Investors originating from Belgium had the biggest share in Romania’s commercial property sector in the first eight months, according to a Fortim Trusted Advisors study.
Romania’s commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox.
Industrial developer WDP has secured a €250 million loan from the European Investment Bank (EIB) for investments in photovoltaic systems and electric vehicle charging stations across its portfolio.
Gijs Klomp, Business Development Manager at WDP Romania, talked to Property Forum about the company’s more than €90 million development pipeline on the local market and the outlook of the industrial sector on rents and new demand.
The estimated volume of new industrial deliveries in Romania is set to exceed 500,000 sqm in H2 2024, which would add to the existing stock of 7.1 million sqm.
Industrial developer WDP has purchased wholesale retail park Expo Market Doraly from ARA Europe and Romanian investor Gheorghe Iaciu for an undisclosed sum.
Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.
Industrial developer WDP saw a 15.2% growth of its rental income to €80.9 million in the first quarter of 2023 compared to the same period of last year, while its EPRA earnings rose 18% to €62.7 million in the same period, according to a company report.
The British brand Mountain Warehouse has joined the tenants of BIG Ostróda - the largest retail park in the Warmia-Masuria region in Poland. The store will have a space of 1,000 sqm.
The Rossmann chain has joined the group of tenants at Galeria Łomianki near Warsaw. The drugstore will occupy a 640 sqm unit in the facility.
HB Reavis has signed seven-year lease agreements with companies from the Transition Technologies group, which will occupy a total of almost 1,000 sqm of office space at the Forest campus in Warsaw. The tenants will also include car dealerships Omoda and Jaecco and restaurant Salad Story.
New appointments
Marvipol Development S.A. has announced the appointment of Andrzej Nizio to the company's Management Board. He will serve as vice-president of the board for another two-year term.
Michal Lagunionek, CEO of Kaufland Poland, is leaving the company for personal reasons. He had served as CEO since April 2024.
Michał Cwalina has become the new director of operations at the Nosalowy Park Hotel & SPA complex in Zakopane resort (southern Poland), taking over the position from Tomasz Bursztynowicz.
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