oresa Industra Park in Iasi reached a 100% occupancy as a result of this transaction.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 3,600 sqm of production space at CTPark Oradea Cargo Terminal, Romania’s pioneering industrial park featuring an air cargo terminal, to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology. Etron Technology decided to expand their worldwide presence (China, Vietnam, Mexico, Singapore) by setting up a high-tech production plant in Europe at CTPark Oradea Cargo Terminal.
Yusen Logistics, a leading global logistics provider, has secured a lease agreement for a substantial area of 19,000 square meters within CTPark Bucharest, assisted by CBRE, the global and national leader in commercial real estate investment and services.
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