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Articles

ORESA INDUSTRA expands the SOLO logistics park in the Iași Metropolitan Area to over 35,000 m2 of industrial and logistics spaces

ORESA INDUSTRA announces the expansion of the area of the SOLO logistics park in Letcani commune, Iași county, which will reach over 35,000 m2 in the second half of 2023. After obtaining the construction permit, the company will build a new warehouse of 10,000 m2, available for rent to companies national and international with local logistics needs.

Private investors, mainly active in the residential sector, are now also interested in real estate assets

Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting “trophy” assets.

Demand for logistics and industrial spaces at maximum levels

The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate consultancy company.

Nokian Tyres will invest EUR 650 mln in greenfield factory in Romania

Finland-based group Nokian Tyres announced that it will invest some EUR 650 million in a new car tire factory in Romania that will become operational at the end of 2024. This is one of the biggest investments announced in Romania’s automotive sector in recent years and will consolidate the country’s position as a tire manufacturing hub.

DAAS Romania chooses ELI Parks for a new 9000sqm built-to-suit warehouse in Ploiești

DAAS, part of the EPTA group, begins partnership with ELI Parks for the development of a new logistic and administrative center in Ploiești.

Q3 sets the stage for the fifth consecutive year of growth on the industrial market

The evolution of the Romanian industrial market in the first nine months of the year confirms analysts' expectations regarding the possibility of setting a new historical record by the end of 2022, thus continuing an upward trajectory started in 2018.

Real estate assets’ values in Romania are under pressure amid accelerating growth in government bond yields

Romania’s 10-year Eurobond yield has recently surpassed the 8% level compared to below 2% three years ago, while for countries in the region, as well as for major economies such as Germany, the increase has been significantly lower.

The Real Estate and Construction sector has attracted around 12 billion euros of FDI in the last 10 years

The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox.

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