Auchan Romania continues to expand the ATAC Hiper Discount network a format known for its aggressive low-price policy reaching a total of 8 stores under this concept ATAC stores offer low prices across the board along with a cascading discount system for larger quantities made possible by streamlined product ranges and reduced operating costs The new ATAC Hiper Discount hypermarket by Auchan, located at 242A Chitilei Road, offers customers a diversified range of over 10,000 items, including a wide selection of products and useful in-store services. With a surface area of over 6,600 square meters ATAC Hiper Discount Chitila meets the purchasing power of consumers by offering a varied selection of food and non-food products—ranging from fruits and vegetables as well as seasonal and everyday essentials—all at very competitive prices “Opening the first ATAC store in Bucharest is a major step in developing this concept which has been very well received in other cities across the country ATAC Chitila is a hyper discount concept with a regional reach for both Bucharest and Ilfov meaning many customers are willing to travel greater distances just to benefit from better prices—a behavior we’ve observed in other locations as well We will continue to invest in this discount format as part of our commitment to protect the purchasing power of Romanians by offering more affordable prices We’re excited that nearby residents and people across the Bucharest area can now take advantage of this innovative concept and exceptional prices,” said Ioana Toșa ATAC incorporates the Auchan Retail Media component, providing visibility for brands and amplifying their impact through a complete 360-degree data-driven communication ecosystem. This offers highly targeted, measurable, and efficient advertising solutions, delivering benefits for both suppliers and consumers. Auchan Retail Romania was the first retailer in the country to launch coordinated retail media initiatives, beginning in 2017. With the opening of the ATAC Chitila store Auchan now operates 8 discount hypermarkets in Romania where Auchan opened the first two ATAC units in 2024 ATAC has thus become the first retail concept developed from scratch by the Romanian team and successfully expanded internationally How ATAC offers better prices in local retail The hyper discount concept addresses the purchasing power of Romanians with a diverse assortment of products and private label products with excellent value for money Prices are lowered thanks to investments in reducing electricity consumption and cutting transport costs and investments in décor and advertising the retailer handles products by pallet and bulk packs and negotiates large quantity purchases for better pricing customers at ATAC Chitila have the opportunity to actively contribute to environmental protection through several initiatives: used cooking oil collection service offering discounted products nearing their expiration date and Deposit-Return System (SGR) for containers with the “Returnable Packaging” label rewarding customers with RON 0.6 per returned package—an extra RON 0.10 above the standard SGR guarantee—granted as a loyalty voucher via the MyCLUB or MyBusiness CLUB card We use cookies for keeping our website reliable and secure providing social media features and to analyse how our website is used CA Immo exits non-core market Serbia with the sale of the 19,600 sqm office building Sava Business Center in Belgrade Both the sales price and the buyer are subject to confidentiality As the PBSA sector finally takes off in Poland it is now increasingly attracting international operators and investors Eurobuild CEE spoke to Xior's investment manager about why it has such confidence in the Polish market Residential developer Develia has signed a preliminary agreement to acquire all the shares in Bouygues Immobilier Polska the Polish subsidiary of Bouygues Immobilier ESA logistika has leased 15,000 sqm in Prologis Park Piotrków GLP has completed the development of its Wrocław V Logistics Centre and has received a BREEAM rating of Outstanding Panattoni has secured EUR 40 mln in financing from BNP Paribas for the development of Panattoni Park Sosnowiec IV Newgate Investment (NGI) and Redkom Development are developing a large retail park in Bydgoszcz Deutsche Hypo – NORD/LB Real Estate Finance has provided a five-year green loan to Olivia Seven for the refinancing of the Olivia Prime A office building in Gdańsk-Oliwa communications and security company Motorola Solutions has signed a five-year lease renewal 18,000 sqm at the Green Office complex in Kraków’s Podgórze district Falling interest rates and easing monetary policy across the eurozone and CEEi are boosting investor confidence in the region’s commercial real estate market reveals Colliers in its ‘Beyond Real Estate | Economy’ report Panattoni is to build the Panattoni Park Mainz Süd in Erbes-Büdesheim bei Alzey Axi Immo has presented its latest report “Warsaw Office Market – Q1 2025 The market opened in 2025 on a steady footing with a notable increase in leasing activity