Rehau has appointed real estate consulting company Cushman & Wakefield Echinox to manage the sale process.
“The planned investments in Romania support the values, mission and vision of Rehau and will bring our products and services closer to our customers. At the same time, we focus on the well-being of our employees and we are committed to relocating offices to central locations to ensure easy access to Rehau headquarters. We are confident that our partner Cushman & Wakefield Echinox will find the best solutions for the current facilities of REHAU Romania in Apahida and Tunari,” said Alexandru Oprea, Country Manager Rehau Romania.
The property in Cluj county is located near Apahida train station and in the immediate vicinity of the Avram Iancu International Airport. The property has immediate access to DN1C national road, which connects Cluj-Napoca, Targu Mureș and Reghin, as well as access to the Cluj ring road. The land area amounts to 16,900 square meters, production and storage space totals 2,000 sqm and office space totals 1,000 sqm.
The property near Bucharest is located in Tunari, in a developing industrial area, located between two emerging logistics poles: North-West (Chitila-Mogosoaia-Dragomiresti) and North (Stefanesti). The property has immediate access to the ring road. The land area totals 25,500 sqm, of which production and storage space amounts to 1,900 sqm and office space amounts to 1,650 sqm.
“Romania is a country with a strong potential for development of the industrial production and storage sector, especially in the Bucharest-Ilfov area and in large regional cities, such as Cluj-Napoca. Both Rehau properties are part of the main development poles of the country, where there is a high interest of investors to expand the industrial-logistics portfolio,” said Andrei Brinzea, Partner, Land & Industrial Agency, Cushman & Wakefield Echinox.
The Romanian logistics market witnessed a record demand in 2020, when traded volume exceeded 900,000 sqm, driven by the accelerated development of e-commerce and the positioning of regional cities as logistics hubs for a number of international retailers.
The stock of logistics and industrial spaces in Romania amounts to about 5 million sqm and the reference rents remained stable, ranging from EUR3.75 to EUR4/sqm/month.
The Rehau Group is a polymer specialist with annual sales of around EUR3.5 billion. Rehau has a history of 25 years in Romania and currently has 86 employees nationwide. It had a turnover of EUR44 million locally in 2019.