Yusen Logistics, a global logistics provider, has leased 19,000 sqm in CTPark Bucharest, owned by CTP, for the next five years, in a deal brokered by CBRE.
The company will turn the space into a regional distribution centre for the automotive industry.
“The owner's commitment to refurbish the warehouse in accordance with ESG criteria will create an ideal environment for our logistics activities, setting the stage for our continued sustainability efforts. We are confident that this decision will bolster our industry position even further," stated Cosmin Rusu, Managing Director at Yusen Logistics in Romania.
The lease transaction confirms Bucharest as a great location for a regional and global distribution center, added Călin Badea, Consultant Industrial & Logistics at CBRE Romania.
CBRE consultants anticipate higher demand this year in the industrial segment, especially from production and logistics firms.
Romania’s industrial stock totaled 7.2 million sqm at the end of 2023.
CTP’s industrial portfolio in Romania covers 2.6 million sqm, with another 200,000 sqm under development. The company has invested over €1.5 billion in Romania to date.
