LOGISTICS
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics project in Arad (western Romania), CTPark Arad West.
RETAIL
The first half of 2023 saw a low pipeline of new modern retail projects deliveries, but the second half of the year is expected to be more active, with about 260,000 square meters of new retail schemes announced for the end of 2023, mostly in small and medium-sized cities, Colliers’ mid-year market report reveals.
OFFICE
Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022) according to data from the Cushman & Wakefield Echinox real estate consultancy company.
INVESTMENT
On an annual basis, the number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% but the average price per property decreased from €24 million to €11 million, according to data from Cushman & Wakefield Echinox. Therefore, the transactional volume has seen an decline of 43%, to a level of €181 million.
