VGP

Tech company spektr creates new career opportunities in Iași by expanding the engineering hub in Palas Campus

Tech company spektr creates new career opportunities in Iași by expanding the engineering hub in Palas Campus
Tech company spektr creates new career opportunities in Iași by expanding the engineering hub in Palas Campus 948 906 ROMANIA PROPERTY CLUB
Tech company spektr creates new career opportunities in Iași by expanding the engineering hub in Palas Campus

spektr, a Copenhagen-based tech company developing compliance process automation and digitization solutions for financial institutions and tech companies in 15-plus countries, is consolidating its presence in Romania by expanding its operations in Iași. Following the opening of a new office in Palas Campus, the company is launching new job opportunities and seeks to transform Iași into its main engineering hub.

The new head office in Palas Campus, developed by IULIUS Company in downtown Iași, spans an area of approximately 500 square meters and will support the Danish company’s expansion plans. spektr is developing a platform used by banks, fintech, and other companies in regulated industries for compliance process management, from customer verification and monitoring to investigations and risk management.

For spektr, the new location will play a strategic role as a product engineering hub, where the teams will work on developing the platform. The hub will accommodate the development and improvement of Big Data management systems, artificial intelligence-based solutions supporting information analysis and investigation preparation, as well as components ensuring the security, stability, and quality of the platform.

“We did not come to Iași to open a delivery type office. Our team here will develop essential components for the spektr platform, and Palas Campus provides us with the space we need in order to grow. The software engineering talent pool in Iași is world-class, and expanding our presence here is a natural step forward,” said Ciprian Florescu, spektr co-founder and Chief Technical Officer (CTO).

spektr’s expansion comes amid a period of rapid growth for the company, after securing $ 20 million in Series A funding in April 2026, raising the total funding up to $ 26 million. spektr is currently working with financial institutions and tech companies in more than 15 countries. The team includes more than 70 professionals and the plan for the hub in Iași is to reach approximately 25 employees by the end of this year and around 40 employees over the next 12 months, becoming the company’s largest engineering base.

“We are delighted that spektr chose Palas Campus for the new development phase of the company. Choosing an office space for a growing team is a major decision for any company, and Palas Campus offers the necessary flexibility for organizations expanding their operations. The business infrastructure, facilities and services available here help us create an environment supporting both team performance and the everyday experience of employees,” said Ionuț Pavel, Office Buildings Manager Palas Iași.

About spektr

spektr is a company specializing in compliance technologies and developing the system that banks, fintechs and other regulated entities use to launch and expand products without losing control over the risks. The company was founded in 2023 by Mikkel Skarnager, Ciprian Florescu, Jan-Erik Aabo Wagner, and Jeremy Joly.

About Palas Campus

Palas Campus is the largest office building in Romania (54,000 sqm office space and 6,000 sqm retail space), integrating the head offices of 13 companies, as well as 5,000+ employees. Opened in 2023 by IULIUS Company and designed as a continuation of the Palas mixed-use complex located nearby, Palas Campus includes facilities and services accessible to all, such as: gym, medical centers, restaurants, coffee shops, bistro, and a supermarket.

 

VGP announces strategic land acquisition for new VGP Park Oradea, Romania

VGP announces strategic land acquisition for new VGP Park Oradea, Romania
VGP announces strategic land acquisition for new VGP Park Oradea, Romania 2560 1440 ROMANIA PROPERTY CLUB
VGP announces strategic land acquisition for new VGP Park Oradea, Romania
  • VGP acquires 294,000 m² of land for the development of VGP Park Oradea, counting 133,000 m² of lettable area
  • The park will offer space for a diverse range of logistics, light industrial, and commercial activities
  • The project aims to obtain the BREEAM Excellent standard and comply with the EU Taxonomy

VGP, a pan-European owner, manager, and developer of high-quality logistics and light industrial real estate, announces the acquisition of a 294,000 m² land plot for the development of VGP Park Oradea, a new state‑of‑the‑art logistics and industrial park in western Romania. The future park will offer an initial total lettable area of 133,000 m² and will further strengthen VGP’s footprint within a rapidly expanding regional logistics corridor.

