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Warehouse Market News

CTP announces partnership with UNHCR, will fund 70 scholarships to refugee youth

CTP becomes the first sponsor of UNHCR’s Aiming Higher Education Campaign

Mobexpert, the new tenant of Globalworth and Global Vision in Constanta Business Park

Globalworth and Global Vision announce new tenants for the first phase of the Constanța Business Park project. Mobexpert is among the new members of the Globalworth Industrial community, Globalworth's logistics and light industrial sub-brand. The leading company on the Romanian furniture market leased an area of approx. 2,000 sqm. Continuing the global eCommerce growth trend, the space will include office and storage areas meant to serve Mobexpert’s clients in South-Eastern Romania.

CTP continues to garner strong investor interest raising €500 million in their third green bond issuance

CTP B.V. raised €500 million with their third green bond issue on February 18th 2021, increasing the total raised from Green Bonds to €1.55 billion since their inaugural issuance in September 2020.

Commercial real estate players in Romania will look for shorter contractual periods in the future

Commercial real estate playersin Romania will be inclined to conclude contracts forshorter periodsthan before the pandemic, as almost 80% of owners, developers and investorsin this field consider contractual adjustments and flexibility to be the main attributes that will count for tenants and end-users whenthe health crisis ends, according to Deloitte Romania Commercial Real Estate Survey 2021.

The logistics and industrial market was the most dynamic real estate sector in 2020, with total demand up by 72 percent

The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72 percent over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released by Colliers.

The context generated by the pandemic has accelerated the logistical demand and development towards new records

Almost 1 million sq.m transacted and 650,000 sq.m of new spaces delivered

CBRE recruits new talent, Mihai Patrulescu, to lead the Investment Properties department

CBRE continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.

P3 Romania signed leases for about 220,000 sq m last year

The developer of logistics and industrial spaces P3 Romania signed, in 2020, leases for approximately 220,000 square meters of storage and office space, of which 55,000 sqm are new contracts and 165,000 sqm are extensions of existing contracts.

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