The retailer Profi rented over 100,000 sq m in two warehouses that will be built by the Belgian operator WDP in Timişoara (58.000 sqm) and Craiova (57.000 sqm), investments valued at 70 million euros, part of the strategy to expand logistics operations.
Online retailers operating in the Electro-IT and Home & Deco sectors occupy approximately 370,000 sq m of storage space and this area could increase by at least 50% in the next two years, amid the development of online commerce, according to the Romania E-Commerce research report released by CBRE.
One of Europe’s largest distributors of bananas marketed under the Yellow brand name is set to become a tenant at MLP Bucharest West in the first quarter of 2020. MLP Group was once again assisted by Dunwell, the leading industrial real estate agency in Romania.
Overall, industrial and logistics take-up increased some 40% in the first three quarters of 2019, to 306,300 sqm, but this figure is nearly 27% below 2017’s same period. 2019 still looks like a solid year overall (including the fourth quarter).
Vivre has taken over a new logistics warehouse with a total area of 6,500 m2 and a capacity of approximately 9,000 large pieces of furniture. The value of the investment in logistics reaches 500,000 euros.
The volume of industrial and logistics rented in the first half of the year totaled 240,700 square meters, more than twice the level recorded in the corresponding period last year, of about 100,800 square meters.
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