SLOW PACE IN LOGISTIC SPACES DEVELOPMENT

A total of 112 million Euros was invested in Romanian industrial and logistics real-estate market in 2008, resulting in the delivery of approximately 280.000 sqm of modern facilities.

According to a study released by CB Richard Ellis Eurisko, in spite of the result of decreasing rents and yield in some parts of CEE, the investment activity will remain at a high level after the increase in 2008 and because of the large-scale infrastructure improvement, which will be also concluded in a high demand. Approximately 250.000 sqm of industrial and logistics spaces are announced to be completed in 2009, a part being confirmed by the pre-leased contracts concluded in 2008, as guardedness for the current economic situation. While the West of Bucharest part remains the main area of interest, there are developers that have already acquired lands for future developments throughout the country. As large developers have acquired big plots of land, new modern industrial facilities and logistics schemes are expected to be completed in the north-eastern and eastern parts of Bucharest. Also, a new concept of small units will be a trend in 2009, for small distribution or production businesses, with all the utilities needed.