In line with Cushman & Wakefield Echinox data, Bucharest concentrates the highest number of deals with urban land plots resulting from industrial space transformation and investors mainly eye mixed projects.
In recent years, major platforms such as Rocar (around 21 hectares), Roca Preciziei (around 12 hectares), Helitube (abour 8.9 hectares), Muntenia (around 5.7 hectares), Antrefrig (around 5.7 hectares), Titan Mar (around 4.5 hectares) and Atlas (around 2.9 hectares) have been traded, with most destined for some future extensive projects.
Local and international developers, such as Prime Kapital, One United Properties, Forte Partners, Speedwell, Prima Development or Hils Development, are carrying out urban regeneration projects on former Bucharest industrial platforms.
According to Cushman & Wakefield Echinox consultants, the reconversion tendency has rapidly expanded to the other large cities of Romania.
“Industrial platform reconversion continues to be a leading real estate investment opportunity,” says Stefan Oprea, Land Agency consultant at Cushman & Wakefield Echinox.
(English version by Catalina Apostoiu)