News Article Globalworth industrial IPW Arad IPW Oradea Mihai Zaharia Romania
by Property Forum | Investment

Globalworth has announced the acquisition of two industrial projects in western Romania for almost €18 million. The company took over Industrial Park West Arad and Industrial Park West Oradea, with a total area of 27,000 sqm that is fully leased. 

“Being already present in the western part of the country with Timișoara Industrial Park, we became aware of the strategic potential offered by that area. Combining all these factors, we decided to acquire the two industrial projects from our partner, Global Vision, with whom we have been working closely for the industrial field. The 100% occupancy rate of our new assets confirms the investment’s high commercial potential,” says Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth. 

Following the latest transaction, the portfolio of Globalworth Industrial climbed to 260,400 sqm. IPW Arad and IPW Oradea consolidate the company's logistics and industrial activities, expanding the areas where it already operates with last-mile projects such as Pitești Industrial Park, Chitila Logistics Hub, Constanța Business Park and Timișoara Industrial Park. 

Globalworth has a combined portfolio value of €3.0 billion at the end of 2020.