A strategic gateway between Romania and Western Europe

Ideally positioned just outside the city of Oradea, the new park is located 3 minutes from the DEx16 expressway and 15 minutes from the Borș border crossing, the busiest point on Romania’s western border with Hungary. It also offers swift access to Oradea International Airport and Oradea Railway Station. With direct links to major European transport routes and integration into key Pan‑European corridors, Oradea has emerged as a critical logistics hub in the western region. The area benefits from a solid economic base, a strong local ecosystem, and substantial public and private investment in infrastructure and industry. The park’s strategic location ensures seamless connections for companies engaged in cross‑border distribution, manufacturing, or regional supply chain operations.

VGP Park Oradea Rendering 2

High sustainability standards and customized technical solutions

VGP Park Oradea will provide 133,000 m² of high‑quality space suitable for logistics, manufacturing, and commercial activities. The new park will be designed to meet VGP’s high standards for sustainability, technological readiness and operational efficiency, supporting a very broad type of tenants looking for future-proof industrial and logistics facilities. Leveraging its in-house technical expertise, with engineers making up more than 60% of its employees, VGP will deliver customized, technologically advanced solutions tailored to diverse tenant requirements. The project aims to achieve the BREEAM Excellent certification and align with EU Taxonomy standards. Planned sustainable features include a photovoltaic system, EV charging stations, smart metering, and initiatives that enhance site biodiversity.

Strengthening VGP’s footprint in Romania

With the addition of VGP Park Oradea, VGP continues to expand its Romanian presence to serve growing market demand driven by manufacturing growth, e‑commerce expansion and increasing regional supply‑chain diversification. VGP Park Oradea is being added to a portfolio of strategically located industrial and logistics parks in Arad, Brașov, Bucharest, Timișoara and Sibiu. Since entering Romania in 2007, VGP has acquired more than 1.7 million m² of modern industrial space, offering nearly 900,000 m² of potential lettable area and integrating advanced sustainable solutions.

Swissôtel Poiana Brașov Expands with €11 Million Investment and 50 New Rooms

Swissôtel Poiana Brașov Expands with €11 Million Investment and 50 New Rooms
Swissôtel Poiana Brașov Expands with €11 Million Investment and 50 New Rooms 1921 2560 ROMANIA PROPERTY CLUB
Swissôtel Poiana Brașov Expands with €11 Million Investment and 50 New Rooms

Real estate developer Neagoe Basarab Residence is allocating an additional €11 million budget for the second phase of the Swissôtel Poiana Brașov expansion. The initial phase of the project, completed in September 2024, represented an investment of €18.5 million.

Upon completion of the expansion, the hotel will feature a new building wing housing 50 guest rooms, an expanded spa, and a large-scale conference center. The investment aims to secure major corporate contracts, with a particular focus on pharmaceutical industry events. Currently, the hotel’s event capacity is limited to a single 60-square-meter meeting room.

Despite booking platforms reporting an approximate 20% drop in overall tourism volume across Bucharest and Brașov, Swissôtel Poiana Brașov recorded a 20% increase in occupancy during the first half of the year compared to the same period last year. The business strategy focuses on reducing reliance on online travel agencies (OTAs); direct channels and the Accor loyalty program account for 50% to 60% of bookings, while domestic Romanian tourists make up 75% to 80% of total guests.

Concurrently, the developer is finalizing construction on a second hotel in Cristian, Brașov County, and is in negotiations to affiliate the property with the Radisson Blu brand.

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For the initial phase of Swissôtel Poiana Brașov, the developer partnered with an extensive team of specialists, with Cumulus Architecture serving as the general designer. Restaurant interior design was spearheaded by Cristian Corvin, while landscape architecture was delivered by Poteca Studio. Engineering and site management services were provided by Plan Expert, Metrans, and Norrma.

Construction for the new expansion phase is scheduled to begin by the end of this year, with full project completion targeted for 2028.

