The deal was assisted by the Land & Industrial department of real estate consulting firm Cushman & Wakefield Echinox, which announced it has recruited Stefan Surcel as consultant.
Surcel joined the Cushman & Wakefield Echinox team as a consultant for the industrial and land department, offering leasing consultancy for industrial and logistics properties, facilitating the sale or purchase of land, market analysis and due diligence.
“The real estate consulting market still offers many development opportunities. Together with Stefan we searched for a location adapted to Sameday’s requirements regarding a relatively small warehouse area, with a very large number of parking spaces and we identified an optimal space solution, in a very advantageous location, opposite their central warehouse, with a configuration that meets exactly their requirements,” said Andrei Brinzea, Partner Land & Industrial, Cushman & Wakefield Echinox.
Sameday also recently leased a warehouse space with an area of 1,300 sqm located in Tunari, north of Bucharest, in a transaction intermediated by Cushman & Wakefield Echinox.
The industrial and logistics market was the most resilient in the first half of the year, when companies rented space with an area of almost 300,000 sqm on growing demand from online and traditional retailers to establish distribution centers in locations that allow faster deliveries to clients and stores.
The logistics market in Bucharest consists of projects with an area of over 2 million sqm and 70% of the existing stock is concentrated in the western part of the city, at the entrance on the Bucharest – Pitesti A1 highway.
As the infrastructure improved on the northern half of the ring road, both developers and tenants started to migrate to the North-West and North areas, which benefit of less difficult access roads towards the inner city.
In the first half of the year, the volume of property transactions reached approximately 127,000 sqm in Bucharest, up 32% on the year. About 90% of demand came from the retail (traditional and online), distribution, logistics and FMCG sectors, which had to optimize their distribution and supply chains.