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Warehouse Market News

CTP reports rental income of 488.4 million euros in the first nine months

CTP N.V. (CTPNV.AS), (“CTP”, the “Group” or the “Company”) recorded Rental Income of €488.4 million in the first 9 months of the year, up 15.9% y-o-y. Like-for-like y-o-y rental growth of 4.4%, mainly driven by indexation and reversion on renegotiations and expiring leases. As at 30 September 2024, the annualised rental income came to 702.0 million and occupancy came to 93%.

Logicor Completes Development at Bucharest III Pallady Logistics Park

Logicor, a leading owner, manager and developer of European logistics real estate, has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, the first ‘Last Mile’ logistics hub in the city.

Dr. Max Romania expands its operations with a space of 11,800 sqm at ELI Park Iași

The developer of logistics and industrial spaces ELI Parks, one of the most active on the profile real estate market in Romania, has announced the expansion of Dr. Max Romania's operations within ELI Park Iași.

Andreea Comșa joins Speedwell as Commercial Director

SPEEDWELL Development, one of the leading real estate developers announces the consolidation of its management team by appointing Andreea Comșa as commercial director.

The industrial and logistics stock in Romania could reach the 8 million sq. m landmark at the end of 2025

The total stock of industrial and logistics spaces in Romania could reach the 8 million sq. m threshold at the end of 2025, if the recent annual development pace of ~500,000 sq. m is maintained. As of mid-year, over 7.125 million sq. m were operational nationwide, with more than 50% of these projects being located in the Bucharest – Ilfov and West regions of the country. The least developed regions in this regard are South – East and North – East, according to the Romania Industrial & Logistics Market report produced by the Cushman & Wakefield Echinox real estate consultancy company.

Cargus warehouse in Târgu Mureș has a new location, in a facility with a double surface and 40% higher sorting capacity

Cargus, one of the leaders of the courier services market in Romania, announces the relocation of its warehouse in Târgu Mureș to a new, modern and expanded facility. This move is part of the company's strategy to improve and expand its operational capabilities to meet growing volumes.

Global Vision Announces Development of AI-Powered ESG Platform

Global Vision, a leader in the Central and Eastern European real estate and energy sectors, proudly announces the development of its new AI-powered ESG platform. The platform, designed to enhance sustainability, operational efficiency, and responsible governance across its real estate and energy portfolio, was officially announced at a major business event in New York which highlighted emerging technologies shaping the future of real estate development.

Cargus launches International Service, facilitating the expansion of Romanian businesses into foreign markets

Cargus, one of Romania's leading courier companies, is expanding its portfolio with the launch of an international service, enabling its customers to ship packages from Romania to foreign destinations, initially opening routes to Bulgaria and Greece.
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