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Articles

Corratec opens 300,000 unit factory in Romania

The new Corratec facility is located in the outskirts of the Romania city of Timișoara.

The demand for logistics and industrial spaces reached 562,000 in the first 9 months of 2021, a slight decrease

The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company.

Rental market needs to understand and follow the upward trend of the construction and workforce costs

NGB Distribution Center, one of the industrial and warehouse landmark projects in the southern part of Bucharest, is nearing completion. It is an important hub for companies with operations in this part of the city, offering flexible accommodation for a large array of business. We talked to Nicholas Bouri, the managing director of NGB Construction & Management, the developer of the project, about the latest details of the investment and their future plans.

CTP Beats Targets as Profit Year to Date 2021 Jumps 92% year-on-year

CTP, the EU’s leading listed developer and owner of logistics real estate by gross lettable area (‘GLA’), reported a 92% rise in profit for the first nine months 2021 to €317.8 million, compared with €165.8 million for the same period of 2020. The company's portfolio reached 7.1 million sq m, of which 2 million sq m are in Romania.

TOPBAND Europe rented 11,000 sqm in Olympian Park Timisoara

TOPBAND Europe has rented 11,000 sqm area of industrial spaces in the Olympian industrial park in Timișoara. This transaction represents the entry of the Chinese company into the Romanian market.

Sudy: use of electricity to reduce greenhouse gases emissions in industry, buildings and transport can help achieve net zero ambitions

The progressive use of electricity emerges as the most efficient energy vector to achieve net zero ambitions, in particular, in fields such as industry, buildings and transport, as these sectors are the main causes of global greenhouse gases emissions, according to a Deloitte analysis quoted in the B20 Italy Energy & Resource Efficiency policy paper, for which Deloitte has been the knowledge partner.

CTP and Tuborg sign a 5-year partnership for a space of 10,300 m2

CTP, the largest owner and developer of industrial and logistics spaces in Romania, has concluded a partnership for the next 5 years with Tuborg Romania. CTP will develop in CTPark Bucharest North, a project located in the Ștefănești area, a dedicated warehouse of 10,300 m2 that will be customized to meet the client's needs.

A lot of talking around ESG, but is Romania prepared for what’s coming?

Top 10 things real estate Investors and Landlords need to know

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