The value of transactions targeting industrial parks IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea), respectively, amounts to nearly EUR18 million, ensuring the development of the biggest office space investor in Central and Eastern Europe in two new big cities in western Romania.
The two projects transacted, IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea), cover a total area of 27,000 sqm and have an occupancy rate of 100%. They were developed by Global Vision.
Following the new acquisitions, Globalworth operates in six cities in Romania: Arad, Bucharest, Constanta, Oradea, Pitești and Timisoara.
Globalworth Industrial’s portfolio currently includes 260,400 sqm.
With the acquisition of the two projects, Globalworth Industrial reaches a total portfolio of 260,400 sqm. The occupancy rate of the Globalworth Industrial sub-brand currently reaches 95%. IPW Arad and IPW Oradea consolidate the company’s logistics and industrial activities, expanding the areas in which it already operates with last mile projects such as Pitești Industrial Park, Chitila Logistics Hub, Constanța Business Park and Timisoara Industrial Park.