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Real estate investment market slowed down its activity in 2023, decreasing by more than half

The Romanian investment market recorded transactions of around 476 million euros last year, down by more than half over 2022’s cycle high of 1.25 billion euros, according to the 2023 Annual Report released by Colliers.

Logicor announces full year results 2023

Commenting on the results, Michael Slattery, Chief Executive Officer of Logicor, said: „2023 was a pivotal year for Logicor and we have reported an excellent set of operating and financial results."

Nunner Logistics expands in Romania with 5,000 sqm lease in VLParks Bucharest West

Nunner Logistics, an international provider of logistics services headquartered in The Netherlands, has recently signed a 5,000 sqm lease at VLParks Bucharest West, part of the Villar International Group.

Challenging times for homebuilders and real estate companies

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024, according to a survey by Coface.

Reluctant investors in the year with the highest take-up ever

Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value above), retail projects (30%) and logistics parks (40%), with around half of the assets being located in Bucharest.

Spectral Mobilă invests 8.5 million lei in a logistics center in Vaslui county

The furniture manufacturer Spectral Mobilă, which owns a factory in Vaslui county, has started the construction of a logistics center that will require an investment of 8.5 million lei.

VLParks Bucharest South: the selected logistic hub for ArchivIT’s next expansion

ArchivIT, a leading provider in specialized archiving solutions, has announced plans to further its operations within Villar Bucharest South, amplifying its presence with an additional logistics and archive storage unit. This expansion will add a significant 5,700 sqm to its existing footprint, solidifying ArchivIT’s commitment to ensuring top-tier archiving services in the region.

Indotek enters the logistics sector in Romania, buying Aiud logistics park

Indotek Group, controlled by businessman Dániel Jellinek, has bought the Aiud Industrial Park project in Alba county from developer ILD.

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