CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the second half (H2) of 2018 with results that substantially exceed the same period of 2017, in what concerns the built and delivered units.
WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million euros, amounting to some 130,000 m² in property, both through new development projects and through acquisitions for existing and new clients. On completion, this new investment package will bring the total property portfolio to around 450 million euros, with projected portfolio investment growth approaching 500 million euros (or 15% of the total WDP property portfolio) by late 2019.
Ten years ago, the financial crisis of particular severity brought countless countries into recession, including Romania. In the last decade, Romania's economy has undergone a number of changes, also marking significant progress, including in the real estate sector, whose prospects for the next 10 years offer an attractive risk / reward profile, according to the Colliers International real estate consultancy Romania.
Profi Rom Food SRL, the company that manages the Profi supermarket network, is expanding the Ploiesti distribution warehouse by approximately 20,000 square meters in Logicor Logistics Ploiesti logistics center, with works to be completed in September.
The growth of the industrial-logistics segment of the real estate will keep its trend of 2017, both in the short and medium term, according to the study conducted by Dunwell, a specialized agency. Consumption growth of 8.4% last year and a transaction value in this sector in 2017 estimated at € 240 million, are the premises of a second record year in logistics and industrial development, with over 500,000 m2 estimated to be delivered up to end of the year.
Ionuţ Dumitrescu launches Element Industrial, a real estate development company focused on logistics projects. The new company is considering developing a portfolio of projects in Bucharest and in the country.
ING Bank Romania and the European Bank for Reconstruction and Development (EBRD) finance with EUR 96 million the CTPark Bucharest logistics park, operated by the Romanian subsidiary of Czech real estate developer CTP, which owns the largest portfolio of logistics parks in Central Europe and East.
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