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Articles

CTP and Arcese in major lease agreement at CEE’s largest industrial park

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), is pleased to announce a strategic collaboration with Arcese Group, the renowned global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE). This will be Arcese’s first location in Romania with CTP, reinforcing their expansion efforts following a successful partnership with CTP in Hungary.

Total investment volume drops 60pct in Romania to about EUR 500 mln in 2023 compared to previous year

2023 was a challenging year for the real estate investment market. According to an analysis by Crosspoint Real Estate, Romania attracted investments worth around EUR 500 million, 60% less than the previous year.

Transilvania Construcții has invested 15 million Euros in TRC Park Bacău

Transilvania Construcții recently completed the construction of its new logistics park in its portfolio – TRC Park Bacău – a project in which the company invested over 15 million Euros.

Top 10 predictions for the Romanian real estate market in 2024

Romania’s real estate market remains a sector with high growth potential, even if the pace could be slower in 2024 than before the pandemic, Colliers consultants predict in ”Top 10 Predictions Romania 2024” report.

iO Partners welcomes Charles Boudet as CEO

iO Partners announces the appointment of Charles Boudet, an industry veteran with diversified expertise, as CEO.

Land market remains robust in Romania, ending 2023 on a strong note

The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates.

Macroeconomic uncertainty, consumption contraction and interest rates are the main concerns for real estate investors

Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.

VGP and Areim create €1.5bn European industrial venture

VGP NV ("VGP", or “the Group”), a European provider of high-quality logistics and semi-industrial real estate, is pleased to announce the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm.

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