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Warehouse Market News

Olympus invests EUR 40 million in a logistics centre near Brasov

Greek dairy group Olympus, active on the Romanian market since 1999, announced plans to build a EUR 40 million logistics centre near Brasov, in the proximity of its production facility located at Halchiu.

Former industrial platforms in Bucharest continue to generate among the highest number of land transactions

The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

DS Smith invests €13 million in innovative packaging solutions and significant production boost in Romania

Leading sustainable solutions provider DS Smith Packaging, is increasing its innovation footprint in the Romanian market with an investment of over €13million in its Ghimbav production site. Work at Ghimbav is expected to be completed by the end of 2023, and will support customers’ sustainability goals as well reducing carbon emissions on site.

SLS Cargo opens its first exclusively-operated intermodal terminal at P3 Bucharest A1

SLS Cargo, the logistics and transport operator owned by FAN Courier, inaugurates the first intermodal terminal it operates exclusively, following an investment made in P3 Bucharest A1, one of the most modern and advanced industrial parks in Romania. With this, SLS Cargo confirms its medium and long-term development strategy announced in 2020, immediately after joining the FAN Courier portfolio.

Structure completes at CTPs latest Romanian Park CTP Arad West, with over 40% of leases confirmed

CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics space in Western Romania: CTPark Arad West. This latest scheme is located in Arad, an important industrial centre and transportation hub, close to both the Hungarian and Serbian borders. The first phase of CTPark Arad West comprises approximately 44,000 sqm and is already over 40% pre-leased, being scheduled for completion in the first quarter of 2024.

Romanian real estate investment market recorded slow transaction activity in H1 2023

The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36% of volumes and office for c. 31%, according to Colliers market report for the first half of 2023.

Local land market sees high interest, but future quarters may have reduced sales

The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.
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