CTP, the largest owner and developer of logistic and industrial real estate in Romania, continues its long-term partnership with MSL Logistic, a company that provides services for the pharmaceutical sector, which has expanded its leased space within CTPark Chitila by an area of 6,660 m2.
Global Supply Chain Leader, HAVI Logistics joins the Chitila Logistics Hub’s industrial community, a project developed by Globalworth and Global Vision near Bucharest. Here, HAVI will open its largest distribution center in Romania on a total area of 21,000 square meters which will include temperature-controlled spaces, storage and offices.
Corteva has pre-leased approximately 23,000 sq m of industrial space in a built-to-suit warehouse located in the north-east of Bucharest and developed by Lazar Real Estate, part of International Lazar group. The transaction was advised by CBRE.
In a transaction worth 18 million euros, two industrial parks located in western Romania add to the portfolio of logistics and industrial properties of Globalworth, the largest office owner in the country and one of the major players in the industrial space market. The acquisition was made from the giant's industrial development partner, Global Vision.
In the first quarter of this year, a total of 264,000 sq m of industrial space were rented on the Romanian market, according to the report launched by CBRE, the leader of the real estate consulting market. The traded volume marks an increase of 43% compared to the same period last year, in the context in which 2020 was a record year for the industrial space market.
Element Group recently made a strategic acquisition in the vicinity of the Bucharest-Pitesti highway, where the developer intends to build a new logistics park of class A, under the Element Industrial brand.
The modern stock of industrial spaces in Romania has exceeded the threshold of 5 million sqm in 2020 and will reach approximately 5.5 million sq m this year, over 60% of the area under construction being already pre-leased.
XXXLutz has rented 6.000 sqm in WDP’s A-class warehouse in Dragomiresti, North-West of Bucharest’s RingRoad, space that will optimise the supply of its stores XXXLutz Militari and Pallady, transaction brokered by Dunwell.
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