Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and develop its own industrial and logistics projects.
“Eastern Europe in general and Romania in particular offer serious potential as manufacturing and logistics locations. Romania boasts excellent infrastructure access, stable economic conditions, and low energy prices. Many companies need new and, above all, sustainable logistics assets. The fact that the country is being integrated into the Schengen area makes this an even more exciting time,” said Andrei Jerca.
Jerca boasts more than 17 years of experience in the industrial and logistics sectors and has a strong track record as a real estate professional. In his most recent position, he headed one of the most active Romanian property developers in the industrial sector. During his time there, Jerca carried out over ten large-scale projects in four major cities in Romania that add up to a total of 200,000 square meters of floor space. Before that, Jerca had worked for CBRE as Head of Industrial Services, where he was instrumental in boosting the market share of CBRE. Moreover, he managed one of the country’s largest industrial and logistics parks as asset manager.
The expansion in Romania is part of the solid growth strategy of GARBE Industrial Real Estate on the CEE markets. With a stock of industrial and logistics space of 7.5 million sqm, estimated to reach 8 million sqm at the end of 2025, Romania is the third largest market in the CEE region, after Poland (30 million sqm) and the Czech Republic (11 million sqm).
Based in Hamburg, GARBE Industrial Real Estate is one of the leading companies selling and managing logistics, light industrial and technology real estate in Germany and Europe. GARBE develops, buys or sells, lets, manages and finances high-end commercial properties in attractive transport nodes and industrial locations inside and outside Germany. At present, GARBE has around 6.5 million sqm of lettable area and a property development pipeline of around 1.9 million sqm in Germany and elsewhere in Europe under management that represent property and fund assets in a combined value of EUR10 billion (as of December 31, 2023).