DTZ expects land demand for industrial projects will increase, considering the country improved infrastructure and prices have decreased considerably, to EUR18-50 per square meter.
Investors that contributed to the development of the local industrial and logistics market include German company Bosch, which developed a factory on the Tetarom industrial platform in Jucu, Cluj county, for EUR60 million, and Voestalpine, which opened a new plant in Giurgiu at the end of 2012 in a EUR20 million investment, DTZ said.
U.S. company Emerson has also announced plans to increase the production capacity in Oradea by creating a production and support facility in an investment worth EUR50 million.
Turkish company Sutas acquired the former Tnuva diary product plant located in Popesti – Leordeni, near Bucharest. According to estimates, the transaction was worth EUR10 million, reads the press release.
Michelin Group, one of the leading tire manufacturers worldwide, bought a 20-hectare plot of land in Zalau in January 2013 for EUR1.6 million aiming at extending its production capacity.
The total stock of modern industrial spaces in Romania reached some 1.4 million square meters, of which about 890,000 sqm (or 63.5 % of the total national sock) are located around Bucharest.
“For 2013 we do not foresee any significant increase of the total stock of modern logistics and industrial spaces in the capital city,” DTZ said.
In 2012, industrial and logistics space rentals in Bucharest reached about 50,000 sqm. Outside the capital city, annual rentals stood at about 50,000 sqm, with Ploiesti as the most active city (25,000 sqm), followed by Cluj (12,000 sqm) and Timisoara (10,000 sqm).
In the first quarter of 2013, industrial space rentals reached 10,000 sqm in Bucharest.
Rents for industrial and logistic spaces exceeding 5,000 sqm remained stable, ranging between EUR3.2 and EUR3.8/sqm/month.
DTZ Echinox estimates rents will remain stable this year, at EUR3.2-EUR3.7/sqm/month.