P3 Logistic Parks announces the signing of a new lease with the local subsidiary of the international group El Grupo Número 1. The new tenant will occupy 3,000 square meters of logistics and office space in P3 Bucharest A1.
The Italian outdoor footwear manufacturer Asolo moves, at the beginning of next year, to a new Class A industrial space, of over 3,600 sq m, located in Network Industrial Park, developed by the Maltese from Zacaria in Sibiu.
The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the covid-19 crises.
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, announces its expansion plans for the Transylvania region. The developer intends to double the leasable area of logistics spaces in Transylvania by 2023, through investments of EUR 50 million in the expansion of logistics parks around Timisoara. Some of the spaces included in the construction plan are already rented to companies in the logistics and production sectors.
With the end of the year approaching, the impact of the COVID-19 crisis on the global and local economies has become clearer. Despite of the unprecedented situation we are in and the strong blow it dealt to the economy, the Romanian investment market has performed better in the first three quarters of 2020 than in the whole 12 months of 2019.
The developer of logistics parks WDP has completed 157,600 sqm of logistics parks on the Romanian market, in Ștefăneștii de Jos, Sibiu and Slatina, following investments of 97 million euros. In the third quarter of this year, WDP will start the expansion with 12,000 sqm of the Profi warehouse in Roman, and with 22,000 sqm the space owned by LPP in Ștefăneștii de Jos.
Globalworth and Global Vision add Maspex and Maracana to the list of tenants in Constanța Business Park Shortly after the lease of 6,550 square meters by PepsiCo in the business park built near the port of Constanța, the developers Globalworth and Global Vision announce two new contracts for the first phase of the Constanța Business Park project.
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