Commercial real estate investments in Romania totalled €916 million in 2021, up only 0.2% compared to the previous year, marked by several transactions valued at more than €50 million in the office, retail and industrial segments, according to real estate consultancy Cushman & Wakefield Echinox. 

WDP, the industrial and logistics projects developer, has appointed Gijs Klomp as the new Business Development Manager in Romania.  

The high demand generated by the retail, transport and logistics sectors saw P3 Logistic Parks lease around 113,500 sqm of logistics and office spaces in Romania during 2021. 

CTP has started the construction of solar power plants across its entire portfolio, with the first phase of 6 buildings to be installed in Biatorbágy and Üllő, both located in the outskirts of Budapest.  The plants, each with a capacity of 500 kW, are scheduled to start operations in the first quarter of 2022, aiming to meet tenants' green energy needs while reducing energy costs. The project will be carried out by local contractors and will be developed by CTP as its own investment, entirely from its own resources.

GLP has closed an acquisition contract for a 22.3-hectare plot in Szigetszentmiklós, next to its existing Sziget Logistics Centre near Budapest, the larger part of which has already been let to Fiege Group. GLP has simultaneously obtained an occupancy permit for the first building, while two further units are under construction. The two phases of the project will comprise more than 150,000 sqm of prime warehouse space.

The Resideo warehouse in Nagykanizsa, Western Hungary has recently changed hands, Cushman & Wakefield announced on LinkedIn.

The volume of real estate investments in Romania gained 4% year-on-year to €919.45 million, driven by office and industrial developments, according to a report by real estate consultancy Fortim T.A., a member of BNP Paribas Real Estate. 

CTP has appointed Harry Bannatyne as Group Head of Client Relations based in the company’s headquarters in Prague. Bannatyne was previously a Partner and Regional Director Industrial at Colliers in the Czech capital. Prior to that he was National Director, Head of Industrial Agency for the Czech Republic and Slovakia at JLL.

Accolade secured the plot to launch its new project. The new industrial park has a planned area of 76,000 sqm and an investment value of over €60 million. It will be located on the Polish western border, along the S3 road and right next to the A2 highway junction.

Griffes ended 2021 with a significant office leasing surge, placing the agency as the second best performing real estate player in the intermediated office leasing segment in Romania. The achievement tops Griffes’ 5 years of activity on the Romanian real estate landscape which the company celebrated at the end of the year. The team extended significantly its activities throughout 2021, growing into land sales and industrial leasing by marketing a large-scale project to be developed next to Budapest Airport in Hungary.