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Warehouse Market News

Liberty Steel plans investments of 200 million euros in its Romanian factory in Galaţi

Liberty Steel intends to invest 400 million euros in the seven steel factories bought from ArcelorMittal, out of which half would go to the Galati factory, Bloomberg writes.

Reynaers Aluminum is budgeting new investments, including the opening of a new logistics center of about 3000 sqm

Reynaers Aluminum Romania, part of the European leader in the aluminum solutions segment for the construction sector, has an investment plan of about 1,400,000 euros for the next five years, aimed at local expansion and development.

The future is of buildings connected to the Internet

Connecting a building to the Internet to manage from security to parking systems, from ventilation to heating, has become a reality based on digital technologies.

Colliers International Appoints Andy Hay as New Head of EMEA Real Estate Management Services

Leading global commercial real estate services and investment management firm, Colliers International, announced the appointment of Andy Hay as its new Head of EMEA Real Estate Management Services (REMS) effective immediately.

CTP prepares the acquisition of Equest Logistic Center near Bucharest, a transaction of EUR 28 million

The real estate developer CTP, the largest owner of warehouses in Romania, intends to purchase the Equest Logistic Center park, located on the western outskirts of Bucharest, from the British Equest Balkan Properties fund at a price of about 28 million, according to Profit.ro estimates.

CBRE Romania recruits Gijs Klomp as Head of Investment Properties

CBRE expanded its Romanian management team by recruiting Gijs Klomp, as Head of Investment Properties for CBRE Romania. Gijs has over 17 years of experience in real estate and was involved in investment transactions worth more than EUR 2.00 billion.

Dunwell estimates that the volume of industrial transactions in 2019 will be over 500,000 square meters

According to Dunwell data, in the first half of the year, about 280,000 square meters were traded in the industrial market, of which over 125,000 square meters were closed by the real estate consultancy agencies, the difference being direct transactions of the developers. About 50% of the total transactions of the first semester were signed in Bucharest, 70% of them being concluded by the consulting agencies. Other trading areas are Timișoara and Ploiești.

About 450,000 square meters of industrial and logistics modern space would be completed by the end of 2019

The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.

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