Maracana, with activities in the field of transport, rented 4,100 square meters of logistics space in Ploiești and Constanța. The real estate services company JLL acted for Maracana in both transactions. The deal in Constanța comes after a long period in which it was ignored by institutional logistics and industrial developers and by tenants.
In Ploiești, the company rented 1,800 square meters in the project developed by Alinso, while in Constanța, the contracted area is 2,300 square meters, in the mixt-use project Constanta Business Park developed by Global Vision and Globalworth, in the immediate proximity of the port of Constanta.
The two new projects will increase the logistics capacity of the company, which owns in Timișoara a project of 5,000 sqm, its own property, and another in Cluj, of 7,500 sqm rented in April of this year.
The two transactions reflect the evolution of the market in the last period, the logistics companies, together with the retail and FMCG being the most active tenants.
“The logistics market has continued to be attractive this year and we are glad that we have also contributed through these transactions to maintaining the sustained pace of development of the sector. The successful conclusion of these two contracts was due on the one hand to the very good collaboration with Maracana, which resulted in finding the best solutions to expand their business, and on the other hand to the owners of the two projects, who provided the right spaces to our client”, said Ionuț Grigoraș (photo), consultant Industrial Department JLL Romania.
In the first half of the year, the demand for industrial and logistics spaces reached almost 270,000 square meters, slightly increasing compared to the similar period in 2019 (260,000 square meters).
“In Constanța we have passed the occupancy rate of 50% and by the end of the year we will have the first phase of the project fully leased. We are glad that we manage, with this logistics and industrial pioneering project in the Constanța area – a pioneer for modern, class A warehouses, in this area not used so far – to attract long-term partnerships with traditional brands. We are preparing, together with our partner Globalworth, the launch of the works of the second phase, for the beginning of the year ”, says Șerban Juverdeanu, Head of Global Vision Development.
Bucharest attracted most of the demand for industrial and logistics spaces in the country, respectively 32%, followed by Timisoara, Craiova and Arad.
“Constanța, an extremely important point for the national economy, but not exploited so far, finally manages to be put on the map of logistics developments, through the project developed by Global Vision and Globalworth. Interest in this part of the country was not long in coming and we are convinced that the area will continue to attract new investments of this type and, implicitly, new names of tenants. JLL managed once again, through the trust given by its clients, to identify for them expansion solutions in areas that were not previously in the sights of investors, as it did in Bacau or Craiova. We will see in the next period other areas in the country that will start slowly to benefit from logistical and industrial investments “, said Mihai Escu, senior consultant Industrial Department JLL Romania.
At the end of June, the stock of logistics and industrial spaces reached 4.76 million square meters nationwide, given that since the beginning of the year the developers have delivered projects of about 300,000 square meters. By the end of the year, the completion of another 300,000 square meters of logistics and industrial spaces at the national level is scheduled.
Out of a total of 4.76 million square meters, the fewest projects are developed in the South-East area, with 38,300 square meters (ie less than 1% of the total stock).