Iulia IANA Joins the IMPACT Group as CEO of IMPACT Finance & Sales

Iulia IANA Joins the IMPACT Group as CEO of IMPACT Finance & Sales
Iulia IANA Joins the IMPACT Group as CEO of IMPACT Finance & Sales 775 832 ROMANIA PROPERTY CLUB
Iulia Iana – photo 1

IMPACT Developer & Contractor, one of Romania’s leading real estate developers and a company listed on the Bucharest Stock Exchange, announces the appointment of Iulia IANA as CEO of IMPACT Finance & Sales, a company within the IMPACT Group specializing in sales, marketing, brokerage, commercial leasing, and IT services for projects developed by IMPACT.

The appointment is part of the IMPACT Group’s strategy to strengthen its integrated business model and accelerate commercial performance, in the context of a new phase of development focused on growth and operational efficiency.

In her new role, Iulia IANA will oversee the company’s commercial activities, with responsibility for sales, marketing, IT, and the development of commercial processes across the IMPACT Group’s portfolio of projects. Her mandate includes developing marketing and sales strategies, optimizing conversion and customer retention processes, enhancing commercial performance, and facilitating customers’ access to financing solutions for home purchases. In this position, she will contribute to the commercial strategy for projects within the IMPACT Group portfolio, including GREENFIELD Băneasa, ARIA Verdi, GREENFIELD Copou, and BOREAL Plus.

Iulia IANA brings more than 14 years of experience in marketing, strategy, and management across industries including real estate, automotive, and retail. Prior to joining IMPACT Finance & Sales, she served as Marketing Director at another real estate development company, where she led the marketing and communications strategy for the company’s portfolio and contributed to the development and positioning of both the corporate brand and its residential projects. Her expertise includes designing and implementing integrated marketing, digital, communications, and branding strategies, leading multidisciplinary teams, and managing marketing budgets, with a strong focus on linking marketing investments to lead generation, commercial opportunities, and sales performance.

“I am joining the IMPACT Group at a time when there is significant potential for further portfolio growth and, consequently, for enhanced commercial performance. My mandate at IMPACT Finance & Sales is to build an integrated commercial function in which marketing, sales, CRM, technology, and data operate as part of the same business process. The objective is simple: to establish measurable processes, gain the deepest possible understanding of our customers, and create a direct link between the investments we make and the commercial results we generate. I believe that a strong brand and commercial performance must be built together,” said Iulia IANA, CEO of IMPACT Finance & Sales.

“By strengthening IMPACT Finance & Sales, we aim to build a more integrated commercial structure, focused on performance and customer needs. Iulia brings relevant experience in real estate, brand development, and the management of integrated marketing and business strategies, at a time when IMPACT is undergoing its most extensive phase of growth and consolidation of its integrated business model. Her expertise and business perspective will further strengthen the Group’s strategic direction during this new stage of development,” said Dan Sebastian Câmpeanu, CEO of IMPACT Developer & Contractor.

In the coming period, IMPACT Finance & Sales will play a central role in supporting the IMPACT Group’s development plans by integrating marketing, sales, and financing functions into a unified commercial model. Strengthening this structure will help improve commercial efficiency, enhance the customer experience, and support the company’s growth objectives for both the residential projects currently in its portfolio and those under development.

BREC & RPC Rankings: The largest real estate asset owners in Romania

BREC & RPC Rankings: The largest real estate asset owners in Romania
BREC & RPC Rankings: The largest real estate asset owners in Romania 1500 1000 ROMANIA PROPERTY CLUB
BREC & RPC Rankings: The largest real estate asset owners in Romania

Bucharest, July28, 2026 – NEPI Rockcastle, AFI Europe Romania, and IULIUS lead the ranking of the largest shopping center owners in Romania; Globalworth, Pavăl Holding, and CPI Property Group head the top owners of office buildings; while CTP, WDP, and VGP top the list of the largest logistics and industrial park owners in the country, according to Q2 2026 data provided by the real estate consultancy firm iO Partners for BREC & RPC.

