For the integrated real estate services platform Global Vision, the end of summer means an intense period of work. It is about completing 3 logistics and industrial projects in 3 strategic areas of the country and accommodating tenants who have decided to expand or move their operations in projects developed by Global Vision.
In the industrial & logistics area, it has been business as usual during the pandemic, with some seeing big spikes in activity, but a significant pipeline of speculative developments and a competitive market are tilting the balance in favour or tenants.
The representatives of the public administration from Mirăslău commune, Alba, say that there are all the conditions for the construction and arrangement works of the largest logistics terminal in the county to start in Decea locality this autumn.
Urbano Parks, a company founded by entrepreneurs Mircea Ilea, Alexandru Şerban and Daniel Paraschiv from Cluj-Napoca, announced that over 95% of the construction works in phase I have been completed, and the infrastructure part of the park, interior installations and office finishes are in progress.
The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate consulting company Cushman & Wakefield Echinox.
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 real estate consultancy company Colliers International Romania has been assigned to offer property management services for the first phase of the industrial park ELI Park 1, with a total area of 20,000 sqm.
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