and a modest decline in vacancy landlords continue to focus on upgrading existing assets and prioritizing quality over quantity Convenience store chain Żabka has officially opened a new logistics centre in Kąty Wrocławskie The first stage of the development will serve 1,500 stores in the Wrocław area Romanian Post has leased over 5,000 sqm of logistics space in CTPark Bucharest to serve as its temporary regional courier and logistics hub for Bucharest JLL has announced the sale and leaseback of two properties by a manufacturing company in a deal worth over PLN 1 bln Warehouse developer CTP is adding 2,000 sqm to its Clubco coworking development in Brno pbb Deutsche Pfandbriefbank has extended an investment facility to PineBridge Benson Elliot for the Diuna Office Park in Warsaw The hotel market in Bucharest continued its recovery in 2024 while the ADR has finally surpassed the milestone of EUR 100 Torus has announced its All.inn students’ residence concept that is soon to appear on ul which specialises in temperature-controlled goods is to enlarge its freezer warehouse in Radomsko by an additional 4,800 sqm it will be the company's largest distribution centre in Poland Footwear retailer Deichmann has prolonged its lease of 21,000 sqm in Prologis Park Wrocław III The company has been in the park since 2011 The grand opening of DPD's 18,000 sqm logistics hub at Segro Logistics Park Stryków took place on 14 April 2025 The courier company currently leases a total of more than 35,000 sqm across Segro's portfolio in Poland The largest Polish ice cube manufacturer has increased the space it leases at the MLP Pruszków II warehouse complex to 7,200 sqm an Oligocene well has been drilled to meet the tenant's needs Peakside Capital Advisors and Partners Group have laid the cornerstone for the City Point Okęcie logistics centre Panattoni has completed the expansion of Panattoni Park Koluszki in Central Poland and obtained an occupancy permit Axi Immo has presented its latest market analysis in the special publication "Central Poland Industrial Snapshot" the region recorded a historic high in industrial and logistics leasing activity A 15,300 sqm hi-tech production hall has opened in Debrecen developed by Panattoni Hungary and the OTP Real Estate Investment Fund a company that specialises in LED light therapy and pharmaceuticals distributor Avenier have both signed leases for space in CTPark Plzeň Kasárny Mito Light is to take up 556 sqm while Avenier has leased 588 sqm with the handover planned for the autumn of 2025 With warehouse and industrial stock of nearly 35 mln sqm Poland’s market has stabilised at a healthy level Logistics operator DB Schenker has leased an additional 9,800 sqm in the Hillwood Rawicz logistics centre The tenant has been operating from the centre since the autumn of last year when it opened a service centre with an area of over 17,000 sqm for a manufacturer of optical products More than 2.6 mln sqm of industrial and logistics space was delivered across Poland in 2024 according to BNP Paribas Real Estate Poland’s latest report "At a Glance While this was below the new supply levels recorded in previous years Spring has very much sprung and everywhere is bathed in the first warm sunshine of the year I have in the back of my mind the terrifying fo .. The Polish warehouse market has finally stabilised after the post-pandemic boom but new challenges and opportunities are on the horizon for the sector UBM Development has been given the go-ahead for the first wooden office building in Poland: Timber Park in Poleczki Business Park in Warsaw The office market in Warsaw is currently experiencing a period of stability in terms of supply and take-up Recent data on overall tenant activity indicates that clients in the cap .. Receive all the latest information from the world of real estate by e-mail the construction of the Aura residential building designed by Robert Konieczny's office KWK Promes According to a report by research company Spectis “Construction companies in Poland 2025-2030” the total revenues of the 300 leading construction gro .. The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals intends to focus on operations in other reg .. Six class A office buildings in the PRO Portfolio which is jointly owned by PineBridge Benson Elliot and Sharow Capital have been granted BREEAM In-U .. Who won this year's 14th edition of the Eurobuild Awards The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's .. Enjoy the last set of recordings with comments straight from this year's MIPIM we asked experts from our home country for their input will take place on 9-10 April 2025 at the Norblin Factory Event Hall in W .. we invite you to hot episode of the "Eye to eye" podcast The UN Nansen Refugee Award award will go to Poland for the first time According to the office of the UNHCR High Commissioner this year's regional wi .. Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation .. while the ADR has finally surpassed the milestone .. Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv .. The Polish and Danish governments have entered preliminary discussions for the construction of a tunnel between Szczecin and Copenhagen underneath the .. Viterra has moved into its ​​new 1,500 sqm offices in Olivia Prime part of the Olivia Centre business complex in Gdańsk Panattoni has acquired two properties near Gothenburg The brownfield sites will be replaced by a modern 43,000 sqm facility Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district The property is owned by Stena Real Estate .. The University of Warsaw has signed a contract with the general contractor for a project at ul The new building will house the faculti .. Velis Real Estate Tech is officially changing its name to Singu adopting the title of its property management product the construction of the Panattoni Park Unterfranken has officially started -- WRPD said they've arrested two men in connection with the shooting of a 24-year-old Warner Robins man on Gawin Dr A release from the department said a 17-year-old male and 22-year-oldIsaiah Mbwate Chitila were taken into custody and charged with aggravated assault -- Warner Robins police are investigating a shooting that left a 24-year-old man with injuries That's according to a release from WRPD which said the shooting happened Wednesday around 2:30 p.m Officers reportedly discovered several shots were fired in the neighborhood and a man had been grazed by a bullet Anyone with information about the shooting can call Detective Dokes at 478-302-5380 or report anonymously through Macon Regional Crimestoppers at 1-877-68CRIME Georgia (41NBC/WMGT) – Warner Robins police make two arrests in connection with Wednesday’s Gawin Drive shooting Warner Robin’s police arrested 17-year-old Jaheim Saquon Morris and 22-year-old Isaiah Mbwate Chitila.  Both were charged with Aggravated Assault Police say additional charges are possible Warner Robins police officers responded to a shots fired call on the 600 block of Gawin Drive. The incident happened around 2:30 PM they found several shots fired in the area Anyone with information should call Detective Dokes at 478-302-5380 or Macon Regional Crimestoppers at 1-877-68CRIME Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" but Romanian witches angry about having to pay up for the first time hurled poisonous mandrake into the Danube River on Thursday to cast spells on the president and government Romania’s newest taxpayers also included fortune tellers – but they probably should have seen it coming Superstitions are no laughing matter in Romania – the land of the medieval ruler who inspired the “Dracula” tale – and have been part of its culture for centuries President Traian Basescu and his aides have been known to wear purple on certain days A witch at the Danube named Alisia called the new tax law “foolish.” identifying herself with only one name as many Romanian witches do Yet on the Chitila River in southern Romania other witches gathered around a fire Thursday and threw corn into an icy river to celebrate Epiphany Witch Melissa Minca told the Associated Press she was “happy that we are legal,” before chanting a spell to call for a good harvest The new tax law is part of the government’s drive to collect more revenue and crack down on tax evasion in a country that is in recession astrologer and fortune teller were not listed in the Romanian labor code People who worked those jobs used their lack of registration to evade paying income tax they will pay 16 percent income tax and make contributions to health and pension programs Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below Gifts processed in this system are tax deductible Get breaking news delivered to your inbox as it happens © Copyright 2025, The Spokesman-Review | Community Guidelines | Terms of Service | Privacy Policy | Copyright Policy The project located in Chitila consists of 76,994 sqm of leasable area and is placed in the proximity of WDP’s industrial park in Dragomiresti The project in Targu Mures has a surface of 18,263 sqm and is expected to be a regional logistics hub due to its connection to Romania’s expanding motorway network The project acquired in Constanta comprises two properties with a total surface of 41,117 sqm located in Constanta Business Park along with a large plot of land envisaged to be used for future development all adjacent to the main port area and featuring potential railway connectivity ”We are very satisfied with our collaboration with Deloitte Romania. Their professionalism and strong expertise greatly contributed to the successful conclusion of this transaction,” said Gijs Klomp, Business Development Manager, WDP Romania. Deloitte Romania provided assistance to WDP with both financial and tax due diligence as well as transaction support services through a multidisciplinary team consisting of Radu Dumitrescu from the Financial Advisory practice and Dan Badin WDP develops and invests in logistics property (warehouses and offices) It owns an international property portfolio of more than 300 sites located in Belgium In Romania, WDP operates logistic parks with a total gross leasable area of around 2 