NO. TOP RETAIL REAL ESTATE OWNERS IN ROMANIA*
COMPANY NAME GROSS LEASABLE AREA (GLA – SQ M) MARKET SHARE %
1 NEPI Rockcastle                    939.800                                 20,2
2 AFI România                    325.500                                   7,1
3 IULIUS & Atterbury Europe                    320.000                                   6,9
4 MAS REI                    309.700                                   6,7
5 CPI Property Group                    238.702                                   5,2
6 Other Players                 2.498.300                                 53,9
7 Total                 4.632.002                                  100

* Stock includes shopping centers, retail parks, outlet centers, and hypermarkets with galleries, with a leasable area of at least 5,000 sq m. Source: iO Partners, Q2 2026.

NEPI Rockcastle currently has under development the expansion of Promenada Mall Bucharest by 55,400 sq m (including office space and a hotel), as well as the new Galați Retail Park project (42,000 sq m GLA), both with delivery scheduled for 2027.

AFI Europe Romania recently acquired a stock of 125,500 sq m, comprising six retail parks, from MAS REI – a transaction that moved the developer up one spot in the ranking.

IULIUS & Atterbury Europe have commenced construction on the RIVUS mixed-use project in Cluj-Napoca, which will feature a commercial area with over 400 stores across 142,000 sq m GLA, along with an office component. IULIUS has also initiated a large-scale mixed-use project in Constanța, currently in the concept development stage, which will include retail and office space on a 38-hectare plot. Additionally, IULIUS has started the redesign and extension of Palas Iași shopping center, adding 16,000 sq m of retail GLA, bringing the total project footprint to 80,000 sq m. This year, the company will also inaugurate its third Family Market – a convenience retail concept – in the Iași metropolitan area. With 13,000 sq m of retail GLA, the project features a supermarket, drive-thru, fitness center, and daily essential services.

MAS REI reduced its portfolio from over 400,000 sq m to 309,700 sq m and moved down in the rankings following the sale of its 6 retail parks to AFI Europe Romania.

CPI Property Group is undergoing a complex modernization process of Sun Plaza, one of the primary shopping malls in its Romanian portfolio.

The top five retail property owners account for over 46% of Romania’s total modern retail stock.

NO. TOP OFFICE BUILDING OWNERS IN ROMANIA*
COMPANY NAME GROSS LEASABLE AREA (GLA – SQ M) MARKET SHARE %
1 Globalworth                    443.100                                   9,8
2 Paval Holding                    354.200                                   7,9
3 CPI Property Group                    280.000                                   6,2
4 AFI România                    274.000                                   6,1
5 IULIUS                    260.000                                   5,7
6 Other Players                 2.909.000                                  64,3
7 Total                 4.520.300                                   100

* Stock includes modern Class A and B office buildings for rent, built or renovated since 2000, with a leasable area of at least 2,000 sq m, located in Bucharest, Cluj-Napoca, Timișoara, Iași, and Brașov. Source: iO Partners, Q2 2026.

Globalworth broke ground at the end of 2025 on Green Court D in Bucharest (16,500 sq m), scheduled for delivery in 2027.

Pavăl Holding’s most recent move in the office sector was the 2025 acquisition of Ethos House (7,300 sq m) in the Floreasca area of Bucharest.

CPI Property Group sold a portion of the Iride Business Park complex in Bucharest (approx. 60,000 sq m) to Alfa Group in 2025.

AFI Europe Romania is developing the AFI Central Tower office building in Bucharest – a 28,100 sq m conversion of the former Bancorex building on Calea Victoriei scheduled for completion in 2028 – as well as AFI Park Brașov 2 (12,000 sq m), set to be delivered in 2027.

IULIUS has started construction on the Rivus mixed-use development in Cluj-Napoca and is planning a mixed-use project in Constanța, both featuring major office components.

The top five office property owners represent 35% of the total modern office stock in Romania.

NO. TOP LOGISTICS & INDUSTRIAL PARK OWNERS IN ROMANIA*
COMPANY NAME GROSS LEASABLE AREA (GLA – SQ M) MARKET SHARE %
1 CTP                 3.321.500                                 37.9
2 WDP                 2.058.300                                 23,5
3 VGP                    585.000                                   6,7
4 P3 (GIC)                    380.000                                   4,3
5 Logicor (CIC)                    331.200                                   3,8
6 Other players                 2.089.500                                 23,8
7 Total                 8.765.500                                  100

* Stock includes rental space in Class A and B industrial and logistics parks, built or renovated since 2000, with a leasable area of at least 5,000 sq m (excluding temperature-controlled units, which may be under 5,000 sq m). Source: iO Partners, Q2 2026.

