about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox

Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a number of large cities with access to at least one highway that facilitates the transport and distribution of goods in a shorter time and with lower costs to a larger number of customers, says C&W Echinox.

2018-11-08 13:28:32

The stock of industrial and logistics spaces in Romania reached 3.42 million square meters at the end of Q3 2018, almost 90 per cent of which being located in Bucharest, Timisoara, Cluj-Napoca, Pitesti, Ploiesti, Sibiu, Arad, cities that have connections to the national highway network.

Other cities where modern logistics parks have been developed, but which do not have direct access to the high-speed road network, are Iasi, Ramnicu Valcea, Braila or Roman, where the projects are mostly built-to-suit, being made at the express request of an occupant.

Bucharest has a stock of more than 1.6 million square meters of storage space, accounting for 48% of the total national stock, the capital city being followed by Timisoara (440.000 sqm), Cluj-Napoca (254.000 sqm), Ploiesti (240.000 sqm) and Pitesti (240,000 sqm), according to the Romania Industrial & Logistics Market report by the Cushman & Wakefield Echinox real estate consultancy firm.
In the first nine months of the year, new spaces of 380,000 square meters were delivered, with developers being expected to complete another 200,000 square meters, a record level for the Romanian market.

"We have noticed a more dynamic market activity over the past three months, with active demands from logistics companies involved in various projects and auctions," says Rodica Tarcavu, Partner, Industrial Agency, Cushman & Wakefield Echinox. "The main area of interest is still Bucharest, the city with the largest stock (over 1.6 million square meters) and attractive new deliveries in 2019. Moreover, the big cities (Timisoara, Cluj-Napoca, Sibiu) that have a tradition of industrial development are also on the tenants' expansion map. We are also observing a growing interest for cities in the Eastern region of Romania, such as Bacau or Iasi. The year 2018 was an excellent one for retailers and distributors who have consolidated or made large-scale moves, and we estimate that we will also witness significant transactions in this segment in 2019."

Given that the occupancy rate is over 95 per cent in most cities, the rental level continued to be stable, class A deposits being traded at between 3.5 and 4.25 euro/ sqm/ month, the price being set depending on various criteria such as the occupancy moment, surface area or technical specifications.
Considering the development plans announced by the big players in this market, it is expected that the industrial and logistics stock in Romania will exceed the 4 million sqm threshold by the end of 2019.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  508 Views
Daily Info
Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie thr...

Bucharest Stock Exchange and other capital market representatives establish the Romanian Investor Relations Association

Companies listed on the Bucharest Stock Exchange (BVB), those with potential to become listed companies jointly with funds managers and Investor Relations (IR) professionals f...

GapMinder fund invests in FintechOS, a start-up that develops AI solutions for the financial services industry

FintechOS, a company specializing in accelerating the digital transformation of financial institutions, has attracted 600,000 Euro of funding from the GapMinder investment fun...

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. To...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catali...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Tran...