OFFICE
-Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announced that DP World Romania, a global leader in logistics and supply chain solutions, is expanding its business operations within Romania and is opening an office in the prestigious One Cotroceni Park class A office building. DP World has invested over 200 million euros in Romania, starting in 2004, the amount including grants from the European Union.
LOGISTICS
-Pan-european owner, manager and developer of high quality logistics and commercial real estate VGP, is expanding its Timisoara logistic park with the construction of the eighth building. The new building with a leasable area of 32,768 square meterswill be certified as BREEAM Excellent.
-CTP the largest listed owner of logistics and industrial real estate in continental Europe, has appointed Ionuț Puiu as Construction Director. With a portfolio already covering 2.9 million sqm of Class-A sustainable modern warehouses, CTP Romania is poised for growth, boasting a landbank of over 3.5 million sqm in various cities. The company has over 200,000 sqm of industrial and logistics space that is currently under development in Arad, Bucharest, Brasov, and Sibiu, with plans for additional development throughout 2024.
-CBRE data shows a favorable new trend shaping the Romanian logistics market: the increased interest (from both developers and tenants) for intermodal terminals linking railways to seaports, as Romania partially joined the Schengen area and controls at the internal air and sea borders have been lifted starting with 31st of March, 2024.
COMPANIES
Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, said its revenues stood at EUR12 million in 2023, up 15% from 2022, with growth supported both by business lines providing brokerage services, and professional services.
