GARBE Industrial, a specialist in logistics and industrial real estate, has partnered with Fortress Real Estate Investments, one of the largest real estate companies in South Africa, with operations in Central and Eastern Europe and signed their first joint venture for the development of a 61,000 sqm GLA logistics centre in Bucharest, Romania.
Under this joint venture, the first land acquisition of 11ha was signed in December 2025 for a plot in the northwest part of Bucharest, adjacent to the new A0 ring road (Buftea / DN7 exit), enabling fast connections to all areas of Bucharest and key transport corridors.
The construction works are scheduled to start by the end of this summer, and the first tenant should occupy the premises at the beginning of 2027.
For GARBE Industrial, the acquisition marks the company’s first development in Romania, aligned with its strategy and philosophy of delivering high-quality assets in core markets with strong connectivity to major infrastructure.
For Fortress, the joint venture represents its second project in Romania, following the 2021 acquisition of Fortress Logistics Park Bucharest I (a 50,000 sqm project in Buftea) and underscores its continued confidence in the country’s industrial and logistics fundamentals.
“Romania stands out as one of the most attractive long-term markets globally for logistics and warehousing investment, underpinned by strong industrial and consumer growth potential and its close links to Central and Western Europe. As the sector continues to mature, there remains significant room for institutional-grade development and investment. We will remain selective, focusing on expanding our high-quality warehouse portfolio according to our strategy across Central and Eastern Europe in the years ahead. We also have a strong understanding of the region, as Fortress is one of the largest shareholders in NEPI Rockcastle Plc, a leading retail real estate platform in CEE,” said Bartosz Klimek, Leasing and Asset Director Europe at Fortress Real Estate Investments.
“We are happy that we will develop the first project in Romania, at the high standards we have implemented in the CEE region, together with South Africa’s largest logistics investor, which values our longstanding track record and development strategy. This partnership reinforces Bucharest’s position as a key logistics hub and underlines Romania’s growing role as a strategic logistics market within the region. Our goal is to build a modern, technologically advanced park that enables tenants to optimise their processes and support their business growth, whether they are logistics providers or manufacturing companies”, said Andrei Jerca, Country Head for GARBE Industrial Real Estate Romania.
