JLL has advised Rosti Romania, owned by the Swedish company Rosti Group AB, in the lease of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by WDP. The construction of the new production facility, announced by Rosti at the end of last year, has already started and the delivery date is set for 2021.
“We are very glad to announce a new production project in Romania in these difficult times. The transaction proves once again the sustainability and the good economic fundamentals of the Romanian industrial market. In the last few months, we saw new companies interested to establish production projects in Romania and I think that is a good moment to take advantages of this interest and to put on the table all the competitive assets that we are offering in order to convince the investors that this is the place they must be”, comments Viorel Opait, Business Developer Director at JLL Romania.
Production companies were the most active tenants on the Romanian industrial market in Q1 2020. At the end of Q1, the modern industrial stock in Romania reached 4.66 million sqm. After approx. 650,000 sqm of modern industrial and logistics warehouses were delivered nationwide in 2019, 2020 looks very promising. So far, the COVID-19 pandemic has not changed developers’ plans significantly. At least 600,000 sqm of new industrial warehouses are expected to be added to the market by the end of the year.