The spaces will be developed and rented out by the Belgian logistics real estate expert WDP and the lease transaction was advised by real estate company JLL.
Rosti announced at the end of 2019 it planned to expand manufacturing activities in Romania by building a new facility besides the one it owns in Ploiesti West Park.
“We are very glad to announce a new production project in Romania in these difficult times. The transaction proves once again the sustainability and the good economic fundamentals of the Romanian industrial market. We saw in the last months new companies interested to establish production projects in Romania, and I think that is a good moment to take advantage of this interest and to put on the table all the competitive assets that we are offering to convince the investors that this is the place to be,” said Viorel Opait, business developer director at JLL Romania, which advised Rosti.
Production companies were the most active tenants on the Romanian industrial market in the first quarter of 2020.
At the end of the first quarter, modern industrial stock in Romania reached 4.66 million sqm. After approximately. 650,000 sqm of modern industrial and logistics warehouses were delivered nationwide in 2019, 2020 looks very promising. So far, the COVID-19 pandemic has not considerably changed developers’ plans. At least 600,000 sqm of new industrial warehouses are expected to be added to the market by the end of the year.
The industrial department of JLL Romania has advised transactions of almost 150,000 sqm in logistic and industrial spaces this year all over Romania.