million sqm, the company’s industrial parks are located throughout the country, in all major urban areas. the largest direct marketing company in Romania has leased a 19,000 square meter space that includes storage and office space in the Chitila Logistics Hub industrial park developed by Global Vision and Globalworth In this modern space in the park located next to Bucharest’s ring road the company will operate logistics and e-commerce services for companies in fields such as retail The company chose Chitila Logistics Hub because of its state-of-the-art features and strategic positioning The park has 75,000 square meters of warehouse and production space Mediapost Hit Mail offers its customers complex solutions that include marketing Its product fulfill.ro takes over the entire logistics of an e-commerce store: reception and storage of goods part of the prestigious French group La Poste (French Post) With a significant presence on the market in Romania and Bulgaria the group formed by Mediapost Hit Mail and its subsidiaries has over 500 employees and a turnover of 57.9 million euros in 2022 “The constant development of our logistics business lines and especially of our fulfill.ro product intended for e-commerce stores of all sizes made our warehouses “remain small” every 5 years We’ve grown from 1,500 to 4,500 to 10,000 square feet and now we’re moving into a 19,000 square foot warehouse the main factor that determines the increase in demand for fulfill.ro is not but the increase in the percentage of online stores that decide to outsource their entire logistics to a supplier – specialized partner This supplier-partner takes on the increasingly difficult problems related to the management of human resources of logistics operations but also those related to authorizations and compliance Equally important for the customer is the ability to scale in real time when the e-commerce store’s demand increases and to proportionally reduce the store’s logistics costs when the demand decreases,” said Marian Seitan “We managed to develop in this hub an essential distribution center on the logistics map of the capital and beyond thanks to its varied functions and positioning this business community is growing due to the expansion of online trade and the retail sector on the one hand and on the other hand due to the development of light industry which is gaining a larger scale These two trends also helped to increase the share of office spaces in our hub in Chitila The results generated an occupancy rate of almost 100% also in the case of this project developed by Global Vision Our company plans to develop another last-mile project in the area of the northern belt of the Capital” said Sorin Preda “We welcome the Mediapost Hit Mail team to our community and we are convinced that this collaboration will be a long-lasting one to offer a strategically positioned industrial park with all the necessary facilities for today’s needs The Chitila Logistics Hub project is more than an address; it is a strategic location for companies looking to expand their operations We want to set a new standard in the logistics and industrial sectors through the commitment we assume every day for innovation sustainability and the satisfaction of our customers” Director of Investments Globalworth Romania / Director Markets Capital Globalworth Group The transaction was facilitated by Colliers the agency being a partner in several transactions in industrial parks developed by Global Vision and Globalworth “We are grateful to have had the opportunity to actively contribute to this significant transaction especially in the context of such a competitive and closely interconnected logistics and industrial real estate market The size of this transaction is relevant in terms of the extent of the area involved and serves as an indicator of liquidity in the local real estate sector thus providing a valuable reference for future transactions and strengthening the confidence of potential new investors in the Romanian market with extensive connections and a vast knowledge of the market of land thus further strengthens its position in the industrial and logistics real estate sector through consulting and transaction services,” emphasized Victor Coșconel Head of Leasing | Office & Industrial Agencies at Colliers Chitila Logistics Hub benefits from a strategic location with excellent connectivity in terms of infrastructure The industrial park is located near the capital’s ring road the A1 highway and one of the most important railway junctions in Romania the road that connects to the central area of Bucharest Chitila Logistics Hub is home to a strong business community that benefits from easy access to good road infrastructure connecting the park to the capital and central public transport at the entrance to the park and features that allow optimization of operating expenses The park is home to important companies in both light manufacturing and logistics Due to its proximity to the city’s ring road and access to public transport the park provides the optimal environment for a