Saint Gobain leases 3,260 sqm in West Light Industrial Park

Construction materials producer Saint Gobain has leased 3,260 sqm in West Light Industrial Park, developed by Portland Trust, Colliers has announced. Saint Gobain Construction Products has relocated its industrial activities to the park in order to optimize its operational performance.

According to the latest market report released by Colliers International, the vacancy rate for this sector is expected to increase further in the short term, to 14 percent in 2010, due to tenants expected to vacate their space. The most notable transaction in Bucharest last year was the leasing of 10,000 sqm by paper producer Antalis. Almost 30 percent of the industrial demand in 2009 was driven by logistic operators and transport companies, followed by FMCG players. Colliers expects it to come from logistics, retail, FMCG and automotive industries in 2010.

Corina Saceanu