In the first quarter of 2021, a total 264,000 square meters of industrial space was leased in Romania, per data from CBRE Research. The transacted volume marks an increase of 43% against the same period in 2020, with companies in the car and retail industries generating the bulk of demand, respectively over 50% of the transacted volume.
CBRE consultants on the local market said there is room for a new large player, apart from the three players which consolidated the position of leaders – CTP, WDP, both with over one million square meters of warehouses, being followed by P3.
CTP announced investments of EUR200 million until the end of 2021 for the construction of 300,000 sqm of warehouses in logistics parks in the cities and towns of Bucharest, Timisoara, Turda, Sibiu and Pitesti.
Early 2021, CTP set off the construction of a new building within CTPark Bucharest West, and the new space will be rented out by Quehenberger Logistics, a firm that operates the logistics activity of Brico Depot Romania, a retailer held by Kingfisher Group. The new building will cover 102,000 square meters and will have 12 drive-ins and 105 docks. Also, the building will be BREEAM certified and will have over 55,000 sqm of green space.