business ecosystem The integrator of direct marketing services Mediapost Hit Mail SA has been present in the Romanian market for 26 years and in 2022 had a turnover of 57.9 million euros and over 500 employees together with its 6 branches in Romania and 2 in Bulgaria The company offers integrated logistics solutions for consumer promotions and e-commerce as well as multi-channel communication solutions (SMS The company currently operates a warehouse of 12000 m2 in Dragomiresti-Ilfov After taking over the Bulgarian fulfillment company Metrica in 2015 the Mediapost Hit Mail group recently made two acquisitions in Romania: the marketing and communication agency Ideologiq (September 2022) and the email marketing agency White Image (June 2023) project and construction management services administration of real estate projects owned by private and institutional investors from Romania and Central and Eastern Europe it has developed and built over 1,700,000 sqm and manages approximately 800,000 sqm within the property & facility management division Global Vision has delivered over 100,000 square meters of industrial and logistics spaces Globalworth is a real estate company active in Central and Eastern Europe listed on the London Stock Exchange in the AIM segment It has become the main investor in the CEE office real estate market through its market leading position in both Poland and Romania develops and manages high-quality office buildings and industrial parks in premium locations that generate rental income to leading companies around the world Managed by more than 250 professionals in Cyprus the company’s portfolio has a total value of €3.1 billion as at 30 June 2023 Approximately 96.9% of the portfolio is represented by income-producing assets predominantly in the office sector and leased to approximately 700 national and multinational companies while in Romania the properties are found in Bucharest For more information visit www.globalworth.com or follow us on Facebook TSX: CIGI) is one of the global leaders in real estate advisory and investment management services its 19,000 specialists work together to provide expert advice to clients our experienced management team has provided shareholders with annual investment returns of approximately 20% With annual revenues of $4.5 billion and assets under management of $98 billion Colliers maximizes the potential of properties and real estate assets and accelerates client success .st1{fill-rule:evenodd;clip-rule:evenodd;fill:#2a2a2a}By The Associated PressView full sizeOctav Ganea / Mediafax Foto via APRomanian witches perform a ritual in Chitila while witches hundreds of miles away cursed the government for obliging them to pay taxes starting Jan Romania (AP) — Everyone curses the tax man Romania’s newest taxpayers also included fortune tellers — but they probably should have seen it coming Superstitions are no laughing matter in Romania — the land of the medieval ruler who inspired the “Dracula” tale — and have been part of its culture for centuries A witch at the Danube named Alisia called the new tax law foolish Witch Melissa Minca told The Associated Press she was “happy that we are legal,” before chanting a spell to call for a good harvest Some argue the law will be hard to enforce as the payments to witches and astrologers usually are small cash amounts of 20 to 30 lei ($7-$10) per consultation who lost the presidential race to Basescu in 2009 and his camp blamed attacks of negative energy by their opponent’s aides Geoana aide Viorel Hrebenciuc alleged there was a “violet flame” conspiracy during the campaign saying Basescu and other aides dressed in purple on Thursdays to increase his chances of victory Romanian officials still wear purple clothing on important days because the color supposedly makes the wearer superior and wards off evil Such spiritualism has long been tolerated by the Orthodox Church in Romania and the late Communist dictator Nicolae Ceausescu and his wife who was imprisoned in 1977 for witchcraft under Ceausescu’s repressive regime Sitting cross-legged in her villa in the lake resort of Mogosoaia she said Wednesday she planned to cast a spell using a particularly effective concoction of cat excrement and a dead dog “We do harm to those who harm us,” she said “They want to take the country out of this crisis using us They should get us out of the crisis because they brought us into it.” “My curses always work!” she cackled in a smoky voice But not every witch threatened fire and brimstone “This law is very good,” said Mihaela Minca “It means that our magic gifts are recognized and I can open my own practice.” Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, (updated 8/1/2024) and acknowledgement of our Privacy Policy, and Your Privacy Choices and Rights (updated 1/1/2025) © 2025 Advance Local Media LLC. All rights reserved (About Us) The material on this site may not be reproduced except with the prior written permission of Advance Local Community Rules apply to all content you upload or otherwise submit to this site YouTube's privacy policy is available here and YouTube's terms of service is available here Ad Choices With an increase of over 35 percent in Corporate Wellness Package sales World Class Romania is the leading provider of health & fitness programs for companies in Romania The increase is mainly due to the extensive #BeHealthy educational campaign launched by World Class two years ago aiming to inspire and motivate more Romanians to be more active more often the number of active World Class members has grown by 15 percent each year on average The increase in Corporate sales is also influenced by the strategic expansion of the World Class health & fitness network to urban areas that are close to where people work and live Over the next 5 years, expansion will be accelerated to reach even more people and make health & fitness services more accessible to everybody. World Class projects to reach 90 health & fitness centers by the end of 2023.  “In 2020 World Class celebrates 20 years and we will continue to open new clubs according to our mission to inspire more Romanians to be more active more often and live a healthy lifestyle the largest health & fitness network in Romania will cover 7 metropolitan areas Every new World Class club opening represents more opportunities for healthy living always within strategic geographic positions the largest urban concentration in Romania is our flagship location and we are glad to announce that the new World Class Colosseum will be the network’s 30th health & fitness club in Bucharest consolidating our presence in an area with excellent growth potential,” said Kent Orrgren The new health & fitness club will cover an area of 1,600 square meters and will provide premium facilities for its members The club will feature Technogym strength and cardio equipment Technogym is the global leader in fitness research and innovation unparalleled in optimal biomechanics and ergonomic performance The club will also feature aerobic and cycling studios where members have unlimited access to all group fitness classes A specialized team of health and fitness professionals will offer members a variety of classes based on original World Class concepts as well as popular programs created by the world’s largest fitness provider World Class Colosseum will be included in the Bronze membership category and will be the 40th World Class club in the network. one of the largest real estate investments trusts (REITs) in South Africa has reached an agreement with Element Industrial and Paval Holding and signed the acquisition contract for ELI Park 1 located in the newest logistics hub North-West of Bucharest making it their first logistics acquisition in Romania “We are satisfied that by developing ELI Park 1 at high standards we have attracted a new player on the local market South Africa’s largest logistics owner and developer which brings valuable know-how and experience in Romania,” said Andrei Jerca “The transaction confirms Buftea-Chitila as the third logistics hub near Bucharest as well as the developing force of Element Industrial recognized by a worldwide real estate giant,” he added ELI Park 1 was developed in joint venture by Element Industrial (founded by Romanian real estate investor Ionut Dumitrescu) and Paval Holding (founded by two Romanian entrepreneurs: Dragos and Adrian Paval) The transaction has been coordinated by a joint team of the sellers: Diana Nanu and Alexandra Popa from Element Group and Karina Paval and Narcisa Stanimir from Paval Holding CBRE Romania led by Mihai Patrulescu and legal experts from Kinstellar the transaction has been coordinated by Steven Brown Howard Penny and Maciej Tuszynski of Fortress Cushman &Wakefield Echinox (led by Tim Wilkinson) and PWC (led by Cornelia Bumbacea) Part of Element Group, with diverse investments in logistics, retail and office, Element Industrial is one of the most active local developers on the logistics market. The pandemic created new opportunities in the logistics market, in the context of acceleration of digitalization and the growth of the e-commerce market. Through the diversity of products in the portfolio of Element Industrial the developer aims to be a flexible partner for logistics space tenants in Romania Besides the investments from the Buftea-Chitila hub Element Industrial is working on several projects located in cities such as Bacău The company’s focus and ambitious target is to develop 500,000 sqm by 2026 All projects under the “ELI Parks” brand are developed to international class A standards, with the main objective of fully covering the needs of potential tenants, regardless of the field in which they operate. In this context, the concepts used in the development of parks allow flexibility in accommodating a wide range of needs, both technical and operational. The real estate developer CTP had a portfolio growth of 73 percent and reached more than 700,000 square meters of industrial spaces in Romania in the last quarter of 2017 The company has a total market value of EUR 364 million and over 180,000 square meters GLA in Romania were built by CTP Strategic clients from 7 parks