ROMANIA INDUSTRIAL & LOGISTICS MARKET 2023
Bucharest, March 2021: The German group REHAU has appointed the real estate consulting company Cushman & Wakefield Echinox to manage the sale process of two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of REHAU Romania offices in central locations and the construction of the new hub in Sibiu by the end of 2022.
The property in Cluj county is located near Apahida train station and in the immediate vicinity of Avram Iancu International Airport. The property has immediate access to DN1C national road, which connects Cluj-Napoca, Târgu Mureș and Reghin, as well as access to the Ring Road. The land area has 16,900 square meters, the production and storage space has 2,000 square meters, and the office space 1,000 square meters.
The property near Bucharest is located in Tunari, in a developing industrial area, located between two emerging logistics poles: North-West (Chitila-Mogoșoaia-Dragomirești) and North (Ștefănești). The property has immediate access to the Ring Road, having a strategic location for fast deliveries to Bucharest and the surrounding cities. The land area has 25,500 square meters, the production and storage space has 1,900 square meters and the office space 1,650 square meters.
Andrei Brînzea, Partner, Land & Industrial Agency, Cushman & Wakefield Echinox: “Romania is a country with a strong potential for development of the industrial production and storage sector, especially in the Bucharest-Ilfov area and in large regional cities, such as Cluj-Napoca. Both REHAU properties are part of the main development poles of the country, where there is a high interest of investors to expand the industrial-logistics portfolio.”
Alexandru Oprea, Country Manager REHAU Romania: „The planned investments in Romania support the values, mission and vision of REHAU and will bring our products and services closer to our customers. At the same time, we focus on the well-being of our employees and we are committed to relocating offices to central locations to ensure easy access to REHAU headquarters. We are confident that our partner Cushman & Wakefield Echinox will find the best solutions for the current facilities of REHAU Romania in Apahida and Tunari.”
The Romanian logistics market witnessed a record demand in 2020, the transactional volume exceeding the 900,000 square meters threshold, amid the accelerated development of ecommerce and the positioning of regional cities as logistics hubs for a number of international retailers. The stock of logistics and industrial spaces in Romania amounts to about 5 million square meters and the reference rents remained stable, ranging from 3.75 to 4 euros / sqm / month.
The REHAU Group is a polymer specialist with annual sales of around EUR 3.5 billion. The independent, privately held company has approximately 20,000 employees at more than 170 locations worldwide. The company employs 12,000 throughout Europe and 8,000 in Germany. For more than 70 years, REHAU has been working on making polymer products lighter, more comfortable, safer and more efficient. The company manufactures solutions for construction, automotive and industry and supplies its innovative products throughout the world. REHAU has a history of 25 years in Romania and currently has 86 employees nationwide. The company’s turnover was 44 million EURO in 2019.
Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 60 professionals and collaborators offering a full range of services to investors, developers, owners and tenants. The Industrial Department, created more than 15 years ago, has been involved in numerous transactions over time and has transacted in the last three years lease contracts for an area of around 100,000 square meters. For more information, visit www.cwechinox.com
Cushman & Wakefield, one of the global leaders in commercial real estate services, with 53,000 employees in over 60 countries and € 8.8 billion in revenue, provides asset and investment management consulting services, capital markets, leasing, properties administration, tenant representation, design and evaluation services. For more information, visit www.cwechinox.com