Fast-moving development of Cluj draws interest in the surrounding areas as well, says CBRE

Cluj County has become an example to be followed in terms of economic and real estate development of the area. Recently,  investors’ appetite has also extended to the nearby cities, within a radius of about 50 kilometers. A land of 26 hectares, classified as industrial park, was put up for sale in Ocna Mureș, according to CBRE, which obtained an exclusive mandate for the development of the retail and industrial area.

The land is located in the north of Ocna Mureș, near the residential district Mălinului, on the site of the former Soda Factory in Ocna Mureș, Alba county. In close proximity of the land, the newest salt baths treatment facility is being built and will be completed by next year. Additionally, a recreational area is scheduled to be set up nearby.

The land comprises a total area of 26 ha and a for part of it, CBRE Romania negotiates with several food operators, since modern commerce in Ocna Mureș is currently poorly developed.

About one million square meters of land were traded on the Romanian market in the first half of 2019, only 33% of this area being located in Bucharest, according to the most recent CBRE Research report. Investors were mainly interested in land for industrial (49% of the traded area) and retail (45% of the total area) developments.

Nationally, in the first half of 2019, retail developers invested about 45 million euros in the purchase of a total area of 460,000 sqm, the most representative transaction being the acquisition by Auchan of a 220,000 sqm land in Reșița, Caraș Severin county.