Local industrial stock ‘to exceed Hungary’s in three years”

Newsroom 18/12/2007 | 16:02

At present, the logistics space market in Romania is smaller than its equivalents in Hungary, Poland, the Czech Republic and Russia, according to data from DTZ.
Hungary totals 1 million sqm of industrial space, the Czech Republic, 2 million, Russia, some 3 million sqm, while Poland exceeds 3 million sqm of warehousing.
Regional real estate experts expect Russia to have the biggest industrial stock in the region in three years, thus outpacing Poland. Several developers are currently working on industrial projects in Romania to be delivered in the next two to three years.
Czech-based group CTP Invest will develop EUR 100 million worth of investment in three industrial projects in Bors, Pitesti and Cluj-Napoca under the CTPark brand in the next two years.
The developer plans a portfolio of one million sqm industrial spaces in Romania in the coming years. The first industrial unit will be fully delivered within three years.
Spanish developer Graells & Llonch said it would invest EUR 350 million in two industrial parks in undeveloped areas in Romania. This comes after the company started the development of one industrial park in the Prejmer area, in Brasov County, this year, following a similar size investment.
The company plans to build in Prejmer an industrial area spread on 700,000 sqm. The commercial space will occupy 15,000 sqm and the offices will be built on 8,000 sqm.

Corina Saceanu

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