Crane ChemPharma secures 3,000 sqm in Industra Park Arad

Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 sqm of production space within Industra Park Arad in Romania, developed by Oresa Industra. This initiative, facilitated by the real estate consultancy firm Cushman & Wakefield Echinox, strengthens Crane ChemPharma & Energy’s manufacturing footprint in the region.

Stefan Surcel, Head of Industrial Agency Cushman & Wakefield Echinox, said: “Over the past three years, production companies have been highly active in the industrial and logistics rental market. Developers are keen to construct new, modern parks to meet the demand from both international and local players. Industra Park Arad, the latest industrial park in Arad, fulfils all the requirements of Crane ChemPharma & Energy, a company focused on manufacturing products with a high level of innovation and technology.”

Industra Park Arad, a premium location in Arad, has an area of 33,000 sqm and is to be delivered this year and is in the portfolio of Oresa Industra, the real-estate division of Oresa family office.

Loredana Brehuescu, Investment & Leasing Manager Oresa Industra, said: “The Arad project is the largest industrial park developed in the city in the past 16 years. It is the successful conversion of a former shopping gallery into a modern space that meets all the standards and requirements of the industrial and logistics market. Currently, the park has an occupancy rate of 40 percent and accommodates tenants from both the industrial, logistics and commercial sectors. Arad is the second largest logistics hub in the Western region in terms of such spaces, a stock that is rented almost entirely, which shows the significant interest of companies in this city.”

Oresa Industra is the main player in the industrial and logistics market in Iasi, after delivering last year 10,000 sqm of such spaces within Industra Park Iasi, thus reaching a total leasable area of 35,000 sqm. The spaces within the park in Iasi are 100 percent rented, among the tenants being companies such as LEAR Corporation, Ropharma, Antalis or Side Grup.