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    Penta Real Estate and PSN Announce Project to Replace Former Transgas Building in Prague

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    One United Properties Announces the Handover of One Cotroceni Park Phase I

    One United Properties Announces the Handover of One Cotroceni Park Phase I

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Home Segments Industrial & Logistics

Cushman & Wakefield Echinox: Industrial and Logistics Spaces Leased in Romania Up by 21%

Irina Negoita by Irina Negoita
September 14, 2021
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Cushman & Wakefield Echinox: Industrial and Logistics Spaces Leased in Romania Up by 21%
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In August, 2021, Cushman & Wakefield Echinox reported that 360,000 square meters of industrial and logistics spaces were leased in the first semester of 2021 across Romania – a 21% increase compared to the same period of 2020.

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Halfway through the year, contract renewals represented 16% of the transactional volume, thus demand was primarily driven by new leases and relocation projects. Bucharest attracted almost 63% of the transactional volume, followed by Sibiu with a 7% share, and Timisoara and Pitesti, with 6% each. Among the most important transactions in Q2 were the agreement for the renewal and extension of the Altex warehouse within the P3 Bucharest A1 project and the 9,000 square meter warehouse lease by A&D Pharma within CTPark Sibiu.

Among new deliveries were a 70,000 square meter building within CTPark Bucharest West, along with the 58,000 square meter Profi distribution center delivered by WDP in Craiova, and the 30,400 square meter building part of the VGP Park project from Timisoara. Currently, developers have new spaces with a total area of ​​over 630,000 square meters under construction, of which Bucharest accounts for 400,000 square meters.

“The logistics and industrial market continued its evolution in the first part of this year, as we could witness a good balance between supply and demand both in Bucharest and in the representative cities,” concluded Cushman & Wakefield Echinox Partner for Industrial Agency Rodica Tarcavu.

Tags: CTPCushman & Wakefield EchinoxP3 Logistic ParksVGP
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Irina Negoita

Irina Negoita

Irina is an international business journalist with ten years of experience across several geographies, and writing for renowned publications including IHS, UBM, or S&P Platts, among others. She holds a BA in International Affairs and Communications from Vesalius College in Brussels, and an MSc in Crime Science from UCL in London.

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