Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects.
Across Europe, the group has €10.6 billion under management and projects with a leasable area of 6.4 million sqm.
“We are currently analyzing the entire region, and Romania is an attractive market that we are considering due to its potential,” said Martin Polak, Managing Director for Central & Eastern Europe at Garbe Industrial Real Estate, according to profit.ro.
Romania is the third largest industrial market in CEE, behind Poland and the Czech Republic, with a stock of around 7 million sqm.
Recently, Garbe signed a joint venture with a fund managed by BlackRock for a new logistics portfolio that targets primarily Germany and France.
