Jerca will coordinate industrial real estate services for tenants, developers and investors together with the CBRE industrial team in Bucharest and Timisoara.
Jerca has over ten years of experience in industrial real estate. He joined CBRE Romania in early 2017 and has been involved in advising major rental and sale & lease back transactions for top companies in the industrial sector.
Prior to joining CBRE, Jerca handled asset management for industrial developer P3 and investment fund Europolis, later acquired by CA Immo.
“The industrial property market in Romania is currently undergoing transformation and consolidation. Following increased appetite in 2019 from several players interested in tapping the local market, we expect competition to intensify in 2020 with the entry of new developers and major investments. Bucharest and the western part of the country remain the most dynamic markets in terms of projects currently under development,” said Jerca.
According to CBRE Research data, around 1 million square meters of industrial stock is expected to be developed in Romania in the next 18-24 months.
“There is high interest for secondary and even tertiary cities with high potential for development: Craiova, Constanta, Targu Mureș, Iasi, Bacau and Bistrita. We expect these cities will attract investments of at least EUR150 million in the industrial sector in the next two years,” Jerca added.
Of the 4 million sqm of modern industrial stock in Romania, 55% is located in regional cities and Bucharest accounts for the remaining 45%. The capital city remains the country’s most wanted area for industrial developers.