The third quarter brought an increased activity on the industrial spaces sector, where retail and related services companies, respectively courier and logistics, rented over 300,000 sqm, having a share of 50% of total transactions, double compared to 2015, the report CBRE Market Snapshot Q3 shows.
CBRE launches in Romania a range of omnichannel services for retailers who want a rapid adaptation to the new market context by expanding industrial spaces. Omichannel services have been present for three years in the global CBRE network, most often in the United States and the United Kingdom, and the Covid-19 pandemic has accelerated the synergy between retail and industrial worldwide.
Globalworth and Global Vision lease to PepsiCo a part of the first warehouse delivered within Constanța Business Park, the newest real estate mixed-use project in the region, developed on a 100 Ha land. It is about a storage space of approximately 6,000 square meters and an office area of 550 square meters, where the company's employees will carry their activities.
Altex Romania has contracted a loan worth 12 million euros from the European Bank for Reconstruction and Development (EBRD) for the expansion of its logistics center in Dragomiresti Vale commune, Dragomiresti Deal village, near Bucharest.
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).
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