Real estate group VGP, with its central headquarters in Belgium, specializes in the acquisition, construction, leasing and management of industrial and logistical spaces.
In Romania, the group owns logistical park VGP Park Timisoara, with 270,000 square meters of land and over 120,000 sqm of leasable area, and logistical park VGP Park Sibiu, with 97,000 sqm of land and over 45,000 sqm of leasable area, respectively.
In 2018, real estate developer VGP bought six plots of land in Brasov and the related infrastructure. In 2018, the industrial segment had the most spectacular evolution in recent times, with over 900,000 sqm of new spaces completed countrywide, 63% higher than a year before.
The most intense activity was reported in capital Bucharest, with 360,000 sqm delivered, being followed by Timisoara (103,000 sqm), Pitesti (68,000 sqm) and Cluj-Napoca (61,400 sqm), according to data cen¬tralized by real estate consulting firm Activ Property Services.
The local logistical and in¬dustrial space market is dominated by CTP, WDP, P3 and Logicor. In Romania, CTP holds a significant portfolio of Class A industrial parks, including in Bucharest, Arad, Cluj, Timisoara, as well as in other key locations across the country, totalling a built-up area of over 1 million sqm.