Dunwell exceeds 35 percent market share of the industrial market transactions in H1 2019

Dunwell exceeded 35 percent of the total logistics and industrial transactions in the first half of 2019, with more than 45,000 sqm transacted, strengthening its position in the top brokerage agencies in Romania, a press release shows.

The Dunwell team has transacted both warehousing and future production units, representing extensions, relocations or new projects. For the first half of 2019, the average surface transacted by Dunwell was about 5,000 sqm.

“The Industrial market is going through a very good period of time, being marked by a high interest from investors, encouraged by the positive results during the first six months of the year, when we have exceeded, once again, our expectations, and reached more than one-third of the market share transacted by the agencies in the Industrial sector. We expect this trend to continue in the second half of 2019 so that by the end of the year we will have reached and exceeded 100,000 sqm industrial space transacted”, said Marian Orzu, managing partner Dunwell.

According to Dunwell data, in H1 2019,  about 280,000 sqm were transacted in the Industrial Market , out of which more than 125,000 through the agencies, the rest within direct deals made by the developers with tenants. Approximately 50 percent of the total surface transacted in H1 2019 took place  in locations near Bucharest, 70 percent of the deals being done by the agencies. Other highly transacted cities are Timisoara and Ploiesti.

Analysing agencies data, over 80 percent of the total surfaces transacted was warehousing, the rest being production, with Dunwell securing nearly 90 percent of the transactions for future production units.

For 2019, Dunwell estimates the transacted volume to be similar to 2018 and to reach 500,000 sqm, either through the agencies, directly with the developers or both ways.

When it comes to new industrial space deliveries, the total of modern projects has exceeded the four million sqm threshold in H1 2019, while the potential for new developments announced for this year is situated around 750,000 sqm in the whole country.