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.
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.
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.
The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when the local market reached a record level.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 5,300 sqm of warehouse at CTPark Oradea Cargo Terminal, Romania’s pioneering industrial park featuring an air cargo terminal, to HelpShip, a leading logistics solutions provider, part of euShipments.com's group and logistics network.
P3 Logistic Parks, a developer, owner, and manager of industrial European real estate concluded 2023 in Romania with transactions totalling more than 170,000 m² in P3 Bucharest A1 industrial park – P3’s highest activity volume recorded in recent years, in the Romanian market.
The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in Romania in 2023, corresponding to a 46% decrease compared with the previous year, a contraction which was caused by a reduced development activity on speculative basis, according to data from the Cushman & Wakefield Echinox.
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