CTP aims to surpass the 4 million sq m threshold in the coming years, primarily through the expansion of CTPark Bucharest West and CTPark Bucharest South.

WDP plans to expand by nearly 200,000 sq m by 2027 through ongoing pipeline projects, mostly located in Bucharest.

VGP is nearing the 600,000 sq m mark following deliveries exceeding 120,000 sq m in the first half of this year.

P3, owned by Singapore’s sovereign wealth fund GIC, continues to target the sale of its Romanian portfolio, with a transaction expected before the end of this year.

Logicor focuses on expanding around Bucharest, with plans to deliver approximately 30,000 sq m by the end of 2027.

The top five industrial players control approximately 76% of Romania’s total modern industrial and logistics stock (production and warehousing).

“The ranking of real estate asset owners in Romania tells a compelling story of market confidence. Romanian capital stands today alongside capital from the Czech Republic, South Africa, Israel, the Netherlands, Belgium, Singapore, and China across portfolios totaling nearly 18 million square meters, valued at tens of billions of euros. This proves that the Romanian real estate market has reached sufficient maturity and profitability to attract long-term investors with a highly diversified profile.” – Despina Ponomarenco, Founder of BREC & RPC.

Brașov consolidates its status as Romania’s central industrial hub

Brașov consolidates its status as Romania’s central industrial hub
Brașov consolidates its status as Romania’s central industrial hub 2560 1708 ROMANIA PROPERTY CLUB
Brașov consolidates its status as Romania’s central industrial hub

As a region traditionally renowned for its industrial heritage, Brașov ranks as Romania’s fourth-largest industrial hub—following Bucharest, Timișoara, and Ploiești—boasting a total stock of approximately 480,000 square meters. Positioned at the geographical heart of the country, it represents a core area of strategic interest.

According to data from iO Partners, prime Class A industrial and logistics rents in Brașov oscillate between €4.1 and €4.5 per sqm per month, fluctuating based on unit size and lease terms. The profile of major industrial tenants locally mirrors the region’s manufacturing DNA. Consequently, the automotive industry (auto parts) generates roughly 50% of multi-annual demand, followed by light manufacturing (22%), the logistics sector (15%), and retail & FMCG (6%).

Major institutional investors maintain a strong local footprint and continue to expand. VGP currently has a new 35,000 sqm warehouse under construction. Concurrently, CTP is developing two industrial parks in the region: CTPark Brașov and CTPark Brașov West. Furthermore, M Core is set to launch its first-ever industrial project in Romania here—a 16,000 sqm development. This will be an in-city logistics project, meticulously partitioned into small-business modules.

According to analysts at The Seller & Partners, Brașov is undergoing a phase of organic expansion. This trajectory is fueled by major international players, a nationwide repositioning of the workforce, and forward-thinking urban planning that balances production areas with residential growth.

Investor appetite for industrial land remains high, with a clear focus on the North-West axis. While the strategic triangle formed by Cristian, Râșnov, and Ghimbav continues to attract the bulk of capital placement, development pressure is visibly shifting toward the wider metropolitan area. In 2026, attention is strategically turning toward Codlea. Its geographical positioning is evolving into an unbeatable competitive advantage: immediate proximity to Brașov International Airport and a direct connection to the future highway interchanges leading toward Sibiu (A13) and the Moldova region.

Dana Bordei (Large)

INSIGHTS FROM THE EXPERT

Dana Bordei, Country Commercial Manager, VGP Romania

Q: Brașov is a traditional manufacturing destination. What were the main challenges over the past year, and where do you see future growth opportunities?

Dana Bordei: Over the past year, the market has been shaped by several converging pressures: higher financing costs, continuous sensitivity toward construction and fit-out budgets, and a more cautious tenant base hesitant to make early commitments.

