A five-year new lease for Yusen Logistics (Romania),
assisted by CBRE Romania
Yusen Logistics, a leading global logistics provider, has secured a lease agreement for a substantial area of 19,000 sqm within CTPark Bucharest, assisted by CBRE, the global and national leader in commercial real estate investment and services.
Located in a strategic area, in the western part of Bucharest, the logistics hub will serve as a regional distribution center for the automotive industry. With the support of the CBRE expertise team and the landlord, Yusen Logistics (Romania) will benefit from competitive rental rates in a growing market for the contractual period of five years.
Cosmin Rusu, Managing Director, Yusen Logistics (Romania)
“This lease agreement is a crucial strategic move that perfectly aligns with our dedication to delivering exceptional logistics solutions to our clients. Leveraging its extensive expertise and market knowledge, CBRE proved to be a rock-solid ally, supporting us at every step and offering the best solution in the market for our needs while securing competitive rates.”
The industrial and logistics industry continues to evolve, recent trends indicate a resurgence in the production and logistics segments. The logistics and automotive sectors drove the largest demand for I&L spaces. Analyzing the total leasing activity through the lens of main use of leased spaces, Logistics purposes is by far the most common requested type of space with 53% of TLA, a trend registered since 2022 when the segment also placed first. This balance is expected to tilt in favor of production in the upcoming quarters. Rental transactions in the 3PLs (third-party logistics) category also recorded an increase of 35%, compared to the same period last year.
Călin Badea, Consultant, Industrial & Logistics at CBRE Romania
“The I&L market remains a crucial sector that is realigning with pre-pandemic trends. We anticipate higher demand for this year, especially in the production and logistics segments. Romania remains a competitive market for this sector and modern spaces that follow a sustainability policy and are BREEAM or LEED certified enjoy greater interest from investors and occupiers alike. The lease of this significant area for Yusen Logistics showcases the strong logistics sector in Romania and confirms Bucharest as a great location for a regional and global distribution center, serving 19 countries on three different continents”
CBRE’s latest data reveal that the Romanian industrial and logistics market remained strong and had a sustained demand. The modern industrial stock in Romania peaked at 7.2 million sq m at the end of 2023, with a total of 492,000 sq m delivered last year, which represent around 7% from the actual stock. The monthly rent average soared to €4.50 per sq m, underlining a 9.76% YoY growth.
Last year, the industrial sector amassed an investment volume of €70M. and represented 14% from the total investment volume transacted in 2023.