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Belgian real estate group finalizes one of the biggest land transaction in Romania

Romanian broker specialized exclusively in industrial real estate Dunwell, and VGP, one of the main industrial parks developer in Germany and CEE, concluded a 230,000 sqm land transaction in Brasov. This is one of the largest industrial development land purchase in Romania, outside Bucharest, within the last five years.

2018-06-06 13:39:09

Dunwell has successfully concluded the brokerage process of this land transaction at the end of May. The broker started its operations in second half of 2017.

"This first and also important transaction in land brokerage represents for Dunwell the completion of a long process and a confirmation that we have the power to successfully operate on this market and serve our clients with our specialized expertise in industrial real estate," said Daniel CautiČ™, Managing Partner at Dunwell. "The result of the partnership with VGP makes us confident in the market's future prospects and gives us the strength to focus on the next projects we have to complete. The Romanian market evolution is also a source of optimism, the need for logistic and industrial space continuing to be at high rates."

The real estate group VGP is specialized in the acquisition, construction, leasing and administration of industrial and logistics real estate. The Belgian company is continuously working to optimise its buildings in accordance with the demands of the market and the latest technical developments: energy efficiency and sustainability are among VGP top priorities. In Romania it owns, starting 2012, other two logistics parks: VGP Park Timisoara with 270,000 sqm land area and over 120,000 sqm GLA and VGP Park Sibiu with 97,000 sqm land area and more than 45,000 sqm GLA.



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