Simultaneously, occupiers have raised the bar regarding energy performance and operational cost predictability. This shift has moved negotiations away from mere base rents toward total occupancy costs and sustainability certifications. In essence, projects capable of delivering modern specifications, energy efficiency, and flexible unit sizing have consistently managed to capture demand.

Looking ahead, Brașov’s growth opportunity lies in its role as Romania’s central hub, both for production-adjacent operations and regional distribution. We see sustained demand coming particularly from: * Automotive and industrial supply chains (including suppliers and light assembly); * 3PL (Third-Party Logistics) and contract logistics servicing Transylvania and broader national coverage; * Pharmaceutical and healthcare distribution; * Companies seeking more resilient “nearshoring” footprints backed by solid labor access and reliable infrastructure.

At VGP, we have heavily focused on sustainability-driven differentiation, which is increasingly becoming a deal-breaker for international tenants.

Q: What is the current status of the VGP park, and who are the anchor tenants?

Dana Bordei: VGP Park Brașov already hosts an impressive portfolio of tenants spanning a wide array of sectors, such as automotive, pharma, distribution, and manufacturing—a testament to the park’s versatility and market appeal.

Among them are household names such as Inter Cars, Autoliv, RETURO, DB Schenker, Miele Tehnica, and Fildas, among others. These tenants highly value our strategic location, state-of-the-art facilities, and VGP’s unyielding commitment to quality and sustainability, which were key drivers in choosing us as a partner.

Developed on an impressive land footprint of approximately 360,000 sqm, the logistics park is master-planned to meet both current and future market demands, offering a total potential build-up area of 180,000 sqm.

A traditional manufacturing destination, Brașov consolidates its hub status

A traditional manufacturing destination, Brașov consolidates its hub status
A traditional manufacturing destination, Brașov consolidates its hub status 1621 1080 ROMANIA PROPERTY CLUB
A traditional manufacturing destination, Brașov consolidates its hub status

The county is the third largest industrial & logistics hub in Romania, after Timisoara and Ploiesti. Brasov enjoyed a growing modern warehousing & production market, with nearly 16% of the total 470,000 sqm stock being built in the past twelve months.

Moving forward, an additional 13,000 sqm shall be built, as Brasov is one of the few regional hubs with active construction pipelines in 2025. VGP is one of the top three dominant players that is pursuing new developments in the county.

The vacancy rate is one of the lowest in the country – just under 2%, but that is due to the non-speculative character of the region. For comparison, the vacancy rate in Bucharest-Ilfov (the region that hosts half of Romania’s modern stock) is at 5%; in Timisoara, the second-largest industrial & logistics hub, the vacancy rate stands at nearly 11%.

The take-up stood at 16,200 sqm, a significant drop compared to the previous period when jumbo deals such as the 47,000 sqm Intercars pre-lease made headlines. However, the region gave signs of steady, sustainable demand.

The asking headline rents slightly dropped from 4.5 EUR/sqm to 4.4 EUR/sqm due to the market dynamics. The county is dominated by auto and electronics producers, which are under market pressure due to economic developments. This triggered a schedule of mass layoffs and production properties put up for sale. It is to be determined whether this will have long-term consequences or if it is simply a natural transformative period.

Dana Bordei

Dana Bordei, Country Commercial Manager, VGP Romania:

“Brasov, a city with a fast economic growth, is an increasingly strong pole of attraction for national and international companies. VGP Park Brasov enjoys the fastest growth of VGP’s portfolio in Romania, reflecting the robust demand for class A spaces in the proximity of the production units located in the western part of the city.

This region is becoming increasingly attractive for new suppliers and business partners, due to the availability of a qualified workforce and the presence of rapidly developing production and distribution companies.

With the five buildings already delivered, totalling approximately 123,000 sqm, which are designed and built according to the strictest sustainability and energy efficiency standards, VGP Park Brașov is positioning itself as a reference example in sustainable real estate development.

Infrastructure developments such as the Sibiu-Brasov-Bacau A13 highway shall bring new development opportunities. The Sibiu–Fagaras 70 km lot is under active construction, with works expected to be done by 2027. While the Brasov – Bacau lots are at the feasibility stage, the opening of the Sibiu-Fagaras lot will bring new development opportunities as connectivity to Western Europe is significantly improved.

