EMEA Office Fit Out Cost Guide 2024
Bucharest, August 2020: The delivery company Sameday continues its expansion in Romania in the context of a continuing growing market, by leasing a space with an area of approximately 1,200 square meters in Tunari, near Bucharest, a transaction intermediated by the industrial department of Cushman & Wakefield Echinox.
The industrial and logistics market was the most resilient in the first half of the year, when companies rented space with an area of almost 300,000 square meters, in the context of a growing demand from online and traditional retailers to establish distribution centers in locations that allow faster deliveries to clients and stores.
Andrei Brînzea, Land & Industrial Partner, Cushman & Wakefield Echinox: “The challenge was to deliver for our client a space with easy access to Bucharest, that would meet the necessary flow requirments of delivery services and a large number of parking lots. We identified a property with unique features, while presenting other options in parallel, and the client chose the Badsi property in Tunari, therfore being the only tenant in a location ideal for his activity.”
The logistics market in Bucharest consists of projects with an area of over 2 million square meters and is largely concentrated in the western part of the city, at the entrance on the Bucharest – Pitesti A1 highway, where there is about 70 % of the existing stock. As the infrastructure improved on the northern half of the ring road, both developers and tenants started to migrate to the North-West and North areas, which benefit of less difficult access roads towards the interior of the city.
In the first half of the year, the transactions volume reached approximately 127,000 square meters in Bucharest, increasing by 32% compared to the same period of 2019. About 90% of this demand came from the Retail (traditional and online), Distribution, Logistics and FMCG sectors, which had to optimize their distribution and supply chains to adapt to a high volatility demand.
Cushman & Wakefield Echinox is a leading real estate consulting company in the local market, operating in all segments of the real estate market. The Industrial team, with more than 15 years of experience on the market, has been involved in numerous transactions over time, with leased contracts for approximately 100,000 square meters in the last three years.
Sameday has entered the Romanian delivery market over 13 years ago and offers standardized and specific services. Its delivery percentage is in the upper market average, while among the services offered there are: Same Day Service, available in Bucharest and the surrounding areas, EasyBOX, self-service care service which reinvents the Last Mile delivery experience and answers any e-commerce problems, the Cash on Delivery service and the “YourWay” services. For more information, visit the company’s website: www.sameday.ro
Cushman & Wakefield Echinox is 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.
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.