owned by CTP signed new leasing agreements in the first three quarters of 2017 The vacancy rate of the spaces ready to be leased is under 3 percent for now “We continued to invest and acquire land and properties in key areas of Romania. In the future we will maintain our development’s rapid pace according to the needs of our current clients, but we plan to begin some speculative constructions too,” stated Ana Dumitrache, co-country head of CTP Romania. It started to construct two buildings in Bucharest of 100.000 sqm that are scheduled for delivery in quarters 1 and 2 of 2018 CTP invested in almost 21,000 sqm for the Phoenix project CTP concluded a total of EUR 117 million financial agreements in 2017 with European Bank of Reconstruction and Development The company plan to extend in 2018 in other Romanian cities like Pitesti and Turda Teodora Marinescu With a portfolio that recently reached 2 million sqm, CTP Romania is the largest developer and administrator of class A industrial and logistics spaces in the country with more than 270,000 sqm currently under construction in Bucharest and regional cities Romania is a growth driver for the CTP group with 26% of new construction taking place here The largest projects under construction for CTP Romania are located in the following parks: CTPark Bucharest West (at km 23 of the A1 highway) CTPark Bucharest (km 13 of the A1 highway) Timisoara became the second largest industrial market for CTP Romania with approximately 40,000 sqm under construction and new spaces to be launched soon Other important industrial projects under development are in Sibiu CTP has a total area of 2 million sqm of class A warehouses in 14 cities in Romania: Arad CTP owns five industrial parks: CTPark Bucharest North Globalworth announces the signing of a strategic partnership with CATTED for the light industry and logistics area mainly focused on the “small business units” segment with Globalworth as the majority shareholder initially involves the acquisition of a land of approximately 45,000 sqm in Ștefănești as well as the takeover of a small business units logistics project previously developed by CATTED in Chitila The efforts of the two companies will be focused on storage spaces in an intelligent with fully integrated support services and with the support of an advanced business community in Ștefănești and Chitila Aiming for the diversification of the portfolio on small business units and will develop a relatively new concept in the Romanian market offering greater flexibility of use and expansion capability compared to traditional logistics warehouses Business Park Ștefănești // located in the northern part of Bucharest with easy access to the Bucharest Ring Road The location allows a quick connection to the center of Bucharest via the A2 motorway The project will include 3 industrial facilities totalising a leasable area of 18,000 sqm the 3 buildings will offer up to 24 units for rent Business Park Chitila // located in the north-west of Bucharest with direct access to the Bucharest Ring Road the project also benefits from a fast connection with the center of the capital as well as with the A1 motorway and the DN7 national road The project has 13 buildings with a total leasable area of 7,000 sqm The 13 halls have storage spaces between 200 and 600 sqm and office spaces with areas between 50 and 180 sqm Globalworth’s logistics and light industry sub-brand Following the growth of the e-commerce industry we have identified a new target with high potential: small and medium-sized companies looking for modern storage spaces has encouraged us to invest in this new direction and we hope that both the standing units as well as the ones we are going to develop together We are convinced that the Catted business model is a successful one the results achieved so far speak for themselves and we look forward to working together and strengthening our market presence Having added to our portfolio also small business units we will be able to offer a full range of modern spaces adapted to the needs of the companies operating in Romania Globalworth Romania Head of Investments and Globalworth Group Capital Markets Director “CATTED’s vision is to follow the tradition of the job well done for the distant future We are confident that through this partnership with Globalworth we will develop and offer to the Romanian market logistics parks and the business community in accordance with advanced standards offer our future tenants the desired results The strategic development plan on which our partnership is based opens a new path for the development of a national network of logistics parks focused on small business units The real benefits we offer will support the development of our tenants We welcome them and offer transparency and a win-win partnership we will create high-performance logistics parks the sub-brand of logistics and light industry of Globalworth Among the projects that consolidate the logistics and the company’s activities are Pitești Industrial Park Industrial Park West Arad and Industrial Park West Oradea.