Dana Bordei VGP Romania

RPC Talks with Dana Bordei, VGP România
RPC Talks with Dana Bordei, VGP România 2560 1707 ROMANIA PROPERTY CLUB

RPC Talks to Dana Bordei

Commercial Country Manager, VGP România

Dana Bordei VGP Romania

Profile of the company

VGP is a pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate, operating in 18 European countries.
VGP operates a fully integrated business model with capabilities and long-standing expertise across the value chain, from land acquisition to development and asset and property management.
With origins as a construction company, today VGP’s strategic focus is on the development of large multi-tenant business parks.

What were the main business results for 2024?

In 2024, VGP achieved significant milestones, meeting our business targets and consolidating our position in Romania. Highlights include:

  • A 53,000 m² building in VGP Park Brașov, the largest in our portfolio, leased to ILS Balkan and recognized as the ‘Best Warehouse Development & Developer of the Year.’
  • A 20,000 m² space in VGP Park Timișoara leased to Continental Tires for tire storage.
  • Construction of a 20,000 m² production facility for VAT Romania in VGP Park Arad, set for delivery in 2025. VAT Group is a renowned developer, manufacturer and supplier of high-performance vacuum valves, critical components for advanced R&D and production processes of semiconductors, LEDs, solar cells, displays and other products requiring high vacuum.

What are the company’s business targets and plans for 2025?

For 2025, VGP aims to finalize projects in strategic locations like Bucharest, Arad, and Brașov, attract new tenants from diverse and innovative industries, aligning with market trends. VGP will continue integrating green technologies, such as heat pumps, as a standard in our developments, strengthen partnerships to respond quickly to market demands and maintain our role as a “one-stop shop” for clients.

Additionally, Romania’s integration into the Schengen Area in 2025 will boost the logistics sector, and VGP is well-positioned to capitalize on this opportunity by developing projects in key locations that benefit from enhanced infrastructure and regional market connectivity.

What are the main challenges & opportunities for the logistic & industrial market in 2025?

Near-shoring strategies are becoming increasingly important in the logistics and industrial market due to global supply chain disruptions. Companies can innovate, enhance efficiency, and stand out in a competitive market by embracing green technologies and prioritizing near-shoring.

For VGP, sustainability remains at the core of our strategy. By integrating eco-friendly solutions, such as heat pumps and photovoltaic systems, we aim to meet the growing demand for energy-efficient and modern logistics spaces.

Additionally, we are actively contributing to the reindustrialization of Europe by providing industrial companies with prime-located, efficient premises that support their operational needs. A strong example is our collaboration with VAT, a leading supplier of high-performance vacuum valves, which is establishing a new facility in VGP Park Arad.

Which regions are expected to see the highest demand for new industrial & logistic developments? Which areas in Romania are positioned to become major logistics hubs by 2025, and how will proximity to regional markets and infrastructure upgrades (e.g., roads, rail, ports) play a role?

Romania’s strategic position as a logistics hub in Central and Eastern Europe continues to attract significant investments. In 2025, regions such as Arad, Timișoara, Bucharest, and Brașov are expected to experience the highest demand for industrial and logistics developments.

Key factors include:

  • Proximity to transportation hubs: Improved infrastructure such as highways, railways, and ports facilitates efficient logistics operations.
  • Schengen integration: Romania’s 2025 inclusion in the Schengen Area will eliminate border controls, reduce transport times, and enhance connectivity to European trade routes.
  • Local economic growth: Infrastructure upgrades and foreign investments make these regions attractive for businesses looking to expand near major markets.

VGP’s strategic projects in these areas leverage these advantages, ensuring that our developments are positioned to support Romania’s transformation into a key logistics hub on the European map.

Vat Vgp Arad – photo 002

VAT Romania breaks ground on the future factory for its operation in VGP Park Arad
VAT Romania breaks ground on the future factory for its operation in VGP Park Arad 1280 854 ROMANIA PROPERTY CLUB
Vat Vgp Arad – photo 002

On September 17, 2024, VAT Romania broke ground for its new factory located in VGP Park Arad, a strategic logistics hub adjacent to the A1 motorway and key European routes. VGP Park Arad stands out with its modern infrastructure and green energy options, providing a significant logistical advantage for efficient manufacturing and distribution operations.

