Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.
Leading European industrial and logistics developer, owner and operator targets 20 million sqm portfolio by end of decade as research identifies five key drivers of growth in CEE
The real estate market hit a record investment in 2022, when it managed to exceed a historic milestone of 1.25 billion euros, an increase of 36% compared to the previous year, according to the latest CBRE report - "Market Outlook 2023".
CTP, the largest listed developer and manager of industrial and logistics space in Continental Europe, continues to develop its portfolio in Romania with a new industrial park in Arad. CTPark Arad West is strategically located with easy access to the western part of the city, close to the DYI centres and benefits from both public transport and a very good connection to the A1 motorway, less than one km away.
The Belgian developer of logistics spaces WDP, with significant investments on the Romanian market, has completed investments of 69 million euros and is working on projects of 92 million euros. Romania continues to be one of the company's important investment hubs.
CTP N.V., the EU’s largest listed developer and operator of logistics and industrial real estate by gross lettable area (GLA), has today closed a €700 million four-year green bond under its eight billion euro medium-term note (EMTN) programme.
The real estate investment market has been on an upward trend for the past three years, unaffected by the pandemic. The total volume of investments on the Romanian real estate market was 919.45 million euros in 2021, up 4% from the previous year, according to a study by Fortim T.A., a member of the BNP Paribas Real Estate Alliance.
This year, WDP invested 14 million euros in the acquisition of land in Romania, in Dragomireşti and Ştefăneştii de Jos, according to the company's financial report. Another investment is a 60,000 sq m plot of land, in Timişoara, an investment of 5 million euros, near the Sport Mechanical Workshop bicycle factory.
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