VGP, a European supplier of high-quality logistics and semi-industrial real estate, announces a new step in its development, namely the full lease of the first building in VGP Park Arad. The most recent client, who rented an area of 10,000 m2 and whose space was handed over recently, is FAN Courier.
The first three quarters of 2023 look good for the industrial & logistics real estate sector. Overall, total leasing demand of 550,000 square meters in the Q1-Q3 2023 period was largely comparable to last year’s level, according to data from Colliers, with the note that this result only includes leasing deals part of the public domain, i.e. deals part of the local real estate forum or those reported in other public documents, like financial reports of companies or media reports.
The leading cleaning and hygiene product wholesaler operating in the Romanian market has leased nearly 6,000 sqm of modern space at the growing MLP Bucharest West logistics centre. The new facility will be delivered for occupancy by the end of this year. The tenant was assisted in the transaction by iO Partners - JLL Preferred Partner.
Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased.
Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Ema Iftimie as Managing Director for its real estate operations in Romania. Starting December 1st, Marian Popa will step down as the Managing Director and Ema Iftimie will assume this role, focusing on operational, business development and customer care.
CBRE launched its traditional end of quarter research snapshots of the local commercial real estate market, analysing the status of the investment, office, industrial & logistics and retail sectors.
CBRE launched „Manufacturing Report 2023” which shows that the production spaces are on an upward trend. According to CBRE data, in H1 2023, the requests for production spaces started to represent circa 25% of the transactional activity in Romania.
Cushman & Wakefield Echinox coordinated the BREEAM Excellent certification process for the 550,000 sq m logistics park portfolio in Romania and Hungary, owned by eMAG, one of the largest online retailers in Eastern Europe. The certification recognizes the sustainability performance of buildings by implementing energy efficiency and environmental impact reduction measures.
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