“The future project in Ocna Mures is a competitive alternative to Turda, Cluj-Napoca or Targu Mures, as it is located just 8 km of the Unirea traffic node on highway A10 and some 50 km from Cluj-Napoca and already has infrastructure and utilities available,” said Valentin Popescu, senior consultant in the land development department of CBRE Romania.
The land is located in the northern part of Ocna Mures, on the site of a former soda plant, in proximity to a salt water spa resort that is currently under construction.
CBRE consultants advise part of the land up for sale would be a good opportunity for retail operators, as modern retail in Ocna Mures is underdeveloped.
“The lack of modern retail stock forces locals to shop in Cluj, Turda and even Alba Iulia. Ocna Mures has specialized workforce and attracting a complementary retail investment would keep locals from shopping in other cities,” said Ion Dinu, senior consultant in the land development department of CBRE Romania.
In the first half of 2019, land transactions in Romania totaled around 1 million square meters, of which 33% in Bucharest, according to the latest CBRE Research report. Investors were particularly interested in land for industrial developments (49% of the total) and retail developments (45% of the total).
Countrywide, retail developers invested approximately EUR45 million in acquiring 460,000 sqm of land in the first half. The biggest transaction was Auchan’s acquisition of a 220,000 sqm land in Resita.
In the industrial development sector, the biggest land transactions were Element Industrial’s acquisition of 12 ha in Craiova and VGP’s acquisition of 20 ha located at the junction of Bucharest’s ring road with A3 highway.
CBRE expects further land transactions by the end of the year, targeting lands of more than 10 ha for large industrial developments.