Industrial developer CTP will expand its project in Craiova with a new warehouse of 13,500 sqm that has been fully leased. Following the new investment slated for completion by the end of 2022, the total leasable surface will climb to 53,500 sqm.
French real estate group Catinvest will add 5,500 sqm retail space, 1,200 sqm for a shared open-air terrace for the food court and a new playground of 500 sqm in Electroputere Mall, located in Craiova.
Masterbuild, the Romanian developer and construction firm, says it has started works for the research centre TGA Technologies for Green Aviation in Craiova with a total investment of more than €17 million.
French real estate group Catinvest says it obtained the building permits to start the expansion of Craiova-based Electroputere Mall. The company will extent the food court with five new restaurants and add 5,500 sqm of retail spaces.
French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.
NEPI Rockcastle has announced the acquisition of a 200,000 sqm land in Craiova and plans to construct one of the biggest retail projects in the region of Oltenia. The value of the investment is estimated at approximately €110 million and the construction will start after obtaining all the necessary approvals.
Element Industrial announced the development of a 60,000 sqm logistics park in the Romanian city of Craiova. The company will build the €35 million industrial project on an 11-hectare plot of land, near the south ring road of the city, with direct access to the E70 road. The developer plans to deliver ELI PARK Craiova in three phases.
Romanian developer Zacaria Group will invest €28 million in a business park in the city of Craiova. OTP Bank Romania will provide financing for the 53,000 sqm project.
French real estate group Catinvest plans to expand Electroputere Parc, the company’s shopping mall in Craiova, by 9,200 sqm. The group has also started the construction of an additional mixed-use building which will comprise 12,000 sqm of retail space, 15,000 sqm of Class A office space and over 700 underground parking spaces. Total investment in will exceed €70 million by the end of 2018.
Schreder Polska and Urgo Polfa Łódź have extended their lease agreements for office space in the West Station buildings in Warsaw. The companies are using a total of more than 1,000 sqm of space.
Workspace Studio, a company specialized in office design solutions, has signed a 5-year lease extension for its office in Bucharest-based Sky Tower. The contract also includes a space expansion up to 810 sqm in the project owned by RPHI.
Depanero, the largest electro-IT service company in Romania and part of the eMAG group, has leased over 4,000 sqm in two of its buildings in Sema Parc based in Bucharest. The transaction was intermediated by real estate consultancy Griffes Romania.
New appointments
Agnieszka Baczyńska took up the position of Head of Leasing - Retail in CPIPG. She is responsible for the commercialization of retail facilities from the CPIPG portfolio. Baczyńska also manages the leasing of office space on the buildings owned by CPIPG.
Ferenc Gondi has been appointed to a new post as Country Head for CTP Hungary. He's been part of CTP's activity for over 5 years.
Barbora Jansová joined Building & Project Consultancy team at Savills Prague Office as the new ESG Consultant & Project Manager in September 2022. She will be working alongside the Head of BPC, Jan Jurčíček.
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