The new location is designed to accommodate the mid-term growth projections and meets the increasing demand and technical complexity of the product portfolio. The manufacturing facilities, offices and an employee canteen will be united under one roof of more than 21,000 sqm. The building will be certified following the BREEAM (Building Research Establishment Environmental Assessment Methodology) sustainability standards for green buildings and will aim for the Excellent level of certification. The new facility will be fully operational by early 2026 with an expected move-in date in the second quarter of 2025 – ensuring a smooth transition and minimal disruption to the ongoing operations.

VAT, the globally leading developer and manufacturer of high-performance vacuum valves, multi-valve units, and vacuum modules, is leasing the hall to support their global strategy, creating also numerous job opportunities in technical fields.

The investment in the growth of VAT Romania will create many job opportunities in areas with highly technical competencies such as mechanical engineering, automation, CNC turning and milling, as well as support functions. The plant will also host engineering, IT and other functions that go beyond the ‘pure’ manufacturing scope, and which support the build-up of further competencies required for a lead factory.

VGP’S Half Year Results 2022
VGP’S Half Year Results 2022 420 250 ROMANIA PROPERTY CLUB

07.09.2022

VGP NV, a European provider of high-quality logistics and semi-industrial real estate, recently, announced the results for half-year ended 30 June 2022.

VGP reports an increased operational yield with a net profit of EUR 153.1 million, newly signed as well as renewed leases worth EUR 35.4 million, leading to EUR 281.1 million total annualized revenues (+9.7 % YTD)1. A total of 1,346,000 m2 under construction, within 40 projects that once built and leased represent EUR 88.1 million of additional annual rent (87.4% are pre-leased areas).

In Romania, at the end of the first semester, 4 buildings were under construction on an area of 102,000 m2, in different areas of the country: VGP Park Arad, VGP Park Brașov and VGP Park Bucharest.

VGP’s Chief Executive Officer, Jan Van Geet, said: “In the first half year we have seen robust growth with € 35 million of new or renewed lease agreements signed and supported by significant rental growth in most countries. This growth was realised despite a more prudent approach by e-commerce sector of which a number of major players have shifted their take-up focus towards 2024 and beyond.”

Jan Van Geet continued: “The unstable energy markets have not only given a significant boost to our renewable energy revenue potential, it has also served as an accelerator in our tenants’ desire to switch to renewable energy consumption. Beyond the traditional stronghold countries of Germany and the Netherlands we are now initiating solar projects in almost all regions based on direct tenant demand.”

Jan Van Geet added: “Although we have taken a more cautious approach to our land acquisitions during the first half of the year, an important side effect of these unstable energy markets is that it creates tremendous growth opportunities for us. After all, it accelerates the need for energy-inefficient industries to reinvent themselves and move to more sustainable and energy-efficient housing and operations. One of the side effects of this is that they are putting their old factories, mostly in prime locations, up for sale which consequently offers interesting brownfield redevelopment opportunities for VGP.”

Jan Van Geet concluded: “A strong capital position is important, particularly as such highly attractive brownfield opportunities start to increasingly arise. The significant cash recycling through the completed and anticipated joint venture closings enhances our balance sheet and allows us the flexibility to best serve our whilst enabling us to create significant value for all stakeholders involved.”

VGP has been present in Romania since 2007, and develops industrial parks in Bucharest, Arad, Brașov, Timișoara and Sibiu. VGP Park Bucuresti Nord is developed on a plot of approximately 250,000 m2 and will have a total leasable area of approximately 120,000 m2 divided into 4 buildings. VGP Park Arad, developed on a land of 39 ha, with a rental area of up to 200,000 m2, is strategically positioned in Arad, the most important road junction in the west of the country, part of the IV Pan-European Transport Corridor. VGP Park Brașov is developed on an area of approximately 320,000 m2 and will have a total potential of 140,000 m2 of space available for rent. VGP Park Timișoara is fully rented, with possibilities for expansion.

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