Leading Romanian logistics developer ELI Parks is set for significant growth, announcing plans to add 200,000 sqm of new logistics space in Buftea, complementing its existing 90,000 sqm facility there. This expansion is part of a broader strategy to strengthen its presence across Romania, targeting businesses in need of modern warehouse solutions.
Raben Logistics Romania, part of the Dutch Raben group, has leased 3,500 square meters within the ELI Park Bacău project. This strategic move strengthens Raben's distribution network in Romania and solidifies ELI Park Bacău's position as a key regional logistics hub in Eastern Romania, offering modern facilities for businesses in retail, e-commerce, production, and distribution.
The industrial and logistics market had a promising start of the year, with almost 260,000 sq. m being leased in Q1, corresponding to a robust 31% y-o-y increase, according to the Romania Marketbeat Industrial Q1 2025 report produced by the Cushman & Wakefield Echinox real estate consultancy company.
DAAS, part of the international Epta group, has significantly expanded its presence at ELI Park Ploiești, now occupying a total area of 12,600 sq m. The expansion includes a new 3,600 sq m space designated for Romania's first training center for refrigeration technicians, alongside logistics and administrative functions.
VGP NV, a European provider of high-quality logistics and semi-industrial spaces, achieved a net profit of 287 million euros in 2024, marking an increase of 229% compared to 2023. The company's net asset value increased by 8.4%, reaching 2.4 billion euros, reflecting its strong financial stability and long-term growth strategy.
ELI Parks has signed a new lease agreement with FAN Courier, Romania’s leading courier service provider, for a 4,800 sqm space, a transaction brokered by Dunwell.
ELI Park Iași has successfully leased Phase 1, covering 21,000 square meters, attracting five major tenants from key industries, including pharmaceuticals (Dr. Max), beverages, retail, and HVAC & heating installations (Uniprest). This milestone reinforces ELI Park Iași's position as a leading logistics and industrial hub in the region.
Developers completed new projects with a leasable area of 572,000 sq. m across the country in 2024, reflecting a 27% growth when compared with 2023, while the total industrial & logistics stock in Romania reached almost 7.6 million sq. m at the end of Q4. The development activity returned to growth during 2024, after a year (2023) which witnessed a 46% y-o-y decrease of the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
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