Romanian developer Zacaria announces deals for 47,000 sqm in the industrial segment this year

Romanian real estate developer Zacaria maintained a good pace this year with new and renewed rental deals of almost 47.000 sqm in the industrial segment. The developer fully leased its industrial park in Craiova, whilst its newest project in Sibiu is close behind, with a 93% occupancy.

“2020 has not been as spectacular as we hoped it would be, but we’ve seen steady growth throughout the year, and we end 2020 in a better condition than we expected earlier in the year. At the beginning of the pandemic we reassessed our 2020 sales targets and adjusted our approach for the year. Fortunately, our business model proved to be effective to the extent that we surpassed the revised targets we had set. I believe that our success during 2020 is namely due to a close working relationship with our clients by finding reasonable solutions for the ones that suffered, resilience, and being able to adjust quickly to the market changes”, said Jonathan Diamantino, Zacaria’s Chief Executive Officer.

With six new clients in 2020, the two buildings from Southern Industrial Park in Craiova with a total area of 40,000 square meters, are now fully rented. This industrial park hosts 17 companies from various fields, from transport and production to e-commerce.

One of the more interesting deals Zacaria closed this year is with the client ASOLO. The renowned Italian outdoor footwear manufacturer signed a lease for a 3.600 sqm.  The company will begin production in their new unit, located in Network Industrial Park, at the beginning of 2021.

This industrial park, located in the East Industrial Zone of Sibiu, is currently 93% rented and it is expected that by the end of Q1 2021 it will be fully leased.