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Warehouse Market News

P3 See Resurgence in Logistics Development Deals in 2013

PointPark Properties (P3), the specialist investor, developer and asset manager of warehouse properties, saw a resurgence in its development activity in 2013, including some speculative building, as the logistics market tightened across the EU, but particularly in Central European markets such as the Czech Republic and Poland. Already high P3 occupancy rates picked-up, and the increasing dearth of available space meant a slight fall in new leasing deals relative to 2012’s robust volumes.

INS: Industrial prices on Romania’s market dropped 0.1 pc in January

Industrial prices in Romania dropped 0.1 percent in January 2014, compared with the previous month, while on the foreign market they went up 0.3 percent, according to the data released by the National institute of Statistics (INS) on Tuesday.

Bid Completed for Industrial Park Bistrita Sud

12 constructors across the country registered for the bid regarding the construction of Bistrita Sud Industrial Park.

Romania’s 2013 GDP growth was sustained by industry and agriculture

An 8% increase in industrial output and a superior harvest helped the Romanian economy grow in 2013 at the faster pace in five years, surpassing every expectation.

Signs of renewed interest in Romania

The question remains as to when Romania will regain its status as a popular destination for investors and developers with a yield premium on Central Europe and office and retail development opportunities in Bucharest and major regional cities.

Second closing for AEW Europe's LOGISTIS Fund

AEW Europe today announced that it has raised an additional €85 million in equity from both existing and new investors for the LOGISTIS Fund taking the total equity in the fund to €600 million. This equity raising is part of the LOGISTIS’s strategy of growing the Fund’s portfolio with a target to invest in new logistics assets in Germany and Benelux.

Ared – logistic and office investments in Western Romania

Ared, one of the strongest residential developers outside Bucharest also operates on the logistic and office segments through its project Business Park UTA1, EUR 29 million investment, including 45,000 sq. m warehouses, 3,000 sq. m offices and commercial spaces.

Pirelli sells the steel cord production facilities, including the plant at Slatina

Italian tyremaker Pirelli mentioned on Friday it had agreed to sell all of its steelcord business to Belgium’s Bekaert in a deal worth around EUR 255 M (USD 348.88 M), WSJ reports.

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