CTP, the largest owner of logistics centers in Romania, with a total area of over 1.5 million square meters, is considering the acquisition of six logistics centers from Zacaria, a real estate developer part of the international group Alf Mizzi & Sons, founded in Malta.
In a transaction worth 18 million euros, two industrial parks located in western Romania add to the portfolio of logistics and industrial properties of Globalworth, the largest office owner in the country and one of the major players in the industrial space market. The acquisition was made from the giant's industrial development partner, Global Vision.
Element Group recently made a strategic acquisition in the vicinity of the Bucharest-Pitesti highway, where the developer intends to build a new logistics park of class A, under the Element Industrial brand.
South African Fortress Investment Fund, which owns 23% of NEPI-Rockcastle shares, is discussing with Dedeman and Element Industrial the takeover of an industrial park in the Chitila-Buftea area to acquire the ELI Park 1 logistics park in Chitila, according to real estate sources, quoted by ZF.
Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided legal assistance to the Dutch financial holding Forum Serdika, owned by the British investment fund East Balkan Properties plc, in the sale of its industrial park Equest Logistic to CTP, the real estate developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe. The transaction was signed in March 2020 for a value of approximately EUR 30 million
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, a leading global alternative investment manager, for a net consideration of approx. €950 million.
The developer of real estate projects Iulius, through the company Carbo Europe, has finalized the process of acquiring the majority shares of the manufacturer of abrasive materials Carbochim SA Cluj-Napoca.
The volume of real estate investments in Romania in 2019 exceeded the limit of one billion euros, totaling about 1.06 billion euros, up 7% from the level recorded in 2018, data from the research department of the real estate consultancy company CBRE Romania shows.
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