Daniel Cateliu, joins the Industrial & Logistics Services team, at CBRE Romania, as director

Deniza Cristian 03/02/2023 | 10:24

CBRE, the global leader in the real estate consulting market, appoints Daniel Cateliu as Director in the Industrial & Logistics department, as part of the company’s strategy to strengthen its team of senior consultants and expand its local market share on Industrial & Logistics sector.


The company’s decision comes after the market reached a record last year in the Industrial & Logistics segment, with over 1 million square meters added to the modern stock of industrial spaces, 31% increase of volume compared to 2021 and 21% higher than in 2020.

Daniel Cateliu, senior consultant with 10 years of experience in the industrial segment, half of it in CBRE, having over time   the role of senior adviser in the industrial segment in the period 2013-2018 and the role of Leasing and Development Manager in the period 2019-2021 and Senior Leasing and Acquisition Manager in 2022 at P3 Logistic Parks, returns to the CBRE team. Daniel will contribute to the company’s development efforts in the industrial and logistics segment, and in his new role, he will also be active in the industrial space land segment.

“In a year in which we expect to add a further 550,000 sq m to the stock of modern industrial & logistics spaces, I expect that we will benefit substantially from the expertise of Daniel, a senior in the market and an outstanding person with special professional skills. I am pleased to strengthen the competitive profile of the CBRE team, which managed to end 2022 second in terms of market share in the Industrial & Logistics segment. An intense year is ahead, in which we will seek to benefit from the fact that Romania is well positioned both for the nearshoring strategy of many manufacturing companies, as well as for local and regional distribution in CEE”, said Victor Răchită, Head of Industrial & Logistics Services of CBRE Romania.

The identification of favorable solutions for clients and the company, together with solid expertise in the field, represent Daniel’s strengths, and skills acquired through involvement in impact projects over time as a specialist in consulting in the industrial field within CBRE Romania and P3 Logistic Parks, but also in consulting at the World Bank and as a member of the Board of Directors within the National Company Romanian Post S.A.

“I am happy to return to the CBRE team, a benchmark company in the real estate consulting market, where I am pleased to be already involved in a number of important projects. 2023 is set to be a special year, in which we expect retailers and e-commerce to maintain the momentum that led to almost a third of 2022 transactions generated by companies in this sector, but also to see exciting moves in the manufacturing area. I aim both personally and as a team goal, to increase the market share in line with our abilities”, added Daniel Cateliu, Director of Industrial & Logistics Services, at CBRE Romania.

Always keen to further expand his knowledge, Daniel is currently pursuing an EMBA at the University of Sheffield in the UK. He is a graduate of the Faculty of Political Sciences within the SNSPA, period 2007-2010, subsequently following a master’s program and earning an Erasmus scholarship at the University of Trieste (Italy).

Record – a single word can describe the industrial total leasing activity (TLA) for 2022, the best year ever recorded for logistics players

Summing 1.11 mln. sq m, the industrial transactional activity for the first time overpassed the 1.0 mln. threshold and it is 31% higher compared with the amount concluded in 2021 and with 21% higher when compared with 2020 which now became the second-best year in terms of leasing activity and new supply. With seven transactions ranging between 88,000 sq m and 20,000 sq m, the average deal size in 2022 stands around 5,800 sq m, with a value of 8% higher than last year’s average.

The impressive amount of the 2022 new supply, showing a 54% year-over-year increase and marking a new peak in terms of new deliveries, indicates not only the prosperous trend inflicted by 2020 events but developers’ willingness to expand and develop new hubs throughout the country. The year’s record can be attributed to both local and internationally established industrial developers active in the Romanian market.

In an attempt to minimize distribution chain disruptions for their tenants, industrial developers who choose to create logistics hubs in areas with underdeveloped infrastructure, managed to set an alternative way of cargo management (air/sea/railroad).  In addition, changes in modern stock and leasing activity bring into the spotlight tenants’ behavior throughout the year when sale and lease back transactions were concluded, as well as leases concerning nearshoring, consolidation, and storage areas in accordance with new volumes requested by the market.

Net demand (total transactions, excluding renewal/renegotiation) accounted for 83% of total leased space, indicating the willingness of tenant companies to either secure a new location, relocate or expand their space occupied within the same project. Also known as new demand, the overwhelming majority held within the 2022 TLA, the outstanding amount of let area falling in take-up category, is a vivid sign of market players in need of a new or larger leased space. The year-over-year evolution reveals an increase in take-up, with 50% compared to last year and 28% compared with the reference year 2020.

In 2023, the modern stock of industrial spaces will exceed the 7 million square meter milestone

About 550,000 sq m are expected to be added to Romania’s modern industrial space stock by the end of 2023, expanding the modern stock to over 7 million sq m. About 41% of the future new deliveries are developed in Bucharest, and 26% will be added to the modern stock of industrial / logistics premises in the West / North-West region.

What comes as an encouraging sign as the 2023 forecast unfolds is that the East / North East region places the third with 18% from the future deliveries surface. Once overlooked by investors mostly due to underdeveloped infrastructure in the area, the East / North East part of the country, managed to attract local investors willing to create the foundation of the industrial modern stock in the area, with developments that can further attract and encourage both public authorities and logistics players to invest in this region. With a lower than 10% share per region, Central and South markets will jointly host 14% of the area to be delivered by the end of 2023.

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