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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Delivery of new industrial & logistics spaces to hit 20-year record in RO this year

The deliveries of new industrial and logistics spaces in Romania could reach a 20-year high this year, despite slower activity in the first half.

After 312,000 sqm of industrial and logistics spaces were completed in the first half of the year, another 350,000 sqm will be delivered by the end of the year, real estate consultancy firm CBRE estimates.

___STEADY_PAYWALL___

The expansion of the online retail during the pandemic prompted increased demand for logistics spaces.

According to CBRE data, by the end of 2020, the logistics space market will exceed five million sqm. Over 1.5 mln sqm could be added in 2021 - 2022.

"Reaching a stock of 5 mln sqm means that we will have an industrial stock per thousand inhabitants of approximately 260 sqm. For comparison, in the region, we have a minimum of 347 sqm in Hungary, and a maximum of 824 sqm in the Czech Republic, while Poland has 510 sqm. Therefore, there is still room for growth," said Daniela Boca Gavril, head of research at CBRE.

(Photo: Pixabay)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Delivery of new industrial & logistics spaces to hit 20-year record in RO this year

The deliveries of new industrial and logistics spaces in Romania could reach a 20-year high this year, despite slower activity in the first half.

After 312,000 sqm of industrial and logistics spaces were completed in the first half of the year, another 350,000 sqm will be delivered by the end of the year, real estate consultancy firm CBRE estimates.

___STEADY_PAYWALL___

The expansion of the online retail during the pandemic prompted increased demand for logistics spaces.

According to CBRE data, by the end of 2020, the logistics space market will exceed five million sqm. Over 1.5 mln sqm could be added in 2021 - 2022.

"Reaching a stock of 5 mln sqm means that we will have an industrial stock per thousand inhabitants of approximately 260 sqm. For comparison, in the region, we have a minimum of 347 sqm in Hungary, and a maximum of 824 sqm in the Czech Republic, while Poland has 510 sqm. Therefore, there is still room for growth," said Daniela Boca Gavril, head of research at CBRE.

(Photo: Pixabay)

[email protected]

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