Industrial developer VGP has started the construction on VGP Park Bucharest 2, a new industrial and logistics project with a leasable area of around 114,000 sqm.
The EBRD has invested €76 million in VGP's green bond program, supporting the company’s development and fund acquisitions of sustainable parks across Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic.
VGP has achieved full occupancy in VGP Park Ústí nad Labem City by leasing the remaining 18,800 sqm of warehouse and operational space in halls B and C.
Romania's industrial and logistics sector saw a 27% rise in new supply in 2024, with 572,000 sqm of new spaces completed. The total stock now stands at almost 7.6 million sqm, and over 200,000 sqm are currently under development. according to research by Cushman & Wakefield Exhinox.
VGP has completed the final phase of VGP Park Olomouc by handing over Hall E to Mapei. VGP Park Olomouc with a connection to the D46 highway has been offering offers spaces for production, logistics and business activities.
VGP has reached another milestone in VGP Park Ústí nad Labem City. It has completed and handed over building B, where RTR-TRANSPORT A LOGISTIKA has leased warehouse and office premises.
VGP NV has announced results for the first half of 2024. Compared to the first half of 2023, profit before tax has increased by 218%. The company has also concluded a record volume of new rental contracts.
Expur has leased 940 sqm for its new offices in Business Garden Bucharest, owned by Vastint Romania. The deal was brokered by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
GTX Romania has leased 2,700 sqm in VLParks Bucharest West, in a deal brokered by iO Partners.
Vitalaire Romania, a subsidiary of the Air Liquide Group, has relocated its offices to Bucharest-based One Cotroceni Park, in a deal brokered by iO Partners.
New appointments
Artur Apostoł joins Griffin Capital Partners as Co-Managing Partner to lead the company’s real estate activities together with Marek Obuchowicz, who has been promoted to Co-Managing Partner. Artur and Marek are taking over responsibilities from Piotr Fijołek, who transitions from an active role and will continue supporting the firm as Senior Advisor. These appointments mark the completion of a leadership transformation aligned with the company’s dynamic growth and long-term strategy.
CBRE Hungary has named Anna Zhang as Business Development Manager, while Antoine Fromental takes on the role of Hotel Investment Analyst. Zhang is tasked with developing partnerships with Far Eastern clients and strengthening business relations in CEE markets. She previously served on the PwC Hungary China Desk team. Fromental joins the firm after roles at B&B Hotels and Cushman & Wakefield, where he contributed to various European hotel development, valuation, and market research projects.
Garbe has named Zuzana Štěpánková as Business Development Manager in the Czech Republic. She has previously worked at iO Partners as Senior Consultant.
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