GARBE plans to enter Romania

GARBE Group, one of the largest investors in logistics and industrial spaces in Germany and Europe, is preparing to enter the Romanian real estate market and is already recruiting, according to local sources. GARBE manages real estate assets worth more than €15 billion across 11 countries.

GARBE has reportedly begun recruiting employees in Romania with plans to expand into the local market by developing new industrial logistics projects.

“We are currently analyzing the entire region, and Romania is an attractive market we are considering due to its potential. If GARBE’s strategy crystallizes, there will certainly be further communications to the market,” said Martin Polak, Managing Director for Central & Eastern Europe at GARBE Industrial Real Estate Slovakia.

This year, GARBE entered into partnerships with two of the largest alternative investment funds in the world: BlackRock and Brookfield.