“The total surface area of logistics and industrial property in Romania in 2021 is expected to be over 5.8 million square meters. The continuing demand for modern logistics space, combined with limited completion of new developments, also translates into a decrease in the average vacancy rate to 5.0% for the entire country,” the report says.
WDP’s Romanian portfolio was valued at EUR715.7 million at the end of the first half, considering only the existing buildings. Projects under development were valued at EUR52.5 million and land reserves RON55.7 million.
WDP has 57 lettable sites in Romania, with a gross lettable area of almost 1.2 million square meters. It also owns more than 5 million square meters of land.
WDP completed EUR134 million investments in Romania in 2020, which translate into 223,600 square meters of logistics space.
(English version by Loredana Fratila-Cristescu)