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December 4, 2020
BUSINESS BUSINESS COMPANIES ECONOMY Real Estate

Demand in the industrial and logistics market continues to grow

JLL represented Arcese in renting 6,500 sq m of storage space in the WDP project in Dragomirești

 

 JLL represented Arcese Transport, a transport and logistics company, in the lease of 6,500 square meters of warehouse space in the WDP park in Dragomirești, reaching at 11,000 square meters spaces occupied in the project.

The transaction comes on a logistics and industrial market which, despite the health crisis, continues to perform better than last year, in terms of demand.

Through this transaction, Arcese, one of the largest transport companies in Europe, reaches 16,000 square meters of logistics space in Romania (Dragomirești and Cluj).

“The very good relationship with WDP was the basis of Arcese’s decision to expand its operations in the Dragomirești logistic park. Also, given the vulnerability of the economy during this period, flexibility is very important in a business contract and in this case also played an important role. The expansion comes at a difficult time from an economic point of view and shows once again that the industrial and logistics market continues to grow in order to meet the need for consumption “, said Mihai Escu, senior consultant Industrial Department JLL Romania, who represented Arcese in transaction.

Arcese has been present in Romania since 2011, when it initially started its activity on the transport market and later expanded its business in the logistics segment.

“The clients in our portfolio are growing, they are developing their operations, so we need additional space to offer the flexibility characteristic of our company. Despite the unstable period, Arcese is constantly developing and open to new partnerships,” said Marius Buturoaga , CEO Arcese Transport.

WDP Park Dragomirești is located in the western part of Bucharest, with direct access to the ring road. The park belongs to the Belgian developer and operator of industrial spaces WDP.

“WDP permanently supports the activity of the clients in the portfolio by accommodating their expansion needs both in the already occupied locations and through the acquisition and opening of new logistics hubs throughout Romania”, said Dana Bordei, WDP Commercial Director.

 

Demand on the industrial market continues to grow compared to 2019

 

The total demand for industrial and logistics spaces in Romania in the first nine months of 2020 reached 355,000 square meters and continued to be above the level recorded in the same period last year (337,000 square meters). It should be noted that over 85% of the traded area represented net demand, ie new contracts.

Almost 48% of the rented area this year was in the projects in Bucharest, the rest being divided in the rest of the country, with Timisoara (76,000 sqm), Craiova (57,400 sqm) and Arad (19,100 sqm) in the foreground.

In terms of the most active areas on the logistics space rental market, on the first place are those in FMCG, with 48% of the traded area, followed by production (16.8%) and logistics (15.2%).

JLL had a 48% market share in the first 9 months of the year, being involved in the largest industrial and logistics space rental transactions.

 

 

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