The transaction was intermediated by industrial real estate broker Dunwell and exceeded EUR600,000, per data provided by Bogdan Chiruta, owner of Boutique Mall.
CTPark Bucharest North, an industrial project built by CTP in Stefanesti (Ilfov County), at the end of 2020, is strategically located on Bucharest beltway.
The first phase of the project, of 21,000 sqm, has been already delivered, and works for the entire 116,000 operational square meters are expected to be completed until the end of 2021.
Despite all concerns, pessimistic projections and the slowdown in activity, 2020 was better than 2019 in terms of industrial spaces transacted, seeing an increase of 38% (654,904 sqm versus 474,800 sqm), according to Dunwell data. Most contracts, which targeted new lease, relocations/renegotiations or temporary lease, were concluded in the cities of Bucharest, Timisoara and Craiova.
The industries accounting for the bulk of space leases are the fast-moving consumer goods (FMCG), with 38% of the market share, boosted last year by the growth of the online commerce, logistics (15% of the value of transactions) and retail (13% of the overall space leased).